Tidal Investments LLC Acquires 152,003 Shares of LKQ Corporation $LKQ

Tidal Investments LLC raised its holdings in LKQ Corporation (NASDAQ:LKQ) by 90.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 320,735 shares of the auto parts company’s stock after buying an additional 152,003 shares during the period. Tidal Investments LLC’s holdings in LKQ were worth $8,445,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Captrust Financial Advisors increased its holdings in LKQ by 0.4% during the third quarter. Captrust Financial Advisors now owns 84,939 shares of the auto parts company’s stock worth $2,594,000 after buying an additional 377 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake 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 grew its position in shares of LKQ by 142.4% in the 1st quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 715 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 valued at $1,339,000 after acquiring an additional 807 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of LKQ during the 2nd quarter worth about $25,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Price Performance

Shares of LKQ opened at $24.11 on Friday. The firm has a market capitalization of $6.10 billion, a PE ratio of 13.39 and a beta of 0.85. The company’s 50-day moving average is $25.09 and its 200-day moving average is $27.32. LKQ Corporation has a fifty-two week low of $21.17 and a fifty-two week high of $37.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61.

LKQ (NASDAQ:LKQ) last posted 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). The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%.The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 20th. This represents a $1.20 annualized dividend and a yield of 5.0%. LKQ’s dividend payout ratio (DPR) is 66.67%.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of research analyst reports. Zacks Research cut shares of LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Robert W. Baird set a $30.00 price target on LKQ in a report on Friday, July 31st. Stephens lowered their price target on LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their price objective on LKQ from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Finally, Raymond James Financial set a $30.00 price objective on LKQ in a research report on Friday, July 31st. Three 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 has a consensus rating of “Hold” and an average target price of $31.08.

LKQ Profile

LKQ Corporation is a global distributor of replacement parts, components and accessories for automobiles, trucks and other vehicles. The company supplies collision and mechanical repair parts, recycled original equipment parts, remanufactured components, aftermarket products and specialty vehicle equipment to professional repair businesses, insurers, dealerships and other customers.

LKQ operates through a network of distribution centers, parts facilities, salvage yards and self-service locations.