LKQ Corporation $LKQ Stock Sold by Cooke & Bieler LP

Cooke & Bieler LP reduced its holdings in shares of LKQ Corporation (NASDAQ:LKQ) by 28.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,617,610 shares of the auto parts company’s stock after selling 1,026,526 shares during the period. Cooke & Bieler LP’s holdings in LKQ were worth $59,760,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Harbor Investment Advisory LLC grew its position in LKQ by 260.0% in the first quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 650 shares during the last quarter. Root Financial Partners LLC raised its stake in LKQ by 142.4% during the first quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 715 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of LKQ in the second quarter worth about $25,000. Cedar Mountain Advisors LLC bought a new position in shares of LKQ in the first quarter worth about $28,000. Finally, Global Retirement Partners LLC bought a new position in shares of LKQ in the second quarter worth about $25,000. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Trading Down 0.7%

NASDAQ LKQ opened at $21.38 on Thursday. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 11.88 and a beta of 0.87. LKQ Corporation has a twelve month low of $21.17 and a twelve month high of $37.13. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average is $23.77 and its 200 day moving average is $25.76.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). LKQ had a return on equity of 10.84% and a net margin of 3.37%. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the previous year, the company earned $0.87 EPS. LKQ’s revenue for the quarter was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, sell-side analysts expect that LKQ Corporation will post 2.65 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Thursday, August 20th. LKQ’s dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

LKQ has been the topic of a number of research analyst reports. Raymond James Financial set a $30.00 price target on shares of LKQ in a research note on Friday, July 31st. Weiss Ratings cut shares of LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. dropped their price objective on shares of LKQ from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Barclays dropped 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 note on Monday, August 3rd. Finally, Robert W. Baird set a $30.00 target price on shares of LKQ in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.58.

LKQ Profile

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.