LKQ Corporation $LKQ Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. reduced its stake in LKQ Corporation by 29.5%, holding 126,558 shares worth $5,384,000 after selling 52,856 shares in the first quarter.
• LKQ's latest earnings report revealed a missed earnings estimate of $0.87 per share, below the consensus of $0.93, and a 1.6% decline in year-over-year revenue.
• The company declared a quarterly dividend of $0.30 per share, representing a dividend yield of 3.9% with a payout ratio of 43.96%.

Candriam S.C.A. cut its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 29.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,558 shares of the auto parts company's stock after selling 52,856 shares during the period. Candriam S.C.A.'s holdings in LKQ were worth $5,384,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of LKQ by 14.8% during the first quarter. Dimensional Fund Advisors LP now owns 6,003,769 shares of the auto parts company's stock valued at $255,384,000 after acquiring an additional 771,829 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of LKQ by 4.2% during the first 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 acquiring an additional 187,713 shares during the last quarter. Boston Partners increased its position in shares of LKQ by 258.0% during the first quarter. Boston Partners now owns 4,562,625 shares of the auto parts company's stock valued at $194,089,000 after acquiring an additional 3,288,048 shares during the last quarter. EdgePoint Investment Group Inc. acquired a new stake in shares of LKQ during the fourth quarter valued at about $160,339,000. Finally, Northern Trust Corp increased its position in shares of LKQ by 9.1% during the fourth quarter. Northern Trust Corp now owns 2,685,613 shares of the auto parts company's stock valued at $98,696,000 after acquiring an additional 223,510 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Price Performance

Shares of LKQ opened at $30.59 on Friday. LKQ Corporation has a fifty-two week low of $28.92 and a fifty-two week high of $44.82. The firm's 50 day moving average price is $34.74 and its 200 day moving average price is $38.56. The company has a market cap of $7.87 billion, a P/E ratio of 11.21 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.

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 for the quarter, missing the consensus estimate of $0.93 by ($0.06). LKQ had a return on equity of 13.85% and a net margin of 5.04%.The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.62 billion. During the same period in the previous year, the company earned $0.98 earnings per share. LKQ's quarterly revenue was down 1.6% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, research analysts forecast 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 will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. LKQ's dividend payout ratio is currently 43.96%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LKQ. 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 downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research note 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 research note on Friday, July 25th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $51.40.

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.

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