LKQ Corporation $LKQ Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in LKQ Corporation by 14.8%, acquiring an additional 771,829 shares, bringing its total ownership to approximately 6 million shares valued at $255.4 million.
• LKQ Corporation recently reported earnings of $0.87 per share, missing analysts' expectations, and had a revenue of $3.64 billion for the quarter, down 1.6% year-over-year.
• The company declared a quarterly dividend of $0.30 per share, with an annualized yield of 3.9%, and has institutional investors holding about 95.63% of its stock.

Dimensional Fund Advisors LP raised its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 14.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,003,769 shares of the auto parts company's stock after purchasing an additional 771,829 shares during the quarter. Dimensional Fund Advisors LP owned 2.33% of LKQ worth $255,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of LKQ during the 1st quarter worth approximately $30,000. Banque Cantonale Vaudoise purchased a new stake in shares of LKQ during the 1st quarter worth approximately $40,000. UMB Bank n.a. boosted its stake in shares of LKQ by 104.8% during the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after acquiring an additional 500 shares in the last quarter. Horizon Financial Services LLC purchased a new stake in shares of LKQ during the 1st quarter worth approximately $42,000. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of LKQ by 299.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock worth $48,000 after acquiring an additional 851 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LKQ shares. 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 set 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. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $51.40.

LKQ Trading Up 4.1%

Shares of LKQ stock traded up $1.25 during trading hours on Friday, reaching $31.84. 2,271,047 shares of the company's stock were exchanged, compared to its average volume of 3,440,101. LKQ Corporation has a 52-week low of $28.92 and a 52-week high of $44.82. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 11.66 and a beta of 0.92. The company has a fifty day moving average of $34.61 and a 200-day moving average of $38.52. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Sell-side analysts forecast that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently declared 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 3.8%. The ex-dividend date is Thursday, August 14th. LKQ's dividend payout ratio is currently 43.96%.

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.