Aberdeen Group plc Sells 1,030,490 Shares of LKQ Corporation $LKQ

Key Points

• Aberdeen Group plc reduced its holdings in LKQ Corporation by 93.3%, selling 1,030,490 shares in the first quarter, leaving them with 73,904 shares valued at $3,087,000.
• LKQ reported quarterly earnings of $0.87 per share, missing estimates, with a revenue of $3.64 billion, slightly above the consensus expectation.
• The company has declared a quarterly dividend of $0.30 per share, with a yield of 3.9%, for stockholders of record on August 14th.

Aberdeen Group plc cut its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 93.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,904 shares of the auto parts company's stock after selling 1,030,490 shares during the period. Aberdeen Group plc's holdings in LKQ were worth $3,087,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in LKQ by 14.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,003,769 shares of the auto parts company's stock worth $255,384,000 after buying an additional 771,829 shares during the period. Neuberger Berman Group LLC boosted its holdings in LKQ by 162.0% in the 1st quarter. Neuberger Berman Group LLC now owns 22,289 shares of the auto parts company's stock worth $948,000 after buying an additional 13,781 shares during the period. Boston Partners boosted its holdings in LKQ by 258.0% in the 1st quarter. Boston Partners now owns 4,562,625 shares of the auto parts company's stock worth $194,089,000 after buying an additional 3,288,048 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in LKQ in the 1st quarter valued at $30,000. Finally, WESCAP Management Group Inc. boosted its holdings in LKQ by 3.3% in the 1st quarter. WESCAP Management Group Inc. now owns 24,413 shares of the auto parts company's stock valued at $1,039,000 after purchasing an additional 791 shares during the period. 95.63% of the stock is owned by institutional investors.

LKQ Stock Performance

NASDAQ LKQ opened at $30.62 on Thursday. LKQ Corporation has a 52-week low of $28.92 and a 52-week high of $44.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. The company has a market capitalization of $7.88 billion, a P/E ratio of 11.22 and a beta of 0.92. The company has a fifty day moving average of $34.91 and a 200-day moving average of $38.60.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). LKQ had a return on equity of 13.85% and a net margin of 5.04%.The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The business's revenue was down 1.6% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, equities research analysts predict that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, August 14th. LKQ's payout ratio is currently 43.96%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barrington Research reissued an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Tuesday, July 22nd. Robert W. Baird cut their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Finally, Wall Street Zen downgraded shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $51.40.

About LKQ

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.

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