LKQ Corporation $LKQ Stock Position Decreased by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of LKQ Corporation (NASDAQ:LKQ) by 33.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,511 shares of the auto parts company’s stock after selling 28,396 shares during the period. State of Alaska Department of Revenue’s holdings in LKQ were worth $1,266,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LKQ. Global Retirement Partners LLC bought a new stake in LKQ during the second quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of LKQ during the 2nd quarter worth about $25,000. Harbor Investment Advisory LLC boosted its stake in LKQ by 260.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 650 shares during the period. Cedar Mountain Advisors LLC bought a new stake in LKQ during the 1st quarter valued at approximately $28,000. Finally, Essential Partners LLC acquired a new stake in LKQ in the 1st quarter valued at approximately $30,000. Institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on LKQ shares. Raymond James Financial set a $30.00 price target on LKQ in a research report on Friday, July 31st. JPMorgan Chase & Co. lowered their price objective on shares of LKQ from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Zacks Research downgraded shares of LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Stephens dropped their target price on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Finally, Weiss Ratings downgraded shares of LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, LKQ currently has an average rating of “Hold” and an average price target of $30.58.

LKQ Price Performance

Shares of LKQ stock opened at $21.53 on Wednesday. The stock has a 50 day moving average of $23.84 and a two-hundred day moving average of $25.81. 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 Corporation has a 12 month low of $21.17 and a 12 month high of $37.13. The company has a market capitalization of $5.45 billion, a P/E ratio of 7.77 and a beta of 0.87.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, July 30th. The auto parts company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, equities analysts expect that LKQ Corporation will post 2.65 EPS for the current year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.30 dividend. The ex-dividend date was Thursday, August 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.6%. LKQ’s dividend payout ratio is currently 66.67%.

LKQ Profile

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.