State of New Jersey Common Pension Fund D Has $3.44 Million Holdings in LKQ Corporation $LKQ

State of New Jersey Common Pension Fund D trimmed its holdings in LKQ Corporation (NASDAQ:LKQ) by 8.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,770 shares of the auto parts company’s stock after selling 7,572 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in LKQ were worth $3,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of LKQ. Janney Montgomery Scott LLC bought a new stake in LKQ in the 1st quarter valued at $321,000. Goodman Financial Corp raised its position in shares of LKQ by 2.8% during the first quarter. Goodman Financial Corp now owns 317,305 shares of the auto parts company’s stock valued at $13,498,000 after buying an additional 8,502 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of LKQ in the first quarter valued at about $1,618,000. PNC Financial Services Group Inc. lifted its stake in shares of LKQ by 20.0% in the first quarter. PNC Financial Services Group Inc. now owns 65,319 shares of the auto parts company’s stock valued at $2,779,000 after buying an additional 10,909 shares during the period. Finally, Amalgamated Bank grew its position in LKQ by 1.6% during the first quarter. Amalgamated Bank now owns 50,851 shares of the auto parts company’s stock worth $2,163,000 after buying an additional 801 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

LKQ has been the subject of several recent research reports. Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Robert W. Baird lowered their price objective on LKQ from $48.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, July 25th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Tuesday, July 22nd. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, LKQ has a consensus rating of “Buy” and an average price target of $51.40.

LKQ Stock Down 2.0%

NASDAQ LKQ opened at $30.62 on Thursday. LKQ Corporation has a 1-year low of $28.92 and a 1-year high of $44.82. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 11.22 and a beta of 0.92. The stock’s 50 day moving average is $34.91 and its two-hundred day moving average is $38.60. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, July 24th. The auto parts company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.LKQ’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Equities analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Thursday, August 14th. LKQ’s payout ratio is currently 43.96%.

LKQ Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.