LKQ Corporation $LKQ Position Boosted by Allstate Corp

Key Points

• Allstate Corp increased its stake in LKQ Corporation by 109.4% during the first quarter, now holding 16,655 shares valued at approximately $709,000.
• LKQ's quarterly earnings report revealed an EPS of $0.87, which fell short of analysts' expectations, alongside a revenue of $3.64 billion for the quarter.
• The company recently declared a quarterly dividend of $0.30 per share, equating to an annual yield of 3.8%, with the ex-dividend date set for August 14th.

Allstate Corp grew its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 109.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,655 shares of the auto parts company's stock after purchasing an additional 8,701 shares during the quarter. Allstate Corp's holdings in LKQ were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its stake in LKQ by 1.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock valued at $799,000 after buying an additional 286 shares during the period. MetLife Investment Management LLC boosted its position in shares of LKQ by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock worth $2,528,000 after acquiring an additional 352 shares during the last quarter. Wahed Invest LLC grew its position in LKQ by 6.4% in the fourth quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company's stock valued at $249,000 after acquiring an additional 405 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in LKQ by 2.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 20,016 shares of the auto parts company's stock valued at $852,000 after acquiring an additional 405 shares in the last quarter. Finally, Private Trust Co. NA grew its position in shares of LKQ by 30.2% during the first quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock worth $79,000 after buying an additional 428 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Price Performance

LKQ stock traded up $0.37 during midday trading on Friday, hitting $32.62. The company's stock had a trading volume of 3,308,045 shares, compared to its average volume of 4,340,473. The stock's 50-day moving average price is $34.09 and its 200-day moving average price is $38.34. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $8.39 billion, a PE ratio of 11.95 and a beta of 0.92. LKQ Corporation has a 12 month low of $28.92 and a 12 month high of $44.82.

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 the consensus estimate of $0.93 by ($0.06). The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.LKQ's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Analysts anticipate that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, August 14th. LKQ's payout ratio is 43.96%.

Analyst Ratings Changes

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

LKQ Profile

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.