Sepio Capital LP Increases Position in LKQ Corporation $LKQ

Key Points

• Sepio Capital LP boosted its stake in LKQ Corporation by 57.4%, holding 40,705 shares valued at $1.73 million at the end of the first quarter.
• LKQ Corporation recently reported quarterly earnings of $0.87 per share, missing analyst expectations, and generated $3.64 billion in revenue, a 1.6% decline from the previous year.
• The company declared a quarterly dividend of $0.30, translating to an annualized dividend of $1.20 with a yield of 3.7%, indicating a payout ratio of 43.96%.

Sepio Capital LP grew its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 57.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,705 shares of the auto parts company's stock after acquiring an additional 14,841 shares during the period. Sepio Capital LP's holdings in LKQ were worth $1,732,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of LKQ during the first quarter valued at approximately $30,000. Banque Cantonale Vaudoise bought a new stake in shares of LKQ during the first quarter valued at approximately $40,000. UMB Bank n.a. raised its stake in shares of LKQ by 104.8% during the first quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock valued at $42,000 after acquiring an additional 500 shares in the last quarter. Horizon Financial Services LLC bought a new stake in shares of LKQ during the first quarter valued at approximately $42,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of LKQ by 299.6% during the first quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock valued at $48,000 after acquiring an additional 851 shares in the last quarter. Institutional investors own 95.63% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on LKQ. 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. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price target on shares of LKQ in a research note on Tuesday, July 22nd. Finally, Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, LKQ presently has a consensus rating of "Buy" and a consensus price target of $49.50.

LKQ Stock Down 1.2%

NASDAQ LKQ traded down $0.38 on Friday, hitting $32.54. The stock had a trading volume of 535,941 shares, compared to its average volume of 2,769,854. The business's fifty day moving average price is $33.15 and its 200 day moving average price is $37.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 0.69. LKQ Corporation has a 52-week low of $28.92 and a 52-week high of $44.82. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 11.92 and a beta of 0.90.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results 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). LKQ had a return on equity of 13.85% and a net margin of 5.04%.The firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.62 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. 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 year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. LKQ's payout ratio is 43.96%.

LKQ Company 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.