Headlands Technologies LLC Sells 50,792 Shares of LKQ Corporation (NASDAQ:LKQ)

Key Points

• Headlands Technologies LLC reduced its stake in LKQ Corporation by 60.1%, holding 33,689 shares worth approximately $1.43 million at the end of the last reporting period.
• Wall Street analysts have varied ratings for LKQ, with one firm downgrading it from a "buy" to a "hold," while the consensus rating remains a "Moderate Buy" with a target price of $51.40.
• LKQ announced a quarterly dividend of $0.30 per share, reflecting a 4.0% dividend yield, with a payout ratio of 43.96%.

Headlands Technologies LLC lessened its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 60.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,689 shares of the auto parts company's stock after selling 50,792 shares during the quarter. Headlands Technologies LLC's holdings in LKQ were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of LKQ in the 1st quarter valued at about $40,000. UMB Bank n.a. grew 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 buying an additional 500 shares during the period. Horizon Financial Services LLC acquired a new stake in shares of LKQ during the 1st quarter worth approximately $42,000. Bruce G. Allen Investments LLC grew 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 buying an additional 851 shares during the period. Finally, Whittier Trust Co. grew its position in shares of LKQ by 70.9% during the 1st quarter. Whittier Trust Co. now owns 1,707 shares of the auto parts company's stock worth $73,000 after buying an additional 708 shares during the period. Institutional investors own 95.63% of the company's stock.

LKQ Trading Up 3.0%

NASDAQ:LKQ traded up $0.87 on Tuesday, reaching $30.11. The company's stock had a trading volume of 833,219 shares, compared to its average volume of 2,568,527. 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. The firm has a market cap of $7.75 billion, a PE ratio of 11.02 and a beta of 0.92. The business's 50-day moving average price is $36.10 and its two-hundred day moving average price is $38.95.

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 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 company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business's quarterly revenue was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. LKQ's payout ratio is presently 43.96%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barrington Research reiterated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Tuesday, July 22nd. Robert W. Baird lowered 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. Finally, Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.