Reinhart Partners LLC. Trims Stock Holdings in LKQ Corporation $LKQ

Key Points

• Reinhart Partners LLC reduced its stake in LKQ Corporation by 8.0%, now holding approximately 241,953 shares worth $8,955,000 after selling 20,960 shares.
• LKQ reported $0.87 earnings per share for the last quarter, missing expectations, with a revenue of $3.64 billion, slightly above analyst predictions of $3.62 billion.
• The company announced a quarterly dividend of $0.30 per share with a current yield of 3.8%, reflecting a payout ratio of 43.96%.

Reinhart Partners LLC. reduced its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,953 shares of the auto parts company's stock after selling 20,960 shares during the quarter. Reinhart Partners LLC. owned about 0.09% of LKQ worth $8,955,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. increased its stake in LKQ by 226.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company's stock valued at $41,000 after purchasing an additional 763 shares during the last quarter. Jacobi Capital Management LLC increased its stake in LKQ by 10.2% in the first quarter. Jacobi Capital Management LLC now owns 25,429 shares of the auto parts company's stock valued at $1,082,000 after purchasing an additional 2,359 shares during the last quarter. Focus Partners Wealth increased its stake in LKQ by 32.3% in the first quarter. Focus Partners Wealth now owns 198,250 shares of the auto parts company's stock valued at $8,434,000 after purchasing an additional 48,450 shares during the last quarter. Woodline Partners LP increased its stake in LKQ by 2,063.5% in the first quarter. Woodline Partners LP now owns 337,764 shares of the auto parts company's stock valued at $14,368,000 after purchasing an additional 322,152 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in LKQ in the first quarter valued at $1,162,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barrington Research reiterated an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Tuesday, July 22nd. Robert W. Baird dropped their price target on LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, LKQ presently has a consensus rating of "Buy" and an average price target of $49.50.

LKQ Stock Down 1.4%

Shares of LKQ stock traded down $0.45 during trading hours on Friday, reaching $30.68. The company had a trading volume of 6,661,866 shares, compared to its average volume of 3,980,562. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. LKQ Corporation has a twelve month low of $28.92 and a twelve month high of $44.82. The company has a market capitalization of $7.89 billion, a P/E ratio of 11.24 and a beta of 0.90. The stock's fifty day simple moving average is $32.28 and its 200 day simple moving average is $37.42.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same quarter last year, the business posted $0.98 EPS. LKQ's quarterly revenue was down 1.6% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, sell-side analysts expect that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. LKQ's dividend payout ratio is currently 43.96%.

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.