LKQ Corporation $LKQ Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management reduced its stake in LKQ Corporation by 13.6%, bringing their total holdings to approximately 2.22 million shares valued at $94.29 million.
• Research firms have adjusted their ratings on LKQ, with Robert W. Baird setting a new price target of $42.00 while Barrington Research maintains an "outperform" rating with a target of $60.00.
• LKQ reported a Q2 EPS of $0.87, falling short of analysts' expectations, though revenue for the quarter reached $3.64 billion, exceeding forecasts.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC reduced its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 13.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,216,553 shares of the auto parts company's stock after selling 350,055 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.86% of LKQ worth $94,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in LKQ by 14.8% during the 1st 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 in the last quarter. Ancora Advisors LLC increased its holdings in LKQ by 95.7% during the 1st quarter. Ancora Advisors LLC now owns 5,477,467 shares of the auto parts company's stock valued at $233,011,000 after acquiring an additional 2,678,964 shares in the last quarter. EdgePoint Investment Group Inc. grew its holdings in shares of LKQ by 12.1% during the first quarter. EdgePoint Investment Group Inc. now owns 4,891,329 shares of the auto parts company's stock worth $208,077,000 after buying an additional 528,350 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings 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 worth $199,616,000 after buying an additional 187,713 shares in the last quarter. Finally, Boston Partners grew its holdings 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 worth $194,089,000 after buying an additional 3,288,048 shares in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LKQ. Barrington Research reiterated an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Tuesday, July 22nd. Wall Street Zen downgraded shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Robert W. Baird lowered 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $49.50.

LKQ Trading Up 0.1%

LKQ stock traded up $0.02 during trading on Thursday, reaching $31.13. The company had a trading volume of 2,247,207 shares, compared to its average volume of 3,980,801. LKQ Corporation has a 12-month low of $28.92 and a 12-month high of $44.82. The stock's 50 day moving average price is $32.44 and its two-hundred day moving average price is $37.53. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 11.40 and a beta of 0.90. 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 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). The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.62 billion. LKQ had a net margin of 5.04% and a return on equity of 13.85%. LKQ's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, equities 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. 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 of this dividend was Thursday, August 14th. LKQ's payout ratio is 43.96%.

About LKQ

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.