LKQ Corporation $LKQ is Ancora Advisors LLC's Largest Position

Key Points

• Ancora Advisors LLC significantly increased its stake in LKQ Corporation by 95.7% in Q1, now holding approximately 5.48 million shares worth $233 million, making it the firm's largest position.
• LKQ reported $0.87 earnings per share for the last quarter, missing analysts' estimates, while revenue was up slightly year-over-year at $3.64 billion.
• The company recently declared a $0.30 quarterly dividend, representing a yield of 3.8%, with a payout ratio of 43.96% of earnings.

Ancora Advisors LLC lifted its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 95.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,477,467 shares of the auto parts company's stock after purchasing an additional 2,678,964 shares during the period. LKQ comprises about 5.2% of Ancora Advisors LLC's investment portfolio, making the stock its largest position. Ancora Advisors LLC owned 2.12% of LKQ worth $233,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of LKQ during the first quarter worth about $30,000. Banque Cantonale Vaudoise bought a new position in LKQ during the 1st quarter worth $40,000. UMB Bank n.a. lifted its holdings in shares of LKQ by 104.8% in the first quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock valued at $42,000 after buying an additional 500 shares during the period. Horizon Financial Services LLC acquired a new position in LKQ during the first quarter valued at $42,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of LKQ by 299.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock valued at $48,000 after acquiring an additional 851 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Trading Up 0.2%

Shares of LKQ traded up $0.07 during trading on Monday, reaching $32.45. 782,147 shares of the company traded hands, compared to its average volume of 2,764,399. LKQ Corporation has a twelve month low of $28.92 and a twelve month high of $44.82. The stock has a 50-day simple moving average of $33.60 and a 200-day simple moving average of $38.08. 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 stock has a market cap of $8.35 billion, a PE ratio of 11.88 and a beta of 0.90.

LKQ (NASDAQ:LKQ - Get Free Report) last announced 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). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The business's quarterly revenue was down 1.6% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, analysts anticipate that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. LKQ's payout ratio is currently 43.96%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LKQ. Robert W. Baird reduced their target price on LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday, July 25th. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, 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. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently 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.