Reinhart Partners LLC. Sells 20,960 Shares of 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. cut its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. 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 0.09% of LKQ worth $8,955,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in LKQ during the first quarter valued at about $321,000. Goodman Financial Corp boosted its holdings in LKQ by 2.8% during the 1st quarter. Goodman Financial Corp now owns 317,305 shares of the auto parts company's stock valued at $13,498,000 after acquiring an additional 8,502 shares during the period. Teacher Retirement System of Texas purchased a new position in LKQ in the 1st quarter worth approximately $1,618,000. PNC Financial Services Group Inc. lifted its position in LKQ by 20.0% in the first quarter. PNC Financial Services Group Inc. now owns 65,319 shares of the auto parts company's stock valued at $2,779,000 after purchasing an additional 10,909 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of 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 purchasing an additional 801 shares during the period. Hedge funds and other institutional investors own 95.63% of the company's stock.

Analyst Ratings Changes

LKQ has been the subject of several analyst reports. Robert W. Baird dropped their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research report on Friday, July 25th. Barrington Research reiterated an "outperform" rating and set a $60.00 target price on shares of LKQ in a report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $49.50.

LKQ Stock Down 1.4%

Shares of LKQ traded down $0.45 during trading hours on Friday, hitting $30.68. The company had a trading volume of 6,661,866 shares, compared to its average volume of 3,980,562. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 11.24 and a beta of 0.90. The firm has a fifty day moving average price of $32.28 and a 200-day moving average price of $37.45. 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 quick ratio of 0.69 and a current ratio of 1.81.

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 analysts' consensus estimates of $0.93 by ($0.06). The firm had revenue of $3.64 billion for 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 firm's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, equities research analysts forecast that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

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