River Road Asset Management LLC Trims Position in LKQ Corporation $LKQ

River Road Asset Management LLC cut its stake in shares of LKQ Corporation (NASDAQ:LKQ) by 46.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,842,103 shares of the auto parts company’s stock after selling 1,575,181 shares during the period. River Road Asset Management LLC’s holdings in LKQ were worth $68,176,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in LKQ during the first quarter valued at approximately $30,000. Banque Cantonale Vaudoise bought a new position in LKQ in the 1st quarter valued at $40,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in LKQ by 226.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 763 shares during the period. Brooklyn Investment Group grew its position in shares of LKQ by 91.8% during the 1st quarter. Brooklyn Investment Group now owns 1,197 shares of the auto parts company’s stock valued at $51,000 after purchasing an additional 573 shares in the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of LKQ in the first quarter worth $109,000. 95.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Zacks Research raised LKQ from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Roth Capital reiterated a “buy” rating and set a $43.00 price target (down previously from $46.00) on shares of LKQ in a research report on Monday, November 3rd. Barclays started coverage on LKQ in a report on Tuesday, November 11th. They set an “equal weight” rating and a $33.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of LKQ in a research report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.40.

LKQ Price Performance

Shares of LKQ stock opened at $29.69 on Monday. The firm has a market capitalization of $7.60 billion, a PE ratio of 10.87 and a beta of 0.91. 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 12 month low of $28.42 and a 12 month high of $44.82. The business’s 50-day moving average price is $30.27 and its 200-day moving average price is $33.59.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 30th. The auto parts company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.10. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the previous year, the company posted $0.88 EPS. LKQ’s quarterly revenue was up 1.3% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.150 EPS. Sell-side analysts forecast that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. LKQ’s dividend payout ratio is 44.44%.

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.