Sepio Capital LP Buys 14,841 Shares of 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 raised its position in LKQ Corporation (NASDAQ:LKQ - Free Report) by 57.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 40,705 shares of the auto parts company's stock after buying an additional 14,841 shares during the period. Sepio Capital LP's holdings in LKQ were worth $1,732,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in LKQ by 2.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company's stock valued at $1,339,000 after buying an additional 807 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in LKQ in the 1st quarter valued at $278,000. DoubleLine ETF Adviser LP bought a new stake in shares of LKQ during the 1st quarter valued at $283,000. EdgePoint Investment Group Inc. raised its position in shares of LKQ by 12.1% during the 1st quarter. EdgePoint Investment Group Inc. now owns 4,891,329 shares of the auto parts company's stock valued at $208,077,000 after acquiring an additional 528,350 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of LKQ during the 1st quarter valued at $109,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Trading Up 2.7%

LKQ stock traded up $0.87 during midday trading on Thursday, hitting $32.96. 1,559,563 shares of the company's stock were exchanged, compared to its average volume of 2,776,878. The stock's fifty day moving average price is $33.27 and its 200-day moving average price is $37.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. The company has a market cap of $8.48 billion, a PE ratio of 12.07 and a beta of 0.90. LKQ Corporation has a one year low of $28.92 and a one year high of $44.82.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). LKQ had a return on equity of 13.85% and a net margin of 5.04%.The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The company's quarterly revenue was down 1.6% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Research analysts predict that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, August 14th. LKQ's dividend payout ratio is 43.96%.

Analyst Ratings Changes

LKQ has been the subject of several recent research reports. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research 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 reiterated an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Tuesday, July 22nd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "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.