LKQ Corporation $LKQ Shares Sold by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC has reduced its holdings in LKQ Corporation by 21.9%, selling 140,343 shares and owning 499,723 shares worth approximately $21.26 million as of the last quarter.
• Multiple institutional investors have recently altered their stakes in LKQ, with 95.63% of the company's stock currently held by institutional investors.
• LKQ Corporation reported earnings of $0.87 per share for the last quarter, missing expectations by $0.06, while also announcing a quarterly dividend of $0.30 per share with an annualized yield of 3.7%.

Gotham Asset Management LLC lowered its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 21.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 499,723 shares of the auto parts company's stock after selling 140,343 shares during the period. Gotham Asset Management LLC owned approximately 0.19% of LKQ worth $21,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of LKQ during the 1st quarter worth approximately $30,000. Banque Cantonale Vaudoise purchased a new position in shares of LKQ during the 1st quarter worth approximately $40,000. UMB Bank n.a. boosted its position in shares of LKQ by 104.8% during the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after purchasing an additional 500 shares during the period. Horizon Financial Services LLC purchased a new position in shares of LKQ during the 1st quarter worth approximately $42,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of LKQ by 299.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock worth $48,000 after purchasing an additional 851 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Stock Down 0.9%

NASDAQ:LKQ traded down $0.30 during midday trading on Tuesday, hitting $32.31. 4,801,348 shares of the company were exchanged, compared to its average volume of 2,786,986. The company has a fifty day simple moving average of $33.51 and a 200 day simple moving average of $38.02. LKQ Corporation has a fifty-two week low of $28.92 and a fifty-two week high of $44.82. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $8.31 billion, a PE ratio of 11.84 and a beta of 0.90.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). LKQ had a return on equity of 13.85% and a net margin of 5.04%.The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. LKQ'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 disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. LKQ's payout ratio is currently 43.96%.

Analyst Ratings Changes

A number of research firms recently weighed in on LKQ. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Robert W. Baird lowered their price objective 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. 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, LKQ presently has a consensus rating of "Buy" and an average price target of $51.40.

LKQ Company 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.