ASR Vermogensbeheer N.V. Invests $1.14 Million in LKQ Corporation (NASDAQ:LKQ)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in LKQ Corporation, purchasing 26,762 shares valued at approximately $1.14 million during the first quarter.
• LKQ has received a range of analyst ratings, with price targets being adjusted downwards, including Robert W. Baird lowering their target from $48.00 to $42.00.
• The company announced a quarterly dividend of $0.30 per share, reflecting a yield of 4.1% and a payout ratio of 43.96%.

ASR Vermogensbeheer N.V. bought a new position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,762 shares of the auto parts company's stock, valued at approximately $1,138,000.

Several other hedge funds and other institutional investors have also modified their holdings of LKQ. Fuller & Thaler Asset Management Inc. bought a new stake in shares of LKQ during the 4th quarter worth about $165,548,000. EdgePoint Investment Group Inc. bought a new stake in shares of LKQ during the 4th quarter worth about $160,339,000. Eminence Capital LP bought a new stake in shares of LKQ during the 4th quarter worth about $68,944,000. Invesco Ltd. boosted its holdings in shares of LKQ by 26.6% during the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock worth $204,739,000 after buying an additional 1,171,481 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings 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 worth $52,653,000 after buying an additional 1,104,431 shares during the period. Institutional investors own 95.63% of the company's stock.

LKQ Trading Up 3.0%

LKQ traded up $0.88 during trading on Tuesday, reaching $30.12. 2,296,682 shares of the company's stock were exchanged, compared to its average volume of 2,578,503. The stock has a market capitalization of $7.75 billion, a PE ratio of 11.03 and a beta of 0.92. LKQ Corporation has a one year low of $28.92 and a one year high of $44.82. The firm has a fifty day moving average price of $36.10 and a two-hundred day moving average price of $38.95. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its 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 the consensus estimate of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%. The firm's revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. As a group, equities research analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. LKQ's dividend payout ratio is presently 43.96%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LKQ. Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Tuesday, July 22nd. Robert W. Baird lowered their price objective 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. Finally, Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.