Vident Advisory LLC Purchases 8,574 Shares of LKQ Corporation $LKQ

Key Points

• Vident Advisory LLC increased its stake in LKQ Corporation by 19.6%, reaching a total valuation of $2.23 million after acquiring additional shares in the first quarter.
• Several institutions have modified their positions in LKQ, with 95.63% of the stock currently owned by institutional investors and hedge funds.
• The company reported $0.87 EPS for its latest quarter, missing expectations, and set its FY 2025 guidance at 3.00-3.30 EPS.

Vident Advisory LLC increased its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 19.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,347 shares of the auto parts company's stock after acquiring an additional 8,574 shares during the period. Vident Advisory LLC's holdings in LKQ were worth $2,227,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in LKQ by 1.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock worth $799,000 after acquiring an additional 286 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in LKQ by 10.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,062 shares of the auto parts company's stock worth $173,000 after purchasing an additional 379 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in LKQ by 13.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,348 shares of the auto parts company's stock worth $139,000 after purchasing an additional 397 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in LKQ by 2.1% in 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 purchasing an additional 405 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in LKQ by 30.2% in the 1st quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock worth $79,000 after purchasing an additional 428 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

LKQ Stock Up 0.2%

NASDAQ LKQ traded up $0.08 during trading on Friday, reaching $32.38. 1,764,139 shares of the company's stock were exchanged, compared to its average volume of 4,281,694. LKQ Corporation has a fifty-two week low of $28.92 and a fifty-two week high of $44.82. The firm has a market capitalization of $8.33 billion, a PE ratio of 11.86 and a beta of 0.90. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19. The company's fifty day simple moving average is $33.60 and its 200-day simple moving average is $38.11.

LKQ (NASDAQ:LKQ - Get Free Report) last announced 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 previous year, the business posted $0.98 earnings per share. The company's 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. Sell-side analysts predict that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. LKQ's payout ratio 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.