Amundi Has $39.33 Million Stake in LKQ Corporation $LKQ

Key Points

• Amundi has reduced its stake in LKQ Corporation by 34.2%, selling 483,593 shares and retaining 931,797 shares, which now represent 0.36% of LKQ worth approximately $39.3 million.
• LKQ reported earnings of $0.87 per share, missing consensus estimates of $0.93, despite revenue of $3.64 billion, which slightly exceeded expectations.
• The company announced a quarterly dividend of $0.30, leading to an annualized dividend of $1.20 and a dividend yield of 3.7%.

Amundi reduced its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 34.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 931,797 shares of the auto parts company's stock after selling 483,593 shares during the quarter. Amundi owned 0.36% of LKQ worth $39,331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in LKQ by 1.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock worth $799,000 after acquiring an additional 286 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of LKQ by 10.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,062 shares of the auto parts company's stock valued at $173,000 after purchasing an additional 379 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of LKQ by 13.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,348 shares of the auto parts company's stock valued at $139,000 after purchasing an additional 397 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of LKQ by 2.1% during the 1st 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 purchasing an additional 405 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of LKQ by 30.2% during the 1st quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock valued at $79,000 after purchasing an additional 428 shares during the last quarter. Institutional investors own 95.63% of the company's stock.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of research reports. Wall Street Zen cut LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research reiterated an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Tuesday, July 22nd. Finally, Robert W. Baird cut their price target on LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $49.50.

LKQ Trading Down 1.3%

LKQ traded down $0.43 during midday trading on Friday, hitting $32.50. 431,636 shares of the company were exchanged, compared to its average volume of 2,769,117. The firm has a market capitalization of $8.36 billion, a P/E ratio of 11.90 and a beta of 0.90. LKQ Corporation has a 1-year low of $28.92 and a 1-year high of $44.82. The firm's 50 day moving average price is $33.15 and its 200-day moving average price is $37.88. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its earnings results on Thursday, July 24th. The auto parts company reported $0.87 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%.The firm's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, equities analysts forecast that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

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

LKQ Company 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.