Ashton Thomas Private Wealth LLC Has $943,000 Stake in LKQ Corporation $LKQ

Key Points

• Ashton Thomas Private Wealth LLC has significantly reduced its stake in LKQ Corporation by 72.3%, now holding 22,161 shares worth approximately $943,000 after selling 57,933 shares.
• LKQ reported $0.87 EPS for its latest quarter, missing the consensus estimate of $0.93, while its revenue was $3.64 billion, slightly exceeding expectations.
• The company announced a quarterly dividend of $0.30 per share, representing an annual yield of 3.7% and a payout ratio of 43.96%.

Ashton Thomas Private Wealth LLC reduced its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 72.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,161 shares of the auto parts company's stock after selling 57,933 shares during the period. Ashton Thomas Private Wealth LLC's holdings in LKQ were worth $943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LKQ. Boston Partners lifted its holdings in LKQ by 258.0% during the 1st quarter. Boston Partners now owns 4,562,625 shares of the auto parts company's stock worth $194,089,000 after purchasing an additional 3,288,048 shares during the last quarter. Ancora Advisors LLC lifted its holdings in LKQ by 95.7% during the 1st quarter. Ancora Advisors LLC now owns 5,477,467 shares of the auto parts company's stock worth $233,011,000 after purchasing an additional 2,678,964 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in LKQ during the 1st quarter worth approximately $42,790,000. Dimensional Fund Advisors LP increased its stake in LKQ by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,003,769 shares of the auto parts company's stock worth $255,384,000 after acquiring an additional 771,829 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in LKQ by 48.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,172,272 shares of the auto parts company's stock worth $92,408,000 after acquiring an additional 711,077 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Price Performance

Shares of LKQ traded down $0.03 during midday trading on Tuesday, hitting $31.52. The company's stock had a trading volume of 2,581,832 shares, compared to its average volume of 4,030,111. LKQ Corporation has a one year low of $28.92 and a one year high of $44.82. The company's fifty day simple moving average is $32.76 and its two-hundred day simple moving average is $37.65. 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 has a market capitalization of $8.11 billion, a price-to-earnings ratio of 11.55 and a beta of 0.90.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly 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). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The company's revenue for the quarter was down 1.6% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, equities analysts expect that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued 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 3.8%. LKQ's dividend payout ratio (DPR) is 43.96%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research restated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Tuesday, July 22nd. Finally, Robert W. Baird lowered their price objective on LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, LKQ presently has an average rating of "Buy" and an average target price of $49.50.

About LKQ

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.