Baird Financial Group Inc. Has $8.67 Million Stake in LKQ Corporation $LKQ

Baird Financial Group Inc. reduced its stake in shares of LKQ Corporation (NASDAQ:LKQ) by 29.7% in the second quarter, HoldingsChannel.com reports. The firm owned 234,310 shares of the auto parts company’s stock after selling 98,926 shares during the period. Baird Financial Group Inc.’s holdings in LKQ were worth $8,672,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in LKQ by 3.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 97,200 shares of the auto parts company’s stock valued at $3,597,000 after buying an additional 3,556 shares during the last quarter. Rhumbline Advisers grew its stake in shares of LKQ by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 535,387 shares of the auto parts company’s stock worth $19,815,000 after acquiring an additional 23,835 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of LKQ by 106.8% in the second quarter. SG Americas Securities LLC now owns 26,567 shares of the auto parts company’s stock valued at $983,000 after purchasing an additional 13,723 shares during the last quarter. Rathbones Group PLC lifted its position in shares of LKQ by 5.2% during the second quarter. Rathbones Group PLC now owns 150,012 shares of the auto parts company’s stock valued at $5,552,000 after purchasing an additional 7,438 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in LKQ by 16.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 27,615 shares of the auto parts company’s stock worth $1,022,000 after purchasing an additional 3,981 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LKQ shares. Barclays assumed coverage on shares of LKQ in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $33.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LKQ in a research report on Monday, December 1st. Zacks Research raised LKQ from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Roth Capital reaffirmed a “buy” rating and set a $43.00 target price (down from $46.00) on shares of LKQ in a research report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $45.40.

LKQ Stock Performance

NASDAQ:LKQ opened at $28.87 on Tuesday. The company has a market capitalization of $7.39 billion, a P/E ratio of 10.69 and a beta of 0.91. The business has a fifty day simple moving average of $30.14 and a two-hundred day simple moving average of $33.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.60 and a quick ratio of 0.67. LKQ Corporation has a 1 year low of $28.42 and a 1 year high of $44.82.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.10. LKQ had a return on equity of 13.45% and a net margin of 4.99%.The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.150 EPS. On average, analysts expect that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, November 20th. LKQ’s dividend payout ratio is presently 44.44%.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.