Ancora Advisors LLC Has $233.01 Million Stock Position in LKQ Corporation $LKQ

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 shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 95.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,477,467 shares of the auto parts company's stock after buying an additional 2,678,964 shares during the quarter. LKQ comprises about 5.2% of Ancora Advisors LLC's portfolio, making the stock its largest holding. Ancora Advisors LLC owned approximately 2.12% of LKQ worth $233,011,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in LKQ in the 1st quarter valued at $30,000. Banque Cantonale Vaudoise acquired a new position in LKQ in the 1st quarter valued at $40,000. UMB Bank n.a. grew its holdings in LKQ by 104.8% in the 1st 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 in the last quarter. Horizon Financial Services LLC acquired a new position in LKQ in the 1st quarter valued at $42,000. Finally, Bruce G. Allen Investments LLC raised its holdings in LKQ by 299.6% in 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 in the last quarter. 95.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

LKQ Price Performance

Shares of NASDAQ:LKQ traded up $0.08 during trading on Friday, hitting $32.38. 1,764,139 shares of the company were exchanged, compared to its average volume of 4,281,694. The business's 50 day moving average is $33.60 and its 200-day moving average is $38.10. The company has a market capitalization of $8.33 billion, a P/E ratio of 11.86 and a beta of 0.90. 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 Corporation has a 1-year low of $28.92 and a 1-year high of $44.82.

LKQ (NASDAQ:LKQ - Get Free Report) last announced 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 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% on a year-over-year basis. During the same quarter last year, the company posted $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Equities analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

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

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.