SG Americas Securities LLC Sells 213,088 Shares of LKQ Corporation $LKQ

SG Americas Securities LLC lessened its stake in LKQ Corporation (NASDAQ:LKQ) by 78.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,437 shares of the auto parts company’s stock after selling 213,088 shares during the quarter. SG Americas Securities LLC’s holdings in LKQ were worth $1,687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Investment Management Inc. increased its holdings in LKQ by 14.0% in the 4th quarter. Thompson Investment Management Inc. now owns 374,299 shares of the auto parts company’s stock valued at $11,304,000 after acquiring an additional 46,052 shares during the last quarter. Seizert Capital Partners LLC boosted its holdings in shares of LKQ by 30.1% during the 4th quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock valued at $65,797,000 after purchasing an additional 503,998 shares during the last quarter. Rathbones Group PLC boosted its holdings in shares of LKQ by 14.3% during the 3rd quarter. Rathbones Group PLC now owns 171,511 shares of the auto parts company’s stock valued at $5,238,000 after purchasing an additional 21,499 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in shares of LKQ during the fourth quarter valued at about $975,000. Finally, Applied Finance Capital Management LLC grew its holdings in LKQ by 11.2% during the 4th quarter. Applied Finance Capital Management LLC now owns 596,682 shares of the auto parts company’s stock valued at $18,020,000 after buying an additional 60,337 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Barclays dropped their target price on LKQ from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th. Weiss Ratings upgraded LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded LKQ from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, LKQ currently has an average rating of “Moderate Buy” and an average target price of $42.33.

LKQ Price Performance

Shares of LKQ stock opened at $26.55 on Friday. LKQ Corporation has a 52-week low of $23.98 and a 52-week high of $39.77. 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 firm has a market capitalization of $6.76 billion, a P/E ratio of 13.14 and a beta of 0.83. The stock has a 50 day moving average price of $27.04 and a 200 day moving average price of $29.91.

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

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a $0.30 dividend. The ex-dividend date was Thursday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.5%. 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.