Comerica Bank Has $5.94 Million Stake in LKQ Corporation $LKQ

Comerica Bank grew its stake in LKQ Corporation (NASDAQ:LKQ) by 14.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 139,703 shares of the auto parts company’s stock after buying an additional 17,725 shares during the period. Comerica Bank’s holdings in LKQ were worth $5,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boothbay Fund Management LLC lifted its holdings in shares of LKQ by 56.2% during the 4th quarter. Boothbay Fund Management LLC now owns 14,580 shares of the auto parts company’s stock worth $536,000 after acquiring an additional 5,244 shares during the period. Aquatic Capital Management LLC lifted its holdings in shares of LKQ by 53.2% during the 4th quarter. Aquatic Capital Management LLC now owns 19,298 shares of the auto parts company’s stock worth $709,000 after acquiring an additional 6,698 shares during the period. Northern Trust Corp lifted its holdings in shares of LKQ by 9.1% during the 4th quarter. Northern Trust Corp now owns 2,685,613 shares of the auto parts company’s stock worth $98,696,000 after acquiring an additional 223,510 shares during the period. AQR Capital Management LLC lifted its holdings in shares of LKQ by 68.7% during the 4th quarter. AQR Capital Management LLC now owns 135,817 shares of the auto parts company’s stock worth $4,971,000 after acquiring an additional 55,324 shares during the period. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of LKQ by 17.4% during the 4th quarter. Rehmann Capital Advisory Group now owns 18,357 shares of the auto parts company’s stock worth $675,000 after acquiring an additional 2,727 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Trading Up 0.5%

Shares of LKQ stock opened at $32.25 on Friday. LKQ Corporation has a 12-month low of $28.92 and a 12-month high of $44.82. The company has a market capitalization of $8.30 billion, a P/E ratio of 11.81 and a beta of 0.92. The firm has a 50-day moving average price of $34.18 and a 200 day moving average price of $38.37. 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) last announced its quarterly 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). 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 the consensus estimate of $3.62 billion. During the same period in the prior year, the business earned $0.98 earnings per share. The company’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 forecast that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, August 14th. LKQ’s dividend payout ratio (DPR) is presently 43.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded 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 price objective on shares of LKQ in a report on Tuesday, July 22nd. Finally, Robert W. Baird reduced 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. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.