Gotham Asset Management LLC Sells 140,343 Shares of LKQ Corporation $LKQ

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 decreased its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 21.9% during 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 about 0.19% of LKQ worth $21,258,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its holdings in shares of 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. Northwestern Mutual Wealth Management Co. boosted 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 in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of LKQ by 13.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,348 shares of the auto parts company's stock valued at $139,000 after purchasing an additional 397 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of LKQ by 2.1% in 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 in the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of LKQ by 30.2% in the 1st quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock valued at $79,000 after purchasing an additional 428 shares in the last quarter. Institutional investors own 95.63% of the company's stock.

LKQ Stock Down 1.0%

Shares of LKQ stock traded down $0.32 during trading on Wednesday, hitting $32.00. The company's stock had a trading volume of 839,815 shares, compared to its average volume of 2,775,054. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. The company has a fifty day simple moving average of $33.40 and a two-hundred day simple moving average of $37.98. The company has a market capitalization of $8.23 billion, a PE ratio of 11.73 and a beta of 0.90. 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 issued its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The firm's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Equities research analysts predict that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, August 14th. LKQ's dividend payout ratio (DPR) is presently 43.96%.

Analyst Ratings Changes

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

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.