Nuveen LLC Makes New Investment in LKQ Corporation $LKQ

Nuveen LLC bought a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 693,226 shares of the auto parts company's stock, valued at approximately $29,490,000. Nuveen LLC owned 0.27% of LKQ as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new stake in LKQ during the 1st quarter worth approximately $321,000. Goodman Financial Corp lifted its stake in shares of LKQ by 2.8% in the first quarter. Goodman Financial Corp now owns 317,305 shares of the auto parts company's stock valued at $13,498,000 after purchasing an additional 8,502 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of LKQ during the 1st quarter valued at approximately $1,618,000. PNC Financial Services Group Inc. raised its holdings in LKQ by 20.0% during the first 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 during the last quarter. Finally, Amalgamated Bank raised its position in LKQ by 1.6% during the first quarter. Amalgamated Bank now owns 50,851 shares of the auto parts company's stock worth $2,163,000 after acquiring an additional 801 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LKQ. Wall Street Zen cut LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Robert W. Baird dropped 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. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research report on Tuesday, July 22nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $51.40.

LKQ Stock Up 0.3%

Shares of LKQ stock traded up $0.1050 during trading hours on Thursday, hitting $30.7250. 989,335 shares of the company's stock traded hands, compared to its average volume of 2,592,821. The stock has a 50 day simple moving average of $34.91 and a 200-day simple moving average of $38.60. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The company has a market cap of $7.91 billion, a PE ratio of 11.25 and a beta of 0.92. LKQ Corporation has a twelve month low of $28.92 and a twelve month high of $44.82.

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 for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter last year, the business earned $0.98 EPS. LKQ's revenue for the quarter was down 1.6% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Equities 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. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, August 14th. LKQ's dividend payout ratio (DPR) is currently 43.96%.

LKQ 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.