Goodman Financial Corp Raises Stake in LKQ Corporation (NASDAQ:LKQ)

Key Points

• Goodman Financial Corp increased its holdings in LKQ Corporation by 2.8%, owning a total of 317,305 shares, which constitutes about 2.9% of its portfolio.
• Several hedge funds made significant investments in LKQ during the fourth quarter, including Fuller & Thaler Asset Management Inc. which purchased a stake worth approximately $165 million.
• LKQ announced a quarterly dividend of $0.30 per share, reflecting an annualized dividend yield of 3.98% and a payout ratio of 43.96%.

Goodman Financial Corp raised its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 317,305 shares of the auto parts company's stock after buying an additional 8,502 shares during the quarter. LKQ accounts for about 2.9% of Goodman Financial Corp's holdings, making the stock its 14th biggest position. Goodman Financial Corp owned approximately 0.12% of LKQ worth $13,498,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of LKQ by 1.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock valued at $799,000 after purchasing an additional 286 shares in the last quarter. Bank of Nova Scotia lifted its holdings in LKQ by 1.0% during the fourth quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company's stock worth $1,257,000 after acquiring an additional 331 shares in the last quarter. MetLife Investment Management LLC increased its stake in LKQ by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock worth $2,528,000 after purchasing an additional 352 shares in the last quarter. United Capital Financial Advisors LLC lifted its holdings in shares of LKQ by 6.3% in the fourth quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock valued at $237,000 after purchasing an additional 382 shares in the last quarter. Finally, Wahed Invest LLC grew its position in LKQ by 6.4% in the fourth quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LKQ shares. Wall Street Zen cut LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Barrington Research restated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Tuesday, July 22nd. Finally, Robert W. Baird decreased their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, LKQ presently has a consensus rating of "Moderate Buy" and an average price target of $51.40.

LKQ Trading Up 0.6%

Shares of NASDAQ:LKQ traded up $0.17 during trading on Friday, reaching $29.64. The company's stock had a trading volume of 3,601,368 shares, compared to its average volume of 3,197,018. The stock has a market capitalization of $7.63 billion, a PE ratio of 10.86 and a beta of 0.92. LKQ Corporation has a 12 month low of $29.02 and a 12 month high of $44.82. The firm's 50 day simple moving average is $37.39 and its two-hundred day simple moving average is $39.33. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $3.64 billion for 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%. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. On average, research analysts predict that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, August 14th. LKQ's dividend payout ratio (DPR) 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.