Neuberger Berman Group LLC Buys 13,781 Shares of LKQ Corporation $LKQ

Key Points

• Neuberger Berman Group LLC increased its stake in LKQ Corporation by 162% in Q1, owning 22,289 shares after purchasing an additional 13,781 shares, valued at approximately $948,000.
• Wall Street analysts have mixed ratings on LKQ, with a target price range of $42 to $60, while the stock is currently rated as a "Moderate Buy" with a consensus target price of $51.40.
• LKQ announced a quarterly dividend of $0.30 per share, yielding 3.9%, with a payout ratio of 43.96%, scheduled to be paid on August 28th.

Neuberger Berman Group LLC increased its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 162.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,289 shares of the auto parts company's stock after acquiring an additional 13,781 shares during the period. Neuberger Berman Group LLC's holdings in LKQ were worth $948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in LKQ in the 1st quarter worth about $321,000. Goodman Financial Corp grew its position in LKQ by 2.8% in the 1st quarter. Goodman Financial Corp now owns 317,305 shares of the auto parts company's stock worth $13,498,000 after purchasing an additional 8,502 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in LKQ in the 1st quarter worth about $1,618,000. PNC Financial Services Group Inc. grew its position in LKQ by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 65,319 shares of the auto parts company's stock worth $2,779,000 after purchasing an additional 10,909 shares in the last quarter. Finally, Amalgamated Bank grew its position in LKQ by 1.6% in the 1st quarter. Amalgamated Bank now owns 50,851 shares of the auto parts company's stock worth $2,163,000 after purchasing an additional 801 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barrington Research reissued an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Tuesday, July 22nd. Finally, Robert W. Baird reduced their target price 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. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $51.40.

LKQ Stock Performance

LKQ traded down $0.44 on Wednesday, hitting $30.82. The company's stock had a trading volume of 1,285,899 shares, compared to its average volume of 2,592,561. The company's 50 day simple moving average is $35.08 and its 200-day simple moving average is $38.66. The firm has a market cap of $7.93 billion, a P/E ratio of 11.28 and a beta of 0.92. LKQ Corporation has a 12 month low of $28.92 and a 12 month high of $44.82. The company has a quick ratio of 0.69, a current ratio of 1.81 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 the consensus estimate of $3.62 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Analysts forecast that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The firm 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 yield of 3.9%. The ex-dividend date is Thursday, August 14th. LKQ's dividend payout ratio (DPR) is presently 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.