Kestra Investment Management LLC Invests $237,000 in LKQ Corporation $LKQ

Kestra Investment Management LLC acquired a new position in shares of LKQ Corporation (NASDAQ:LKQ) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 5,569 shares of the auto parts company’s stock, valued at approximately $237,000.

Several other large investors have also modified their holdings of LKQ. Caitong International Asset Management Co. Ltd acquired a new stake in shares of LKQ in the first quarter worth $30,000. Banque Cantonale Vaudoise acquired a new stake in LKQ during the 1st quarter worth about $40,000. UMB Bank n.a. boosted its position 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 acquired a new stake in LKQ during the 1st quarter worth about $42,000. Finally, Bruce G. Allen Investments LLC boosted its position 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. 95.63% of the stock is owned by institutional investors.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $32.31 on Wednesday. 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 Corporation has a 1 year low of $28.92 and a 1 year high of $44.82. The business has a fifty day simple moving average of $33.40 and a 200 day simple moving average of $37.98. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 11.84 and a beta of 0.90.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data 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 return on equity of 13.85% and a net margin of 5.04%.The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. LKQ’s revenue was down 1.6% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, sell-side analysts predict that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.30 per share. 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 43.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LKQ shares. Wall Street Zen lowered LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Robert W. Baird decreased their price objective on LKQ from $48.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, July 25th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Tuesday, July 22nd. Five investment 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.

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.