Lyrical Asset Management LP Reduces Stock Holdings in LKQ Corporation $LKQ

Lyrical Asset Management LP reduced its stake in LKQ Corporation (NASDAQ:LKQ) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,207,507 shares of the auto parts company’s stock after selling 237,711 shares during the period. Lyrical Asset Management LP owned 1.25% of LKQ worth $96,867,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC increased its stake in LKQ by 159.4% in the third quarter. Rossby Financial LCC now owns 882 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 542 shares during the last quarter. Torren Management LLC purchased a new position in LKQ in the fourth quarter valued at approximately $32,000. Cullen Frost Bankers Inc. increased its stake in LKQ by 254.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,362 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 978 shares during the last quarter. Rothschild Investment LLC increased its stake in LKQ by 830.7% in the third quarter. Rothschild Investment LLC now owns 1,424 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 1,271 shares during the last quarter. Finally, Colonial Trust Co SC increased its stake in LKQ by 399.0% in the third quarter. Colonial Trust Co SC now owns 2,520 shares of the auto parts company’s stock valued at $77,000 after purchasing an additional 2,015 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Price Performance

LKQ stock opened at $25.22 on Monday. The company has a market capitalization of $6.43 billion, a P/E ratio of 12.49 and a beta of 0.83. LKQ Corporation has a twelve month low of $23.98 and a twelve month high of $39.99. The business has a 50 day simple moving average of $28.48 and a 200-day simple moving average of $30.39. The company has a current ratio of 1.54, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, April 30th. The auto parts company reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. LKQ had a return on equity of 11.65% and a net margin of 3.71%.The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the company earned $0.79 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. As a group, equities analysts anticipate that LKQ Corporation will post 3 EPS for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.8%. LKQ’s dividend payout ratio (DPR) is currently 59.41%.

Analyst Upgrades and Downgrades

Several brokerages have commented on LKQ. Barclays dropped their price target on shares of LKQ from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 7th. Wall Street Zen downgraded LKQ from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Zacks Research raised LKQ from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their price objective on LKQ from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Finally, Weiss Ratings raised LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, LKQ currently has an average rating of “Moderate Buy” and an average target price of $42.33.

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.