Rice Hall James & Associates LLC Takes $17.86 Million Position in LKQ Corporation $LKQ

Rice Hall James & Associates LLC bought a new position in shares of LKQ Corporation (NASDAQ:LKQ) in the second quarter, Holdings Channel reports. The firm bought 678,259 shares of the auto parts company’s stock, valued at approximately $17,859,000.

Several other hedge funds have also recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in LKQ in the second quarter valued at approximately $25,000. Harbor Investment Advisory LLC grew its stake in LKQ by 260.0% during the first quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock worth $26,000 after buying an additional 650 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in shares of LKQ in the first quarter worth $28,000. Essential Partners LLC acquired a new stake in shares of LKQ in the first quarter worth $30,000. Finally, Torren Management LLC purchased a new position in shares of LKQ in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

LKQ opened at $25.45 on Tuesday. The company has a fifty day simple moving average of $25.42 and a 200 day simple moving average of $28.41. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 14.14 and a beta of 0.84. LKQ Corporation has a twelve month low of $21.17 and a twelve month high of $37.13. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.04). LKQ had a return on equity of 10.84% and a net margin of 3.37%.The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same period last year, the firm earned $0.87 EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Equities research analysts expect that LKQ Corporation will post 2.67 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, August 20th. LKQ’s payout ratio is presently 66.67%.

Analyst Ratings Changes

A number of analysts recently weighed in on LKQ shares. Roth Capital set a $35.00 price target on shares of LKQ in a research report on Monday, August 3rd. Barclays reduced their price objective on LKQ from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings downgraded LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Zacks Research downgraded LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. reduced their price target on LKQ from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Three equities 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.08.

About LKQ

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.