Russell Investments Group Ltd. Sells 11,244 Shares of LKQ Corporation $LKQ

Key Points

• Russell Investments Group Ltd. has reduced its stake in LKQ Corporation by 1.8%, now owning 619,070 shares valued at approximately $26 million.
• LKQ Corporation reported a quarterly EPS of $0.87, missing consensus estimates by $0.06, with revenue slightly above expectations at $3.64 billion.
• The company announced a quarterly dividend of $0.30 per share, representing an annualized yield of 3.9%, payable on August 28th.

Russell Investments Group Ltd. trimmed its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 619,070 shares of the auto parts company's stock after selling 11,244 shares during the period. Russell Investments Group Ltd. owned 0.24% of LKQ worth $26,311,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of LKQ by 1.5% during 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 acquiring an additional 286 shares in the last quarter. MetLife Investment Management LLC lifted its holdings 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 buying an additional 352 shares during the period. United Capital Financial Advisors LLC lifted its holdings in LKQ by 6.3% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock worth $237,000 after buying an additional 382 shares during the period. Wahed Invest LLC lifted its holdings in LKQ by 6.4% during the 4th quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company's stock worth $249,000 after buying an additional 405 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in LKQ by 2.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 20,016 shares of the auto parts company's stock worth $852,000 after buying an additional 405 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen downgraded LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Tuesday, July 22nd. Finally, Robert W. Baird dropped their price objective on LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $51.40.

LKQ Price Performance

LKQ traded down $0.44 during trading on Wednesday, reaching $30.82. The stock had a trading volume of 1,285,899 shares, compared to its average volume of 2,592,561. The stock has a market cap of $7.93 billion, a PE ratio of 11.28 and a beta of 0.92. 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 Corporation has a one year low of $28.92 and a one year high of $44.82. The business has a 50-day moving average of $35.08 and a 200-day moving average of $38.66.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data 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). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the business posted $0.98 earnings per share. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, equities research analysts anticipate that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders 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 dividend 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.