Applied Finance Capital Management LLC Boosts Stake in LKQ Corporation $LKQ

Applied Finance Capital Management LLC lifted its stake in shares of LKQ Corporation (NASDAQ:LKQ) by 11.0% in the first quarter, HoldingsChannel.com reports. The fund owned 662,216 shares of the auto parts company’s stock after acquiring an additional 65,534 shares during the quarter. Applied Finance Capital Management LLC’s holdings in LKQ were worth $19,449,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Thompson Investment Management Inc. increased its holdings in shares of LKQ by 14.0% in the fourth quarter. Thompson Investment Management Inc. now owns 374,299 shares of the auto parts company’s stock worth $11,304,000 after buying an additional 46,052 shares during the period. Seizert Capital Partners LLC raised its stake in shares of LKQ by 30.1% during the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock valued at $65,797,000 after acquiring an additional 503,998 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of LKQ by 3,046.7% during the fourth quarter. SG Americas Securities LLC now owns 270,525 shares of the auto parts company’s stock worth $8,170,000 after purchasing an additional 261,928 shares during the period. Catalyst Funds Management Pty Ltd purchased a new stake in shares of LKQ during the fourth quarter worth about $975,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of LKQ by 37.8% during the fourth quarter. Handelsbanken Fonder AB now owns 81,600 shares of the auto parts company’s stock valued at $2,464,000 after acquiring an additional 22,400 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LKQ has been the subject of several research reports. Barclays decreased their price objective on shares of LKQ from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th. Zacks Research raised shares of LKQ from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, LKQ currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

LKQ Price Performance

NASDAQ LKQ opened at $25.38 on Monday. The stock has a 50-day moving average of $26.39 and a 200 day moving average of $29.73. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.60 and a current ratio of 1.54. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 12.56 and a beta of 0.83. LKQ Corporation has a one year low of $23.98 and a one year high of $38.92.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, April 30th. The auto parts company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. LKQ had a net margin of 3.71% and a return on equity of 11.65%. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the business posted $0.79 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. On average, sell-side analysts forecast that LKQ Corporation will post 3 EPS for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. LKQ’s dividend payout ratio is presently 59.41%.

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.