Man Group plc Invests $2.70 Million in LKQ Corporation $LKQ

Man Group plc purchased a new stake in shares of LKQ Corporation (NASDAQ:LKQ) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 102,690 shares of the auto parts company’s stock, valued at approximately $2,704,000.

Several other hedge funds have also modified their holdings of LKQ. Integrated Wealth Concepts LLC bought a new stake in LKQ in the first quarter worth $278,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of LKQ by 2.6% in 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 in the last quarter. Empowered Funds LLC bought a new stake in shares of LKQ in the 1st quarter worth about $1,162,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of LKQ by 170.0% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,886 shares of the auto parts company’s stock worth $292,000 after buying an additional 4,965 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its position in shares of LKQ by 41.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock valued at $9,604,000 after buying an additional 91,776 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays dropped their price target on LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. JPMorgan Chase & Co. dropped their target price on LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Stephens decreased their price target on LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Raymond James Financial set a $30.00 price objective on shares of LKQ in a research note on Friday, July 31st. Finally, Weiss Ratings cut shares of LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.08.

LKQ Stock Performance

Shares of LKQ stock opened at $25.13 on Tuesday. The stock’s fifty day moving average is $25.38 and its two-hundred day moving average is $27.85. The company has a market capitalization of $6.36 billion, a PE ratio of 13.96 and a beta of 0.84. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. LKQ Corporation has a 52 week low of $21.17 and a 52 week high of $37.13.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.04). The business 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 firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, analysts expect that LKQ Corporation will post 2.67 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.8%. LKQ’s dividend payout ratio (DPR) is 66.67%.

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.