Erste Asset Management GmbH Acquires 12,043 Shares of 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 raised its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 1.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,270,642 shares of the auto parts company's stock after purchasing an additional 12,043 shares during the period. Erste Asset Management GmbH owned approximately 0.49% of LKQ worth $53,835,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LKQ. Guggenheim Capital LLC boosted its stake in LKQ by 35.0% during the 4th quarter. Guggenheim Capital LLC now owns 17,334 shares of the auto parts company's stock valued at $637,000 after purchasing an additional 4,495 shares during the last quarter. United Capital Financial Advisors LLC boosted its stake in LKQ by 6.3% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock valued at $237,000 after purchasing an additional 382 shares during the last quarter. Marshall Wace LLP acquired a new position in LKQ during the 4th quarter valued at about $4,994,000. Dimensional Fund Advisors LP boosted its stake in LKQ by 25.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company's stock valued at $192,268,000 after purchasing an additional 1,053,001 shares during the last quarter. Finally, Capital World Investors boosted its stake in LKQ by 28.4% during the 4th quarter. Capital World Investors now owns 1,057,102 shares of the auto parts company's stock valued at $38,848,000 after purchasing an additional 234,045 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded up $1.25 during mid-day trading on Friday, reaching $31.84. The company had a trading volume of 2,271,047 shares, compared to its average volume of 3,440,101. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 11.66 and a beta of 0.92. The company's 50-day moving average price is $34.61 and its 200-day moving average price is $38.52. LKQ Corporation has a one year low of $28.92 and a one year high of $44.82.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 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 the consensus estimate of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, equities research analysts anticipate that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently declared 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 of this dividend is Thursday, August 14th. LKQ's payout ratio is 43.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barrington Research reissued an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Tuesday, July 22nd. Finally, 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. Five research 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 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.