APG Asset Management N.V. Sells 1,800 Shares of LKQ Corporation $LKQ

APG Asset Management N.V. cut its holdings in shares of LKQ Corporation (NASDAQ:LKQ) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,100 shares of the auto parts company’s stock after selling 1,800 shares during the period. APG Asset Management N.V.’s holdings in LKQ were worth $5,636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LKQ. Boothbay Fund Management LLC lifted its stake in LKQ by 56.2% during the fourth quarter. Boothbay Fund Management LLC now owns 14,580 shares of the auto parts company’s stock worth $536,000 after purchasing an additional 5,244 shares during the last quarter. Aquatic Capital Management LLC lifted its stake in shares of LKQ by 53.2% in the 4th quarter. Aquatic Capital Management LLC now owns 19,298 shares of the auto parts company’s stock valued at $709,000 after acquiring an additional 6,698 shares during the last quarter. Northern Trust Corp lifted its stake in shares of 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 last quarter. AQR Capital Management LLC lifted its stake in shares of LKQ by 68.7% in the 4th quarter. AQR Capital Management LLC now owns 135,817 shares of the auto parts company’s stock valued at $4,971,000 after acquiring an additional 55,324 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of LKQ by 26.6% in the 4th quarter. Comerica Bank now owns 121,978 shares of the auto parts company’s stock valued at $4,483,000 after acquiring an additional 25,615 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Down 0.7%

Shares of NASDAQ:LKQ opened at $31.47 on Wednesday. The firm has a market cap of $8.10 billion, a P/E ratio of 11.53 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 Corporation has a 12-month low of $28.92 and a 12-month high of $44.82. The business has a fifty day simple moving average of $34.37 and a 200 day simple moving average of $38.45.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share (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 the consensus estimate of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Analysts predict that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, August 14th. LKQ’s dividend payout ratio (DPR) is currently 43.96%.

Wall Street Analysts Forecast Growth

LKQ has been the subject of a number of research reports. Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Robert W. Baird dropped their price target on LKQ from $48.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, July 25th. Finally, Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Tuesday, July 22nd. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, LKQ currently has a consensus rating of “Buy” and a consensus target price 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.