5 Best Stocks to Buy for Long Term According to ValueAct Capital

In this article, we will look at the 5 best stocks to buy for the long term according to ValueAct Capital. If you want to read about ValueAct Capital’s long-term strategies and the activist hedge fund’s performance, you can go to 10 Best Stocks to Buy for Long Term According to ValueAct Capital.

5. LKQ Corporation (NASDAQ:LKQ)

ValueAct Capital’s Stake Value: $796,964,000

Percentage of ValueAct Capital’s 13F Portfolio: 10.96%

Number of Hedge Fund Holders: 35

LKQ Corporation (NASDAQ:LKQ) distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. The company operates through three primary segments: North America, Europe, and Specialty. As of April 28, Barrington analyst Gary Prestopino has a buy-side Outperform rating on LKQ Corporation (NASDAQ:LKQ) and a maximum price target of $70 on the shares.

As of July 5, LKQ Corporation (NASDAQ:LKQ) has a forward dividend yield of 2.02% and a trailing twelve-month PE ratio of 13.20.

As of the end of Q1 2022, ValueAct Capital is the largest shareholder in LKQ Corporation (NASDAQ:LKQ). As of March 31, the fund owns 17.55 million shares of the company which brings its stakes to $796.96 million. The investment covers 10.96% of ValueAct Capital’s 13F portfolio.

At the close of Q1 2022, 35 hedge funds were long LKQ Corporation (NASDAQ:LKQ). These funds held collective stakes worth $1.16 billion in the company, down from $1.58 billion in Q4 2021 with 34 positions.