Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 25,700 Shares of LKQ Corporation $LKQ

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in LKQ Corporation by 47.1%, now owning 28,886 shares valued at approximately $1.229 million.
• Recent earnings reports revealed that LKQ missed analyst estimates with $0.87 earnings per share, compared to the consensus estimate of $0.93, while revenue was down 1.6% year-over-year.
• LKQ declared a quarterly dividend of $0.30 per share, reflecting an annualized yield of 3.9% and a payout ratio of 43.96%.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 47.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,886 shares of the auto parts company's stock after selling 25,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in LKQ were worth $1,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its position in LKQ by 1.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock worth $799,000 after buying an additional 286 shares during the last quarter. MetLife Investment Management LLC grew 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 purchasing an additional 352 shares during the period. United Capital Financial Advisors LLC grew its stake in shares of LKQ by 6.3% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock valued at $237,000 after purchasing an additional 382 shares during the period. Wahed Invest LLC grew 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 purchasing an additional 405 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew 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 purchasing an additional 405 shares during the period. 95.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

LKQ Price Performance

Shares of LKQ traded up $1.1050 during mid-day trading on Friday, hitting $31.6950. 1,359,660 shares of the stock were exchanged, compared to its average volume of 2,593,144. The firm has a 50-day moving average of $34.74 and a two-hundred day moving average of $38.56. LKQ Corporation has a 52-week low of $28.92 and a 52-week high of $44.82. The company has a market cap of $8.15 billion, a PE ratio of 11.62 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results 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 net margin of 5.04% and a return on equity of 13.85%. The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.62 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business'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 analysts predict that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

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 dividend of $0.30 per share. 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 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.