Landscape Capital Management L.L.C. Buys Shares of 101,303 LKQ Corporation $LKQ

Landscape Capital Management L.L.C. purchased a new stake in LKQ Corporation (NASDAQ:LKQ) during the first quarter, according to its most recent filing with the SEC. The firm purchased 101,303 shares of the auto parts company’s stock, valued at approximately $4,309,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LKQ. Earnest Partners LLC lifted its position in LKQ by 8.9% during the 1st quarter. Earnest Partners LLC now owns 1,166,788 shares of the auto parts company’s stock worth $49,635,000 after acquiring an additional 95,439 shares during the period. B. Metzler seel. Sohn & Co. AG raised its holdings in LKQ by 8.2% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 39,650 shares of the auto parts company’s stock worth $1,687,000 after purchasing an additional 2,990 shares during the period. Redwood Investment Management LLC acquired a new position in LKQ in the 1st quarter worth about $1,670,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in LKQ by 72.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 113,585 shares of the auto parts company’s stock worth $4,832,000 after purchasing an additional 47,905 shares during the period. Finally, Comerica Bank increased its stake in LKQ by 14.5% during the 1st quarter. Comerica Bank now owns 139,703 shares of the auto parts company’s stock worth $5,943,000 after buying an additional 17,725 shares in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. 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 report on Friday, July 25th. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Tuesday, July 22nd. Finally, Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, LKQ presently has a consensus rating of “Buy” and an average target price of $51.40.

LKQ Stock Performance

NASDAQ LKQ opened at $32.08 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The firm has a market cap of $8.25 billion, a P/E ratio of 11.75 and a beta of 0.92. LKQ Corporation has a 52-week low of $28.92 and a 52-week high of $44.82. The business’s 50-day moving average price is $34.28 and its 200 day moving average price is $38.41.

LKQ (NASDAQ:LKQ) last released 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 business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. 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 business also recently disclosed 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 dividend yield of 3.7%. The ex-dividend date is Thursday, August 14th. LKQ’s payout ratio is currently 43.96%.

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.