Aberdeen Group plc Cuts Stock Holdings in 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 trimmed its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 93.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,904 shares of the auto parts company's stock after selling 1,030,490 shares during the quarter. Aberdeen Group plc's holdings in LKQ were worth $3,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LKQ. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of LKQ during the 4th quarter valued at approximately $165,548,000. EdgePoint Investment Group Inc. purchased a new stake in shares of LKQ during the 4th quarter valued at approximately $160,339,000. Boston Partners lifted its stake in shares of LKQ by 258.0% during the 1st quarter. Boston Partners now owns 4,562,625 shares of the auto parts company's stock valued at $194,089,000 after buying an additional 3,288,048 shares in the last quarter. Eminence Capital LP purchased a new stake in shares of LKQ during the 4th quarter valued at approximately $68,944,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of LKQ by 336.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,432,724 shares of the auto parts company's stock valued at $52,653,000 after buying an additional 1,104,431 shares in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Price Performance

LKQ traded down $0.23 during trading on Tuesday, reaching $31.47. The stock had a trading volume of 26,555,446 shares, compared to its average volume of 3,194,745. The stock has a market cap of $8.10 billion, a PE ratio of 11.53 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. LKQ Corporation has a one year low of $28.92 and a one year high of $44.82. The business has a 50-day moving average of $34.37 and a 200-day moving average of $38.45.

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

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. LKQ's dividend payout ratio is 43.96%.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of recent research reports. Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research note on Tuesday, July 22nd. Robert W. Baird dropped their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th. Finally, Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price 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.