Banco Bilbao Vizcaya Argentaria S.A. Sells 33,473 Shares of LKQ Corporation $LKQ

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. dramatically reduced its holdings in LKQ Corporation by 84.4%, dropping from 39,667 shares to 6,194 shares valued at $263,000 as of the latest SEC filing.
• LKQ Corporation reported $0.87 earnings per share for the quarter, missing analysts' expectations of $0.93, with a slight 1.6% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.30 per share, reflecting an annualized yield of 3.8% and a payout ratio of approximately 43.96%.

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 84.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,194 shares of the auto parts company's stock after selling 33,473 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in LKQ were worth $263,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of LKQ by 1.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock worth $799,000 after acquiring an additional 286 shares in the last quarter. MetLife Investment Management LLC raised its stake in LKQ by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock valued at $2,528,000 after purchasing an additional 352 shares in the last quarter. Wahed Invest LLC raised its stake in LKQ by 6.4% in the fourth quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 405 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in LKQ by 2.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 20,016 shares of the auto parts company's stock valued at $852,000 after purchasing an additional 405 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in LKQ by 30.2% in the first quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock valued at $79,000 after purchasing an additional 428 shares in the last quarter. Institutional investors own 95.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. 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. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Robert W. Baird cut their target price on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday, July 25th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $51.40.

LKQ Stock Up 1.2%

LKQ stock traded up $0.39 on Friday, hitting $32.64. 1,208,671 shares of the stock traded hands, compared to its average volume of 2,752,606. The business's fifty day simple moving average is $34.18 and its 200 day simple moving average is $38.37. 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 $8.40 billion, a P/E ratio of 11.95 and a beta of 0.92. 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 posted 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). The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.LKQ'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 firm earned $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, sell-side analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

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

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.