EverSource Wealth Advisors LLC Sells 24,258 Shares of LKQ Corporation $LKQ

EverSource Wealth Advisors LLC lessened its holdings in shares of LKQ Corporation (NASDAQ:LKQ) by 25.0% during the third quarter, HoldingsChannel.com reports. The firm owned 72,942 shares of the auto parts company’s stock after selling 24,258 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in LKQ were worth $2,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LKQ. Rossby Financial LCC boosted its stake in shares of LKQ by 159.4% in the third quarter. Rossby Financial LCC now owns 882 shares of the auto parts company’s stock valued at $27,000 after buying an additional 542 shares during the period. Heartwood Wealth Advisors LLC bought a new position in LKQ during the 3rd quarter worth $31,000. Rothschild Investment LLC raised its holdings in LKQ by 830.7% in the 3rd quarter. Rothschild Investment LLC now owns 1,424 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 1,271 shares in the last quarter. Quent Capital LLC bought a new stake in shares of LKQ during the 3rd quarter valued at $75,000. Finally, Motley Fool Asset Management LLC grew its holdings in shares of LKQ by 9.2% during the 2nd quarter. Motley Fool Asset Management LLC now owns 7,200 shares of the auto parts company’s stock worth $266,000 after purchasing an additional 606 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

LKQ Trading Up 0.7%

LKQ opened at $33.53 on Wednesday. The company has a market cap of $8.55 billion, a P/E ratio of 14.21 and a beta of 0.91. The company has a current ratio of 1.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $32.56 and its 200-day moving average is $31.31. LKQ Corporation has a 1-year low of $28.13 and a 1-year high of $44.82.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, February 19th. The auto parts company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.06). LKQ had a net margin of 4.36% and a return on equity of 12.29%. The company had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the previous year, the company earned $0.80 EPS. LKQ’s revenue for the quarter was up 2.7% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. Equities research analysts predict that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. LKQ’s dividend payout ratio (DPR) is 50.85%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Zacks Research downgraded LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Barclays set a $34.00 target price on shares of LKQ in a research report on Friday. Wall Street Zen downgraded shares of LKQ from a “buy” rating to a “hold” rating in a report on Sunday. Roth Mkm reissued a “buy” rating and issued a $43.00 price objective (down from $46.00) on shares of LKQ in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of LKQ in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.50.

LKQ Company 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.