Dimensional Fund Advisors LP Grows Stock Position in LKQ Corporation $LKQ

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

Several other large investors also recently bought and sold shares of LKQ. Caitong International Asset Management Co. Ltd acquired a new stake in LKQ in the first quarter valued at $30,000. Banque Cantonale Vaudoise acquired a new stake in LKQ in the first quarter valued at $40,000. UMB Bank n.a. grew its holdings in LKQ by 104.8% in the first quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 500 shares during the last quarter. Horizon Financial Services LLC acquired a new stake in LKQ in the first quarter valued at $42,000. Finally, Bruce G. Allen Investments LLC grew its holdings in LKQ by 299.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock valued at $48,000 after purchasing an additional 851 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

Wall Street Analyst Weigh In

LKQ has been the topic of several research reports. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Robert W. Baird lowered their target price on LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday, July 25th. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 target price on shares of LKQ in a report on Tuesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $51.40.

LKQ Price Performance

Shares of NASDAQ:LKQ traded up $1.25 on Friday, hitting $31.84. The company had a trading volume of 2,271,047 shares, compared to its average volume of 3,440,101. 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 Corporation has a 52-week low of $28.92 and a 52-week high of $44.82. The business has a 50 day moving average of $34.61 and a 200 day moving average of $38.53. The company has a market cap of $8.19 billion, a PE ratio of 11.66 and a beta of 0.92.

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 (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.62 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The firm's revenue was down 1.6% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, equities analysts anticipate that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

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