Northern Trust Corp Sells 68,125 Shares of LKQ Corporation $LKQ

Key Points

• Northern Trust Corp reduced its stake in LKQ Corporation by 2.5%, now holding 2.6 million shares worth approximately $111.3 million.
• LKQ reported a 0.87 EPS for the last quarter, below analysts' expectations of $0.93, while revenue was slightly above expectations at $3.64 billion.
• The company recently declared a quarterly dividend of $0.30 per share, representing an annual yield of 3.8%.

Northern Trust Corp decreased its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,617,488 shares of the auto parts company's stock after selling 68,125 shares during the quarter. Northern Trust Corp owned about 1.01% of LKQ worth $111,348,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LKQ. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 771,829 shares during the period. Boston Partners boosted its holdings in shares of LKQ by 258.0% in the first quarter. Boston Partners now owns 4,562,625 shares of the auto parts company's stock valued at $194,089,000 after buying an additional 3,288,048 shares during the period. EdgePoint Investment Group Inc. acquired a new position in shares of LKQ in the fourth quarter valued at approximately $160,339,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of LKQ by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,648,612 shares of the auto parts company's stock valued at $112,672,000 after buying an additional 75,936 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of LKQ by 6.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,566,608 shares of the auto parts company's stock valued at $94,323,000 after buying an additional 160,298 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Trading Up 0.5%

NASDAQ LKQ traded up $0.16 during trading hours on Thursday, reaching $32.24. The company's stock had a trading volume of 2,070,663 shares, compared to its average volume of 2,755,208. The firm has a fifty day simple moving average of $34.28 and a 200-day simple moving average of $38.41. The stock has a market cap of $8.29 billion, a P/E ratio of 11.81 and a beta of 0.92. LKQ Corporation has a 52 week low of $28.92 and a 52 week high of $44.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 0.69.

LKQ (NASDAQ:LKQ - Get Free Report) last released 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). The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.62 billion. LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Equities 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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, August 14th. LKQ's payout ratio is currently 43.96%.

Wall Street Analysts Forecast Growth

LKQ has been the subject of several research analyst reports. Robert W. Baird reduced their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research report on Tuesday, July 22nd. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, LKQ currently has a consensus rating of "Buy" and a consensus 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.