LKQ Corporation $LKQ Stock: State of Alaska Department of Revenue Cuts Stake

State of Alaska Department of Revenue lessened its stake in shares of LKQ Corporation (NASDAQ:LKQ) by 33.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,511 shares of the auto parts company’s stock after selling 28,396 shares during the quarter. State of Alaska Department of Revenue’s holdings in LKQ were worth $1,266,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of LKQ. Harbor Investment Advisory LLC grew its position in LKQ by 260.0% in the first quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 650 shares during the period. Root Financial Partners LLC raised its stake in LKQ by 142.4% during the first quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 715 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of LKQ during the second quarter valued at $25,000. Cedar Mountain Advisors LLC bought a new position in shares of LKQ during the first quarter valued at $28,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of LKQ in the 2nd quarter valued at $25,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LKQ shares. Roth Capital set a $35.00 target price on shares of LKQ in a research report on Monday, August 3rd. Zacks Research lowered shares of LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Barclays dropped their price objective on shares of LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. Robert W. Baird set a $30.00 target price on shares of LKQ in a research note on Friday, July 31st. Finally, Stephens reduced their price objective on LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.58.

LKQ Trading Up 0.0%

LKQ opened at $21.53 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $5.45 billion, a PE ratio of 7.77 and a beta of 0.87. LKQ Corporation has a 1-year low of $21.17 and a 1-year high of $37.13. The firm has a 50-day moving average price of $23.84 and a two-hundred day moving average price of $25.81.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). LKQ had a return on equity of 10.84% and a net margin of 3.37%. The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the firm posted $0.87 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, equities analysts anticipate that LKQ Corporation will post 2.65 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.20 annualized dividend and a yield of 5.6%. LKQ’s dividend payout ratio is currently 66.67%.

About LKQ

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.