26,626 Shares in LKQ Corporation $LKQ Acquired by Caxton Associates LLP

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 bought a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,626 shares of the auto parts company's stock, valued at approximately $1,133,000.

Several other institutional investors have also modified their holdings of LKQ. Cetera Investment Advisers grew its stake in shares of LKQ by 21.8% in the fourth quarter. Cetera Investment Advisers now owns 48,938 shares of the auto parts company's stock worth $1,798,000 after acquiring an additional 8,762 shares in the last quarter. Deutsche Bank AG increased its holdings in LKQ by 42.8% in the fourth quarter. Deutsche Bank AG now owns 1,636,997 shares of the auto parts company's stock valued at $60,160,000 after buying an additional 490,502 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in LKQ by 39.6% in the fourth quarter. Ensign Peak Advisors Inc now owns 113,826 shares of the auto parts company's stock valued at $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 fourth quarter. Janus Henderson Group PLC now owns 1,073,932 shares of the auto parts company's stock valued at $39,467,000 after acquiring an additional 285,379 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in LKQ by 1.8% in the fourth quarter. Millennium Management LLC now owns 914,932 shares of the auto parts company's stock valued at $33,624,000 after acquiring an additional 15,859 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Price Performance

LKQ stock traded down $0.62 during mid-day trading on Friday, reaching $32.30. The company had a trading volume of 1,721,679 shares, compared to its average volume of 4,094,507. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 0.69. The stock's 50-day simple moving average is $33.03 and its 200-day simple moving average is $37.82. LKQ Corporation has a 1 year low of $28.92 and a 1 year high of $44.82. The company has a market capitalization of $8.31 billion, a P/E ratio of 11.83 and a beta of 0.90.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). LKQ had a return on equity of 13.85% and a net margin of 5.04%.The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.62 billion. During the same period last year, the business earned $0.98 earnings per share. The company's revenue for the quarter was down 1.6% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, equities analysts predict that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.