Caxton Associates LLP Makes New $1.13 Million Investment in LKQ Corporation $LKQ

Key Points

• Caxton Associates LLP invested approximately $1.13 million in LKQ Corporation, acquiring 26,626 shares during the first quarter of the year.
• Several large institutional investors also increased their stakes in LKQ, with Boston Partners and Ancora Advisors LLC significantly boosting their holdings by 258.0% and 95.7% respectively.
• LKQ recently missed its earnings per share estimate for the quarter, reporting $0.87 compared to the $0.93 consensus expectation, alongside a revenue of $3.64 billion, slightly above analyst estimates.

Caxton Associates LLP acquired a new position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,626 shares of the auto parts company's stock, valued at approximately $1,133,000.

A number of other hedge funds have also recently added to or reduced their stakes in LKQ. Cetera Investment Advisers boosted its stake in LKQ by 21.8% in the 4th quarter. Cetera Investment Advisers now owns 48,938 shares of the auto parts company's stock worth $1,798,000 after buying an additional 8,762 shares during the last quarter. Deutsche Bank AG boosted its stake in LKQ by 42.8% in the 4th quarter. Deutsche Bank AG now owns 1,636,997 shares of the auto parts company's stock worth $60,160,000 after buying an additional 490,502 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in LKQ by 39.6% in the 4th quarter. Ensign Peak Advisors Inc now owns 113,826 shares of the auto parts company's stock worth $4,183,000 after buying an additional 32,300 shares during the last quarter. Janus Henderson Group PLC boosted its stake in LKQ by 36.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,073,932 shares of the auto parts company's stock worth $39,467,000 after buying an additional 285,379 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in LKQ by 1.8% in the 4th quarter. Millennium Management LLC now owns 914,932 shares of the auto parts company's stock worth $33,624,000 after buying an additional 15,859 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of research analyst reports. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research reissued an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research note on Tuesday, July 22nd. Finally, Robert W. Baird decreased 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $49.50.

LKQ Stock Down 1.3%

Shares of NASDAQ:LKQ traded down $0.42 during mid-day trading on Monday, hitting $31.89. 624,482 shares of the company traded hands, compared to its average volume of 2,763,013. The firm has a market cap of $8.20 billion, a P/E ratio of 11.67 and a beta of 0.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. LKQ Corporation has a 52-week low of $28.92 and a 52-week high of $44.82. The firm's 50 day simple moving average is $33.03 and its 200 day simple moving average is $37.76.

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 analysts' expectations of $3.62 billion. LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, equities analysts anticipate that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, August 14th. LKQ's dividend payout ratio (DPR) 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.