Intech Investment Management LLC Sells 167,106 Shares of LKQ Corporation $LKQ

Key Points

• Intech Investment Management LLC reduced its stake in LKQ Corporation by 67.2%, selling over 167,000 shares, and now holds 81,416 shares valued at approximately $3.46 million.
• LKQ's stock experienced a downturn of 1.9%, with an opening price of $32.30 and a market capitalization of $8.31 billion.
• The company announced a quarterly dividend of $0.30 per share, translating to an annualized dividend of $1.20 and a yield of 3.7%.

Intech Investment Management LLC cut its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 67.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,416 shares of the auto parts company's stock after selling 167,106 shares during the period. Intech Investment Management LLC's holdings in LKQ were worth $3,463,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LKQ. Janney Montgomery Scott LLC acquired a new position in shares of LKQ during the 1st quarter valued at $321,000. Goodman Financial Corp grew its stake in shares of LKQ by 2.8% in the 1st quarter. Goodman Financial Corp now owns 317,305 shares of the auto parts company's stock worth $13,498,000 after acquiring an additional 8,502 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of LKQ in the 1st quarter worth $1,618,000. PNC Financial Services Group Inc. grew its stake in shares of LKQ by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 65,319 shares of the auto parts company's stock worth $2,779,000 after acquiring an additional 10,909 shares in the last quarter. Finally, Amalgamated Bank grew its position in LKQ by 1.6% during the first quarter. Amalgamated Bank now owns 50,851 shares of the auto parts company's stock valued at $2,163,000 after buying an additional 801 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Price Performance

Shares of LKQ stock traded up $0.02 during trading on Thursday, hitting $31.13. The company had a trading volume of 2,247,207 shares, compared to its average volume of 3,980,801. 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 is $32.44 and its two-hundred day moving average is $37.53. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 11.40 and a beta of 0.90. LKQ Corporation has a 52 week low of $28.92 and a 52 week high of $44.82.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter last year, the company posted $0.98 earnings per share. The firm'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, analysts predict that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Thursday, August 14th. LKQ's dividend payout ratio (DPR) is presently 43.96%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Robert W. Baird lowered their price target 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. Finally, Barrington Research restated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $49.50.

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.