Focus Partners Wealth Purchases 48,450 Shares of LKQ Corporation $LKQ

Key Points

• Focus Partners Wealth increased its stake in LKQ Corporation by 32.3% during the first quarter, owning approximately 0.08% of the company worth $8.43 million.
• LKQ Corporation recently reported an EPS of $0.87 for the last quarter, falling short of estimates, while its revenue was $3.64 billion, slightly exceeding expectations.
• The company has declared a quarterly dividend of $0.30 per share, translating to an annualized yield of 3.7% with a payout ratio of 43.96%.

Focus Partners Wealth increased its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 32.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,250 shares of the auto parts company's stock after acquiring an additional 48,450 shares during the period. Focus Partners Wealth owned about 0.08% of LKQ worth $8,434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LKQ. Cambridge Investment Research Advisors Inc. boosted its position in shares of 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 acquiring an additional 286 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of LKQ by 10.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,062 shares of the auto parts company's stock valued at $173,000 after purchasing an additional 379 shares during the last quarter. Smartleaf Asset Management LLC increased its position in LKQ by 13.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,348 shares of the auto parts company's stock worth $139,000 after purchasing an additional 397 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in 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 worth $852,000 after purchasing an additional 405 shares in the last quarter. Finally, Private Trust Co. NA increased its position in LKQ by 30.2% during the 1st quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock worth $79,000 after purchasing an additional 428 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LKQ shares. Robert W. Baird decreased their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research report on Friday, July 25th. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Barrington Research restated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $49.50.

LKQ Stock Up 0.1%

NASDAQ:LKQ traded up $0.02 during trading hours on Thursday, reaching $31.13. The company had a trading volume of 2,247,207 shares, compared to its average volume of 3,980,801. 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 firm has a market cap of $8.01 billion, a price-to-earnings ratio of 11.40 and a beta of 0.90. The business's 50-day simple moving average is $32.44 and its two-hundred day simple moving average is $37.53. LKQ Corporation has a twelve month low of $28.92 and a twelve month high of $44.82.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share 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 during the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the business posted $0.98 earnings per share. The firm'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 expect that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, August 14th. LKQ's dividend payout ratio (DPR) 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.