New York State Common Retirement Fund Sells 5,462 Shares of LKQ Corporation $LKQ

New York State Common Retirement Fund lessened its stake in LKQ Corporation (NASDAQ:LKQ) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 899,094 shares of the auto parts company’s stock after selling 5,462 shares during the quarter. New York State Common Retirement Fund’s holdings in LKQ were worth $33,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of LKQ. Caitong International Asset Management Co. Ltd bought a new stake in LKQ during the 1st quarter valued at about $30,000. Banque Cantonale Vaudoise bought a new position in shares of LKQ in the first quarter worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of LKQ by 226.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company’s stock valued at $41,000 after buying an additional 763 shares during the last quarter. Brooklyn Investment Group increased its position in shares of LKQ by 91.8% during the first quarter. Brooklyn Investment Group now owns 1,197 shares of the auto parts company’s stock valued at $51,000 after acquiring an additional 573 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in LKQ in the 1st quarter worth approximately $109,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Up 0.4%

LKQ stock opened at $29.69 on Monday. LKQ Corporation has a one year low of $28.42 and a one year high of $44.82. The stock has a fifty day moving average of $30.27 and a 200 day moving average of $33.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. The stock has a market cap of $7.60 billion, a PE ratio of 10.87 and a beta of 0.91.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, October 30th. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.10. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.54 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.150 EPS. As a group, sell-side analysts predict that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, November 20th. LKQ’s payout ratio is 44.44%.

Analysts Set New Price Targets

Several analysts have commented on LKQ shares. Barclays started coverage on LKQ in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $33.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LKQ in a research report on Monday, November 24th. Roth Capital reiterated a “buy” rating and issued a $43.00 price objective (down from $46.00) on shares of LKQ in a report on Monday, November 3rd. Finally, Zacks Research upgraded shares of LKQ from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $45.40.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.