The Manufacturers Life Insurance Company Takes $1.95 Million Position in LKQ Corporation $LKQ

The Manufacturers Life Insurance Company bought a new position in shares of LKQ Corporation (NASDAQ:LKQ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 74,226 shares of the auto parts company’s stock, valued at approximately $1,954,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new position in LKQ in the 2nd quarter valued at about $1,015,096,000. Pzena Investment Management LLC acquired a new stake in LKQ during the second quarter worth approximately $398,696,000. Bank of New York Mellon Corp bought a new stake in shares of LKQ during the second quarter worth approximately $76,343,000. Rice Hall James & Associates LLC bought a new stake in shares of LKQ during the second quarter worth approximately $17,859,000. Finally, Kiltearn Partners LLP acquired a new position in shares of LKQ in the second quarter valued at approximately $13,442,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Up 2.1%

Shares of LKQ opened at $25.25 on Friday. LKQ Corporation has a one year low of $21.17 and a one year high of $37.13. The company has a market cap of $6.39 billion, a P/E ratio of 14.03 and a beta of 0.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61. The firm has a 50 day simple moving average of $25.30 and a two-hundred day simple moving average of $27.65.

LKQ (NASDAQ:LKQ) last issued 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 net margin of 3.37% and a return on equity of 10.84%. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the business posted $0.87 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Research analysts forecast that LKQ Corporation will post 2.67 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.20 annualized dividend and a yield of 4.8%. LKQ’s dividend payout ratio (DPR) is 66.67%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LKQ shares. Robert W. Baird set a $30.00 target price on LKQ in a research note on Friday, July 31st. Stephens decreased their price objective on LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Roth Capital set a $35.00 price objective on LKQ in a research report on Monday, August 3rd. Raymond James Financial set a $30.00 target price on LKQ in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. reduced their target price 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. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, LKQ has a consensus 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.