Compound Planning Inc. Acquires New Position in LKQ Corporation $LKQ

Key Points

• Compound Planning Inc. acquired a new stake in LKQ Corporation, purchasing 8,158 shares valued at approximately $347,000 in the first quarter.
• LKQ's recent quarterly earnings report indicated $0.87 EPS, which missed estimates, with revenue slightly up at $3.64 billion compared to expectations of $3.62 billion.
• The company recently declared a quarterly dividend of $0.30, representing an annualized yield of 3.8%.

Compound Planning Inc. bought a new stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,158 shares of the auto parts company's stock, valued at approximately $347,000.

Several other institutional investors also recently bought and sold shares of LKQ. Boothbay Fund Management LLC grew its stake in LKQ by 56.2% during the fourth quarter. Boothbay Fund Management LLC now owns 14,580 shares of the auto parts company's stock valued at $536,000 after acquiring an additional 5,244 shares in the last quarter. Aquatic Capital Management LLC grew its stake in LKQ by 53.2% during the fourth quarter. Aquatic Capital Management LLC now owns 19,298 shares of the auto parts company's stock valued at $709,000 after acquiring an additional 6,698 shares in the last quarter. Northern Trust Corp grew its stake in LKQ by 9.1% during the fourth quarter. Northern Trust Corp now owns 2,685,613 shares of the auto parts company's stock valued at $98,696,000 after acquiring an additional 223,510 shares in the last quarter. AQR Capital Management LLC grew its stake in LKQ by 68.7% during the fourth quarter. AQR Capital Management LLC now owns 135,817 shares of the auto parts company's stock valued at $4,971,000 after acquiring an additional 55,324 shares in the last quarter. Finally, Comerica Bank grew its stake in LKQ by 26.6% during the fourth quarter. Comerica Bank now owns 121,978 shares of the auto parts company's stock valued at $4,483,000 after acquiring an additional 25,615 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

LKQ Trading Up 1.1%

Shares of LKQ stock traded up $0.37 during trading on Friday, hitting $32.62. The stock had a trading volume of 3,308,045 shares, compared to its average volume of 4,340,473. The firm's fifty day simple moving average is $34.09 and its 200-day simple moving average is $38.34. The stock has a market cap of $8.39 billion, a PE ratio of 11.95 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 Corporation has a 12 month low of $28.92 and a 12 month high of $44.82.

LKQ (NASDAQ:LKQ - Get Free Report) last released 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 firm had revenue of $3.64 billion during 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%.LKQ's revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, sell-side analysts expect that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. LKQ's dividend payout ratio (DPR) is presently 43.96%.

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.