124,471 Shares of LKQ Corporation $LKQ Acquired by Azarias Capital Management L.P.

Azarias Capital Management L.P. acquired a new position in LKQ Corporation (NASDAQ:LKQ) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 124,471 shares of the auto parts company’s stock, valued at approximately $2,842,000. LKQ accounts for 2.7% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 16th largest position.

Other institutional investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC boosted its holdings in shares of LKQ by 260.0% in 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 last quarter. Root Financial Partners LLC increased its holdings 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 buying an additional 715 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in LKQ during the second quarter valued at approximately $25,000. Cedar Mountain Advisors LLC bought a new position in LKQ in the first quarter worth approximately $28,000. Finally, Global Retirement Partners LLC bought a new position in LKQ in the second quarter worth approximately $25,000. Institutional investors own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Robert W. Baird set a $30.00 price target on shares of LKQ in a research note on Friday, July 31st. Raymond James Financial set a $30.00 price objective on LKQ in a research note on Friday, July 31st. JPMorgan Chase & Co. reduced their price objective on LKQ from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Barclays decreased their target price on LKQ from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Finally, Weiss Ratings downgraded LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.58.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded down $0.36 during mid-day trading on Wednesday, reaching $21.82. 2,906,662 shares of the company traded hands, compared to its average volume of 2,973,513. The company’s 50 day moving average price is $24.10 and its 200-day moving average price is $26.07. The firm has a market cap of $5.52 billion, a PE ratio of 12.12 and a beta of 0.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61. LKQ Corporation has a 52 week low of $21.17 and a 52 week high of $37.13.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (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 firm 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 company posted $0.87 earnings per share. The company’s 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. On average, equities analysts expect that LKQ Corporation will post 2.65 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Thursday, August 20th. LKQ’s dividend payout ratio is presently 66.67%.

LKQ Profile

LKQ Corporation (NASDAQ:LKQ) is a global distributor of replacement parts, components and accessories for automobiles, trucks and other vehicles. The company supplies collision and mechanical repair businesses, insurers, professional service providers, retailers and do-it-yourself customers with a broad range of products.

Its offerings include new aftermarket parts, recycled original-equipment parts, remanufactured and refurbished components, specialty vehicle equipment, tools and accessories.