LKQ Corporation (NASDAQ:LKQ) Holdings Raised by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC has increased its stake in LKQ Corporation by 208.3%, owning 96,050 shares valued at approximately $4.09 million as of its latest SEC filing.
• As of now, LKQ has a market cap of $7.58 billion, with shares trading around $29.46 and a 52-week range between $28.92 and $44.82.
• LKQ Corporation plans to pay a quarterly dividend of $0.30 per share on August 28th, representing an annualized dividend yield of 4.1%.

Mutual of America Capital Management LLC grew its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 208.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,050 shares of the auto parts company's stock after acquiring an additional 64,891 shares during the period. Mutual of America Capital Management LLC's holdings in LKQ were worth $4,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. grew its stake in LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock worth $204,739,000 after acquiring an additional 1,171,481 shares during the period. Dimensional Fund Advisors LP grew its stake in LKQ by 25.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company's stock worth $192,268,000 after acquiring an additional 1,053,001 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in LKQ in the 4th quarter worth approximately $165,548,000. EdgePoint Investment Group Inc. purchased a new stake in LKQ in the 4th quarter worth approximately $160,339,000. Finally, Northern Trust Corp grew its stake in LKQ by 9.1% in the 4th quarter. Northern Trust Corp now owns 2,685,613 shares of the auto parts company's stock worth $98,696,000 after acquiring an additional 223,510 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Stock Performance

LKQ traded up $0.87 on Tuesday, hitting $30.11. 1,520,337 shares of the company's stock were exchanged, compared to its average volume of 2,571,249. The stock has a fifty day moving average of $36.10 and a two-hundred day moving average of $38.95. LKQ Corporation has a twelve month low of $28.92 and a twelve month high of $44.82. The firm has a market cap of $7.75 billion, a PE ratio of 11.03 and a beta of 0.92. 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 announced its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the previous year, the business posted $0.98 EPS. LKQ's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts anticipate that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. LKQ's dividend payout ratio (DPR) is 43.96%.

Analyst Ratings Changes

A number of analysts recently weighed in on LKQ shares. 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 report on Friday, July 25th. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, LKQ presently has a consensus rating of "Moderate Buy" and an average price target of $51.40.

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.