LKQ Corporation $LKQ Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC has reduced its stake in LKQ Corporation by 31.1%, now holding approximately 872,270 shares valued at $36.88 million.
• LKQ Corporation's quarterly earnings were reported at $0.87 EPS, missing analysts' estimates, with a year-over-year revenue decline of 1.6%.
• The company declared a quarterly dividend of $0.30, representing a 3.8% yield, with an ex-dividend date of August 14th.

Hsbc Holdings PLC cut its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 31.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 872,270 shares of the auto parts company's stock after selling 394,499 shares during the period. Hsbc Holdings PLC owned 0.34% of LKQ worth $36,875,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in LKQ by 14.8% in the first quarter. Dimensional Fund Advisors LP now owns 6,003,769 shares of the auto parts company's stock worth $255,384,000 after buying an additional 771,829 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in LKQ by 4.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 4,692,421 shares of the auto parts company's stock worth $199,616,000 after buying an additional 187,713 shares during the period. Boston Partners increased its position in LKQ by 258.0% in the first quarter. Boston Partners now owns 4,562,625 shares of the auto parts company's stock worth $194,089,000 after buying an additional 3,288,048 shares during the period. EdgePoint Investment Group Inc. acquired a new stake in LKQ in the fourth quarter worth $160,339,000. Finally, Northern Trust Corp increased its position in LKQ by 9.1% in the fourth quarter. Northern Trust Corp now owns 2,685,613 shares of the auto parts company's stock worth $98,696,000 after buying an additional 223,510 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Price Performance

Shares of LKQ traded up $0.44 during midday trading on Wednesday, reaching $31.91. The stock had a trading volume of 1,874,411 shares, compared to its average volume of 2,741,336. LKQ Corporation has a 52 week low of $28.92 and a 52 week high of $44.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 0.69. The firm's 50 day moving average price is $34.37 and its 200-day moving average price is $38.45. The company has a market capitalization of $8.21 billion, a P/E ratio of 11.69 and a beta of 0.92.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The business's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Robert W. Baird dropped their target price on 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 lowered LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, 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. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, LKQ presently has an average 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.