LKQ Corporation (NASDAQ:LKQ) Shares Sold by Swiss National Bank

Key Points

• The Swiss National Bank decreased its stake in LKQ Corporation by 1.4%, selling 10,600 shares, and now owns about 0.28% of the company.
• Analysts have varied recommendations for LKQ, with target prices ranging from $42.00 to $60.00, while the stock currently has an average rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.30 per share, yielding 4.1%, with a payout ratio of 43.96%.

Swiss National Bank decreased its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 733,100 shares of the auto parts company's stock after selling 10,600 shares during the period. Swiss National Bank owned 0.28% of LKQ worth $31,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of LKQ in the fourth quarter worth $165,548,000. EdgePoint Investment Group Inc. acquired a new stake in shares of LKQ in the fourth quarter worth $160,339,000. Eminence Capital LP acquired a new stake in shares of LKQ in the fourth quarter worth $68,944,000. D. E. Shaw & Co. Inc. increased its stake in shares of LKQ by 336.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,432,724 shares of the auto parts company's stock worth $52,653,000 after acquiring an additional 1,104,431 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of LKQ in the fourth quarter worth $40,363,000. Hedge funds and other institutional investors own 95.63% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on LKQ. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Tuesday, July 22nd. Finally, Robert W. Baird dropped their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $51.40.

LKQ Price Performance

LKQ stock traded down $0.15 during midday trading on Thursday, reaching $31.56. The company had a trading volume of 3,281,901 shares, compared to its average volume of 2,594,530. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 0.69. The firm's fifty day simple moving average is $35.73 and its 200-day simple moving average is $38.84. LKQ Corporation has a 12-month low of $28.92 and a 12-month high of $44.82. The company has a market capitalization of $8.12 billion, a P/E ratio of 11.56 and a beta of 0.92.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. As a group, equities analysts anticipate that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, August 14th. LKQ's dividend payout ratio (DPR) is 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.