Woodline Partners LP Increases Stock Position in LKQ Corporation $LKQ

Key Points

• Woodline Partners LP increased its stake in LKQ Corporation by 2,063.5%, owning approximately 337,764 shares worth $14.37 million as of its latest SEC filing.
• LKQ reported earnings per share (EPS) of $0.87 for the quarter, falling short of the consensus estimate of $0.93, with revenue at $3.64 billion.
• The company announced a quarterly dividend of $0.30 per share, translating to an annualized yield of 3.7% and a dividend payout ratio of roughly 44%.

Woodline Partners LP increased its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 2,063.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 337,764 shares of the auto parts company's stock after acquiring an additional 322,152 shares during the period. Woodline Partners LP owned approximately 0.13% of LKQ worth $14,368,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in LKQ during the 1st quarter worth approximately $30,000. Banque Cantonale Vaudoise bought a new stake in LKQ during the 1st quarter worth approximately $40,000. UMB Bank n.a. increased its holdings in LKQ by 104.8% during the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after acquiring an additional 500 shares during the period. Horizon Financial Services LLC bought a new stake in LKQ during the 1st quarter worth approximately $42,000. Finally, Bruce G. Allen Investments LLC increased its holdings in LKQ by 299.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock worth $48,000 after acquiring an additional 851 shares during the period. Institutional investors own 95.63% of the company's stock.

LKQ Price Performance

LKQ stock opened at $32.09 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. LKQ Corporation has a 52 week low of $28.92 and a 52 week high of $44.82. The firm's fifty day moving average is $33.27 and its 200 day moving average is $37.94. The firm has a market cap of $8.26 billion, a P/E ratio of 11.75 and a beta of 0.90.

LKQ (NASDAQ:LKQ - Get Free Report) last released 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). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period in the prior year, the business posted $0.98 EPS. LKQ's revenue for the quarter 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 year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a dividend of $0.30 per share. 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 dividend payout ratio (DPR) is currently 43.96%.

Wall Street Analyst Weigh In

A number of research firms recently 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 set a $60.00 target price on shares of LKQ in a report on Tuesday, July 22nd. Finally, Robert W. Baird decreased their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday, July 25th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $51.40.

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.

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