Erste Asset Management GmbH Raises Holdings in LKQ Corporation $LKQ

Key Points

• Erste Asset Management increased its holdings in LKQ Corporation by 1.0%, bringing its total ownership to approximately 1.27 million shares valued at $53.8 million according to recent SEC filings.
• LKQ Corporation reported Q2 earnings of $0.87 per share, falling short of analysts' expectations of $0.93, with revenue of $3.64 billion.
• The company announced a quarterly dividend of $0.30, resulting in an annualized yield of 3.8%, with a payout ratio of 43.96%.

Erste Asset Management GmbH boosted its position in LKQ Corporation (NASDAQ:LKQ - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,270,642 shares of the auto parts company's stock after buying an additional 12,043 shares during the period. Erste Asset Management GmbH owned approximately 0.49% of LKQ worth $53,835,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LKQ. Caitong International Asset Management Co. Ltd bought a new position in shares of LKQ in the 1st quarter worth about $30,000. Banque Cantonale Vaudoise bought a new stake in LKQ in the first quarter worth approximately $40,000. UMB Bank n.a. increased its holdings in LKQ by 104.8% in the first 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 in the last quarter. Horizon Financial Services LLC acquired a new position in LKQ in the first quarter valued at approximately $42,000. Finally, Bruce G. Allen Investments LLC boosted its holdings 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 in the last quarter. Institutional investors own 95.63% of the company's stock.

LKQ Stock Performance

LKQ stock traded down $0.0750 during midday trading on Monday, hitting $31.7650. The company's stock had a trading volume of 841,541 shares, compared to its average volume of 2,587,929. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 11.62 and a beta of 0.92. 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 stock's 50-day moving average price is $34.61 and its 200 day moving average price is $38.54. LKQ Corporation has a 1 year low of $28.92 and a 1 year high of $44.82.

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

LKQ Announces Dividend

The business also recently announced 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. This represents a $1.20 dividend on an annualized basis and a 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

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