Pzena Investment Management LLC Purchases Shares of 15,142,285 LKQ Corporation $LKQ

Pzena Investment Management LLC bought a new position in LKQ Corporation (NASDAQ:LKQ) in the second quarter, HoldingsChannel.com reports. The firm bought 15,142,285 shares of the auto parts company’s stock, valued at approximately $398,696,000. LKQ accounts for 1.2% of Pzena Investment Management LLC’s investment portfolio, making the stock its 24th biggest position. Pzena Investment Management LLC owned approximately 0.06% of LKQ as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LKQ. BlackRock Inc. bought a new stake in LKQ during the 2nd quarter worth about $1,015,096,000. Bank of New York Mellon Corp acquired a new position in shares of LKQ during the 2nd quarter worth approximately $76,343,000. Rice Hall James & Associates LLC bought a new stake in shares of LKQ during the 2nd quarter worth approximately $17,859,000. Seizert Capital Partners LLC raised its stake 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 worth $65,797,000 after purchasing an additional 503,998 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of LKQ in the 4th quarter valued at approximately $3,158,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Price Performance

Shares of LKQ opened at $25.45 on Tuesday. The company’s 50-day moving average is $25.42 and its 200-day moving average is $28.41. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61. The firm has a market capitalization of $6.44 billion, a PE ratio of 14.14 and a beta of 0.84. LKQ Corporation has a fifty-two week low of $21.17 and a fifty-two week high of $37.13.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, July 30th. The auto parts company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.04). LKQ had a return on equity of 10.84% and a net margin of 3.37%.The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the firm posted $0.87 EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Equities analysts forecast that LKQ Corporation will post 2.67 EPS for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, August 20th. LKQ’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Robert W. Baird set a $30.00 target price on shares of LKQ in a report on Friday, July 31st. Barclays decreased their price objective on shares of LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. Roth Capital set a $35.00 target price on shares of LKQ in a report on Monday, August 3rd. JPMorgan Chase & Co. cut their target price on shares of LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Raymond James Financial set a $30.00 price target on LKQ in a report on Friday, July 31st. Three 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.08.

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.