Farther Finance Advisors LLC Sells 1,157 Shares of LKQ Corporation $LKQ

Farther Finance Advisors LLC trimmed its holdings in LKQ Corporation (NASDAQ:LKQ) by 29.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,712 shares of the auto parts company’s stock after selling 1,157 shares during the period. Farther Finance Advisors LLC’s holdings in LKQ were worth $100,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. grew its position in LKQ by 226.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 763 shares in the last quarter. Jacobi Capital Management LLC grew its position in LKQ by 10.2% in the first quarter. Jacobi Capital Management LLC now owns 25,429 shares of the auto parts company’s stock worth $1,082,000 after acquiring an additional 2,359 shares in the last quarter. Focus Partners Wealth grew its position in LKQ by 32.3% in the first quarter. Focus Partners Wealth now owns 198,250 shares of the auto parts company’s stock worth $8,434,000 after acquiring an additional 48,450 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of LKQ by 2,063.5% during the 1st quarter. Woodline Partners LP now owns 337,764 shares of the auto parts company’s stock worth $14,368,000 after buying an additional 322,152 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of LKQ during the 1st quarter worth $1,162,000. 95.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LKQ in a report on Saturday, September 27th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Tuesday, July 22nd. Finally, Robert W. Baird decreased their price objective on shares of LKQ from $48.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, LKQ currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.50.

LKQ Stock Up 0.2%

Shares of LKQ opened at $31.36 on Friday. The company has a 50-day simple moving average of $31.09 and a 200-day simple moving average of $36.59. The firm has a market capitalization of $8.07 billion, a P/E ratio of 11.49 and a beta of 0.84. 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.

LKQ (NASDAQ:LKQ) 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 net margin of 5.04% and a return on equity of 13.85%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, equities research analysts expect that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. LKQ’s dividend payout ratio (DPR) is 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.