Nykredit A S Invests $84.80 Million in LKQ Corporation $LKQ

Nykredit A S acquired a new stake in LKQ Corporation (NASDAQ:LKQ) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,220,464 shares of the auto parts company’s stock, valued at approximately $84,795,000. Nykredit A S owned about 1.27% of LKQ as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LKQ. Integrated Wealth Concepts LLC acquired a new stake in LKQ in the 1st quarter valued at $278,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of LKQ by 2.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company’s stock worth $1,339,000 after buying an additional 807 shares during the last quarter. Empowered Funds LLC bought a new position in shares of LKQ in the 1st quarter valued at about $1,162,000. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of LKQ by 170.0% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,886 shares of the auto parts company’s stock valued at $292,000 after acquiring an additional 4,965 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its position in shares of LKQ by 41.2% in the third quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock valued at $9,604,000 after acquiring an additional 91,776 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Up 0.1%

LKQ opened at $24.73 on Thursday. The stock’s fifty day simple moving average is $25.33 and its 200 day simple moving average is $27.71. LKQ Corporation has a 1-year low of $21.17 and a 1-year high of $37.13. The stock has a market cap of $6.26 billion, a PE ratio of 13.74 and a beta of 0.85. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%.The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, research analysts expect that LKQ Corporation will post 2.67 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, August 20th. LKQ’s dividend payout ratio is currently 66.67%.

Analyst Ratings Changes

LKQ has been the subject of several recent research reports. Stephens reduced their price target on LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Weiss Ratings cut LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Zacks Research downgraded LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Raymond James Financial set a $30.00 target price on shares of LKQ in a research note on Friday, July 31st. Finally, Barclays lowered their target price on shares of LKQ from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.08.

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.