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 boosted its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 0.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,514,295 shares of the auto parts company's stock after acquiring an additional 19,645 shares during the quarter. LKQ comprises about 2.1% of Clarkston Capital Partners LLC's investment portfolio, making the stock its 17th biggest position. Clarkston Capital Partners LLC owned 0.97% of LKQ worth $106,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in LKQ by 1.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock worth $799,000 after purchasing an additional 286 shares during the period. MetLife Investment Management LLC raised its stake in shares of LKQ by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock valued at $2,528,000 after buying an additional 352 shares during the last quarter. Wahed Invest LLC raised its stake in shares of LKQ by 6.4% during the 4th quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company's stock valued at $249,000 after buying an additional 405 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of LKQ by 2.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 20,016 shares of the auto parts company's stock valued at $852,000 after buying an additional 405 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in shares of LKQ by 30.2% during the 1st quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock valued at $79,000 after buying an additional 428 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

LKQ Price Performance

NASDAQ:LKQ opened at $30.62 on Thursday. LKQ Corporation has a 52 week low of $28.92 and a 52 week high of $44.82. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $7.88 billion, a PE ratio of 11.22 and a beta of 0.92. The stock's 50-day moving average price is $34.91 and its 200-day moving average price is $38.60.

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

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, August 14th. LKQ's payout ratio is presently 43.96%.

Analysts Set New Price Targets

LKQ has been the subject of a number of recent research reports. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Robert W. Baird reduced their price objective on LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. Finally, Barrington Research restated an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Tuesday, July 22nd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $51.40.

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.

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