Clarkston Capital Partners LLC Buys 19,645 Shares of LKQ Corporation $LKQ

Key Points

• Clarkston Capital Partners LLC has increased its stake in LKQ Corporation by 0.8%, now holding 2,514,295 shares valued at approximately $106.96 million, making it the 17th largest position in their portfolio.
• LKQ reported a Q2 earnings miss with an EPS of $0.87, falling short of estimates by $0.06, while revenue was slightly above expectations at $3.64 billion.
• The company has declared a $0.30 quarterly dividend, reflecting a 3.9% yield, with an ex-dividend date set for August 14th.

Clarkston Capital Partners LLC increased its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,514,295 shares of the auto parts company's stock after buying an additional 19,645 shares during the quarter. LKQ accounts for approximately 2.1% of Clarkston Capital Partners LLC's holdings, making the stock its 17th biggest position. Clarkston Capital Partners LLC owned approximately 0.97% of LKQ worth $106,958,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Channing Capital Management LLC purchased a new position in shares of LKQ during the 1st quarter valued at $10,658,000. CW Advisors LLC lifted its stake in shares of LKQ by 2.5% in the first quarter. CW Advisors LLC now owns 117,548 shares of the auto parts company's stock worth $5,000,000 after buying an additional 2,877 shares during the last quarter. Erste Asset Management GmbH boosted its holdings in LKQ by 1.0% during the first quarter. Erste Asset Management GmbH now owns 1,270,642 shares of the auto parts company's stock valued at $53,835,000 after acquiring an additional 12,043 shares during the period. Credit Agricole S A grew its holdings in LKQ by 1.0% in the 1st quarter. Credit Agricole S A now owns 96,310 shares of the auto parts company's stock valued at $4,097,000 after buying an additional 945 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in LKQ by 0.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 148,979 shares of the auto parts company's stock valued at $6,337,000 after purchasing an additional 815 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on LKQ. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Robert W. Baird dropped their price objective on 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 restated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Tuesday, July 22nd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $51.40.

LKQ Stock Down 0.3%

LKQ stock traded down $0.10 during trading hours on Tuesday, reaching $31.61. 1,351,705 shares of the stock were exchanged, compared to its average volume of 2,591,665. The firm's 50-day moving average is $34.49 and its 200-day moving average is $38.50. LKQ Corporation has a 12 month low of $28.92 and a 12 month high of $44.82. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 11.58 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 0.69.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). LKQ had a return on equity of 13.85% and a net margin of 5.04%.The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm's quarterly revenue 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 research analysts expect that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.20 annualized dividend and a yield of 3.8%. LKQ's payout ratio is 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.