LKQ Corporation $LKQ Position Lifted by Vident Advisory LLC

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 raised its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 19.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund 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 reporting period.

Several other hedge funds have also made changes to their positions in LKQ. EdgePoint Investment Group Inc. purchased a new position in LKQ during the fourth quarter worth about $160,339,000. Boston Partners lifted its holdings in shares of LKQ by 258.0% during the 1st quarter. Boston Partners now owns 4,562,625 shares of the auto parts company's stock worth $194,089,000 after acquiring an additional 3,288,048 shares during the period. Eminence Capital LP purchased a new position in shares of LKQ during the 4th quarter worth about $68,944,000. D. E. Shaw & Co. Inc. boosted its position 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 last quarter. Finally, Engine Capital Management LP grew its holdings in LKQ by 263.1% in the fourth quarter. Engine Capital Management LP now owns 1,396,614 shares of the auto parts company's stock valued at $51,326,000 after purchasing an additional 1,012,000 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Stock Up 0.2%

LKQ stock 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 4,161,887. LKQ Corporation has a 52-week low of $28.92 and a 52-week high of $44.82. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 11.86 and a beta of 0.90. 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's 50-day moving average is $33.60 and its two-hundred day moving average is $38.08.

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

LKQ Dividend Announcement

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

Analyst Ratings Changes

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

LKQ 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.