Public Employees Retirement System of Ohio Acquires Shares of 78,629 LKQ Corporation $LKQ

Public Employees Retirement System of Ohio acquired a new stake in LKQ Corporation (NASDAQ:LKQ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 78,629 shares of the auto parts company’s stock, valued at approximately $2,070,000.

Several other large investors have also recently modified their holdings of the stock. Captrust Financial Advisors raised its holdings in LKQ by 0.4% during the 3rd quarter. Captrust Financial Advisors now owns 84,939 shares of the auto parts company’s stock valued at $2,594,000 after buying an additional 377 shares during the period. Harbor Investment Advisory LLC boosted 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. Root Financial Partners LLC increased its position 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 valued at $36,000 after acquiring an additional 715 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in LKQ by 2.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company’s stock valued at $1,339,000 after acquiring an additional 807 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of LKQ in the second quarter valued at $25,000. Institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

Shares of LKQ opened at $25.54 on Monday. The firm has a market capitalization of $6.46 billion, a P/E ratio of 14.19 and a beta of 0.85. LKQ Corporation has a 12-month low of $21.17 and a 12-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. The firm has a fifty day moving average price of $25.27 and a 200-day moving average price of $27.59.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results 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 analysts’ expectations of $3.48 billion. During the same period in the prior year, the business earned $0.87 EPS. The company’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 earnings per share for the current year.

LKQ Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Roth Capital set a $35.00 target price on shares of LKQ in a report on Monday, August 3rd. Raymond James Financial set a $30.00 price objective on shares of LKQ in a research report on Friday, July 31st. Robert W. Baird set a $30.00 price objective on shares of LKQ in a research note on Friday, July 31st. Stephens dropped their target price on LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Finally, Weiss Ratings cut LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, LKQ presently has an average rating of “Hold” and a consensus price target 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.