LKQ Corporation $LKQ Shares Acquired by Cresset Asset Management LLC

Cresset Asset Management LLC lifted its position in shares of LKQ Corporation (NASDAQ:LKQ) by 25.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,494 shares of the auto parts company’s stock after purchasing an additional 1,697 shares during the period. Cresset Asset Management LLC’s holdings in LKQ were worth $361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LKQ. Dimensional Fund Advisors LP grew its holdings in shares of LKQ by 14.8% during the first quarter. Dimensional Fund Advisors LP now owns 6,003,769 shares of the auto parts company’s stock worth $255,384,000 after buying an additional 771,829 shares during the last quarter. Boston Partners increased its position in LKQ by 258.0% in the 1st quarter. Boston Partners now owns 4,562,625 shares of the auto parts company’s stock valued at $194,089,000 after acquiring an additional 3,288,048 shares during the period. EdgePoint Investment Group Inc. acquired a new position in LKQ in the 4th quarter valued at about $160,339,000. Northern Trust Corp increased its position in LKQ by 9.1% in the 4th quarter. Northern Trust Corp now owns 2,685,613 shares of the auto parts company’s stock valued at $98,696,000 after acquiring an additional 223,510 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in LKQ by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,648,612 shares of the auto parts company’s stock valued at $112,672,000 after acquiring an additional 75,936 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LKQ. 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 report on Friday, July 25th. Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Finally, Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Tuesday, July 22nd. Five equities 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 price target of $51.40.

LKQ Price Performance

Shares of LKQ opened at $31.84 on Monday. LKQ Corporation has a twelve month low of $28.92 and a twelve month high of $44.82. The stock’s 50 day moving average is $34.61 and its two-hundred day moving average is $38.54. The firm has a market capitalization of $8.19 billion, a PE ratio of 11.66 and a beta of 0.92. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data 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). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the prior year, the firm posted $0.98 EPS. LKQ’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. Research analysts anticipate that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

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