Fuller & Thaler Asset Management Inc. Grows Stock Holdings in 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. grew its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,692,421 shares of the auto parts company's stock after buying an additional 187,713 shares during the quarter. LKQ accounts for 0.8% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 24th largest position. Fuller & Thaler Asset Management Inc. owned about 1.82% of LKQ worth $199,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in LKQ in the first quarter worth approximately $321,000. Goodman Financial Corp boosted its holdings in LKQ by 2.8% in the first quarter. Goodman Financial Corp now owns 317,305 shares of the auto parts company's stock worth $13,498,000 after purchasing an additional 8,502 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in LKQ in the first quarter worth approximately $1,618,000. PNC Financial Services Group Inc. boosted its holdings in LKQ by 20.0% in the first quarter. PNC Financial Services Group Inc. now owns 65,319 shares of the auto parts company's stock worth $2,779,000 after purchasing an additional 10,909 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in LKQ by 1.6% in the first quarter. Amalgamated Bank now owns 50,851 shares of the auto parts company's stock worth $2,163,000 after purchasing an additional 801 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Stock Performance

Shares of LKQ stock traded up $1.25 on Friday, hitting $31.84. 2,270,980 shares of the company's stock were exchanged, compared to its average volume of 2,599,219. The company has a 50-day simple moving average of $34.74 and a 200-day simple moving average of $38.56. 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 1 year low of $28.92 and a 1 year high of $44.82. 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 issued 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). The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The company's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. 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 EPS for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. LKQ's payout ratio is 43.96%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Barrington Research reiterated 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 dropped their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price 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.