Wellington Management Group LLP Sells 93,654 Shares of LKQ Corporation $LKQ

Key Points

• Wellington Management Group LLP reduced its stake in LKQ Corporation by 6.7%, selling 93,654 shares to hold approximately 1.3 million shares worth $55.3 million.
• Analysts have given LKQ varied ratings; while Barrington Research maintained an "outperform" rating with a $60 target, Robert W. Baird lowered its target from $48 to $42.
• LKQ is paying a quarterly dividend of $0.30 on August 28th, resulting in an annual yield of 3.8% based on a payout ratio of 43.96%.

Wellington Management Group LLP lessened its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,300,984 shares of the auto parts company's stock after selling 93,654 shares during the quarter. Wellington Management Group LLP owned approximately 0.50% of LKQ worth $55,344,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its position in LKQ by 1.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock worth $799,000 after buying an additional 286 shares during the period. MetLife Investment Management LLC increased its position in LKQ by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock worth $2,528,000 after buying an additional 352 shares during the period. Wahed Invest LLC increased its position in LKQ by 6.4% during the 4th quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company's stock worth $249,000 after buying an additional 405 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in LKQ by 2.1% during 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 buying an additional 405 shares during the period. Finally, Private Trust Co. NA increased its position in LKQ by 30.2% during the 1st quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock worth $79,000 after buying an additional 428 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LKQ. Barrington Research reissued an "outperform" rating and set a $60.00 target price on shares of LKQ in a report on Tuesday, July 22nd. 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. Finally, Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $51.40.

LKQ Trading Up 1.1%

Shares of LKQ stock traded up $0.37 during mid-day trading on Friday, reaching $32.62. 3,308,045 shares of the stock traded hands, compared to its average volume of 4,340,473. The stock's fifty day simple moving average is $34.09 and its two-hundred day simple moving average is $38.34. LKQ Corporation has a 1-year low of $28.92 and a 1-year high of $44.82. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 11.95 and a beta of 0.92. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results 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 net margin of 5.04% and a return on equity of 13.85%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The business'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. On average, research analysts anticipate that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid 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 dividend payout ratio (DPR) is presently 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.