Fuller & Thaler Asset Management Inc. Acquires 187,713 Shares of LKQ Corporation $LKQ

Key Points

• Fuller & Thaler Asset Management Inc. acquired 187,713 additional shares of LKQ Corporation, increasing its holdings by 4.2% to a total of 4,692,421 shares, which represent approximately 0.8% of its portfolio.
• Several institutional investors raised their stakes in LKQ during the 1st quarter, including Korea Investment CORP (up 9.5%) and Brooklyn Investment Group (up 91.8%).
• LKQ reported earnings per share (EPS) of $0.87 for the quarter, missing expectations of $0.93, and announced a quarterly dividend of $0.30 to be paid on August 28th.

Fuller & Thaler Asset Management Inc. increased its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,692,421 shares of the auto parts company's stock after acquiring an additional 187,713 shares during the quarter. LKQ comprises about 0.8% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its 24th biggest holding. Fuller & Thaler Asset Management Inc. owned about 1.82% of LKQ worth $199,616,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LKQ. Barclays PLC increased its stake in shares of LKQ by 8.4% in the 4th quarter. Barclays PLC now owns 534,960 shares of the auto parts company's stock worth $19,658,000 after acquiring an additional 41,542 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of LKQ by 35.0% in the 4th quarter. Guggenheim Capital LLC now owns 17,334 shares of the auto parts company's stock worth $637,000 after acquiring an additional 4,495 shares in the last quarter. United Capital Financial Advisors LLC increased its stake in shares of LKQ by 6.3% in the 4th quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock worth $237,000 after acquiring an additional 382 shares in the last quarter. PEAK6 LLC bought a new position in shares of LKQ in the 4th quarter worth about $680,000. Finally, Marshall Wace LLP bought a new position in shares of LKQ in the 4th quarter worth about $4,994,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Performance

Shares of NASDAQ LKQ traded up $1.25 during trading on Friday, reaching $31.84. 2,271,047 shares of the company traded hands, compared to its average volume of 3,440,101. The firm has a 50 day simple moving average of $34.61 and a 200-day simple moving average of $38.52. 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 stock has a market capitalization of $8.19 billion, a PE ratio of 11.66 and a beta of 0.92. LKQ Corporation has a 52-week low of $28.92 and a 52-week high of $44.82.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.62 billion. LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business's revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Equities research analysts anticipate that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, August 14th. LKQ's dividend payout ratio (DPR) is presently 43.96%.

Analysts Set New Price Targets

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

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.