Landscape Capital Management L.L.C. Makes New Investment in LKQ Corporation $LKQ

Key Points

• Landscape Capital Management has acquired a new stake in LKQ Corporation by purchasing 101,303 shares valued at approximately $4.3 million in the first quarter.
• Despite mixed analyst ratings, LKQ has a consensus rating of "Buy" with a target price averaging $51.40, although Robert W. Baird has lowered their target price to $42.00.
• LKQ announced a quarterly dividend of $0.30 per share, with an annualized dividend yield of 3.7%, set to be paid on August 28th.

Landscape Capital Management L.L.C. purchased a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 101,303 shares of the auto parts company's stock, valued at approximately $4,309,000.

A number of other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of LKQ by 14.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,003,769 shares of the auto parts company's stock valued at $255,384,000 after buying an additional 771,829 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of LKQ by 4.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,692,421 shares of the auto parts company's stock valued at $199,616,000 after buying an additional 187,713 shares in the last quarter. Boston Partners boosted its holdings in shares of LKQ by 258.0% in the 1st quarter. Boston Partners now owns 4,562,625 shares of the auto parts company's stock valued at $194,089,000 after buying an additional 3,288,048 shares in the last quarter. EdgePoint Investment Group Inc. acquired a new stake in LKQ in the 4th quarter worth approximately $160,339,000. Finally, Northern Trust Corp boosted its stake in LKQ by 9.1% in the 4th quarter. Northern Trust Corp now owns 2,685,613 shares of the auto parts company's stock worth $98,696,000 after purchasing an additional 223,510 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LKQ shares. Robert W. Baird lowered their target price 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. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Barrington Research reiterated an "outperform" rating and issued a $60.00 target price 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 data from MarketBeat, LKQ has an average rating of "Buy" and an average target price of $51.40.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded down $0.47 during trading on Tuesday, hitting $32.16. 1,023,468 shares of the stock traded hands, compared to its average volume of 2,755,101. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 11.78 and a beta of 0.90. The company has a fifty day moving average price of $34.00 and a two-hundred day moving average price of $38.29. 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 posted its 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). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.62 billion. During the same period last year, the firm earned $0.98 earnings per share. LKQ's revenue for the quarter 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 predict that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. LKQ's payout ratio is presently 43.96%.

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.