Legal & General Group Plc Buys Shares of 613,618 LKQ Corporation $LKQ

Legal & General Group Plc purchased a new position in LKQ Corporation (NASDAQ:LKQ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 613,618 shares of the auto parts company’s stock, valued at approximately $16,157,000. Legal & General Group Plc owned about 0.24% of LKQ at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in LKQ in the 2nd quarter worth about $1,015,096,000. Seizert Capital Partners LLC raised its holdings in shares of LKQ by 30.1% during the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock valued at $65,797,000 after purchasing an additional 503,998 shares during the last quarter. Applied Finance Capital Management LLC lifted its position in LKQ by 11.0% during the first quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company’s stock valued at $19,449,000 after purchasing an additional 65,534 shares during the period. Rice Hall James & Associates LLC bought a new position in LKQ during the second quarter valued at approximately $17,859,000. Finally, Kiltearn Partners LLP purchased a new stake in LKQ in the second quarter worth approximately $13,442,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Performance

NASDAQ:LKQ opened at $25.53 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 1.58. The stock has a 50-day simple moving average of $25.39 and a two-hundred day simple moving average of $27.91. The firm has a market capitalization of $6.46 billion, a PE ratio of 14.18 and a beta of 0.84. LKQ Corporation has a 52-week low of $21.17 and a 52-week high of $37.13.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 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 company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the business earned $0.87 EPS. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Analysts forecast that LKQ Corporation will post 2.67 EPS for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.20 annualized dividend and a yield of 4.7%. LKQ’s payout ratio is currently 66.67%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Stephens decreased their target price on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Robert W. Baird set a $30.00 target price on LKQ in a report on Friday, July 31st. Barclays dropped their target price on LKQ from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price target on shares of LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, Roth Capital set a $35.00 price objective on shares of LKQ in a report on Monday, August 3rd. Three investment 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.08.

LKQ Profile

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.