EverSource Wealth Advisors LLC Sells 24,258 Shares of LKQ Corporation $LKQ

EverSource Wealth Advisors LLC decreased its position in shares of LKQ Corporation (NASDAQ:LKQ) by 25.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,942 shares of the auto parts company’s stock after selling 24,258 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in LKQ were worth $2,228,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LKQ. Thompson Investment Management Inc. raised its holdings in LKQ by 25.2% in the third quarter. Thompson Investment Management Inc. now owns 328,247 shares of the auto parts company’s stock worth $10,025,000 after purchasing an additional 66,069 shares during the period. Goodman Financial Corp raised its stake in LKQ by 9.9% during the 3rd quarter. Goodman Financial Corp now owns 355,108 shares of the auto parts company’s stock worth $10,845,000 after buying an additional 31,857 shares during the period. Applied Finance Capital Management LLC lifted its holdings in LKQ by 6.1% during the third quarter. Applied Finance Capital Management LLC now owns 536,345 shares of the auto parts company’s stock worth $16,380,000 after acquiring an additional 31,042 shares in the last quarter. Empowered Funds LLC bought a new position in LKQ during the first quarter worth about $1,162,000. Finally, Rhumbline Advisers increased its holdings in shares of LKQ by 4.7% in the second quarter. Rhumbline Advisers now owns 535,387 shares of the auto parts company’s stock worth $19,815,000 after acquiring an additional 23,835 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Trading Up 0.7%

LKQ stock opened at $33.53 on Wednesday. The stock has a 50-day simple moving average of $32.56 and a 200 day simple moving average of $31.31. The stock has a market capitalization of $8.55 billion, a P/E ratio of 14.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.58 and a current ratio of 1.67. LKQ Corporation has a 52 week low of $28.13 and a 52 week high of $44.82.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, February 19th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.06). LKQ had a net margin of 4.36% and a return on equity of 12.29%. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the business earned $0.80 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. Analysts expect that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a $0.30 dividend. The ex-dividend date is Thursday, March 12th. This represents a $1.20 annualized dividend and a yield of 3.6%. LKQ’s payout ratio is 50.85%.

Wall Street Analyst Weigh In

LKQ has been the topic of several recent analyst reports. Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a report on Sunday. Zacks Research cut LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. JPMorgan Chase & Co. dropped their price target on LKQ from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Monday. Roth Mkm restated a “buy” rating and issued a $43.00 price target (down from $46.00) on shares of LKQ in a report on Monday, November 3rd. Finally, Barclays set a $34.00 target price on LKQ in a research report on Friday. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $42.50.

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.