Jacobi Capital Management LLC Buys 2,359 Shares of LKQ Corporation $LKQ

Jacobi Capital Management LLC increased its stake in LKQ Corporation (NASDAQ:LKQ) by 10.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 25,429 shares of the auto parts company’s stock after purchasing an additional 2,359 shares during the quarter. Jacobi Capital Management LLC’s holdings in LKQ were worth $1,082,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of LKQ by 14.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,003,769 shares of the auto parts company’s stock valued at $255,384,000 after buying an additional 771,829 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of LKQ by 95.7% in the 1st quarter. Ancora Advisors LLC now owns 5,477,467 shares of the auto parts company’s stock valued at $233,011,000 after buying an additional 2,678,964 shares during the last quarter. EdgePoint Investment Group Inc. boosted its holdings in shares of LKQ by 12.1% in the 1st quarter. EdgePoint Investment Group Inc. now owns 4,891,329 shares of the auto parts company’s stock valued at $208,077,000 after buying an additional 528,350 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of LKQ by 4.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,692,421 shares of the auto parts company’s stock valued at $199,616,000 after buying an additional 187,713 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of LKQ by 258.0% in the 1st quarter. Boston Partners now owns 4,562,625 shares of the auto parts company’s stock valued at $194,089,000 after buying an additional 3,288,048 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Up 2.6%

LKQ opened at $32.92 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19. The stock has a market cap of $8.47 billion, a PE ratio of 12.06 and a beta of 0.90. The stock’s fifty day simple moving average is $33.15 and its 200 day simple moving average is $37.88. LKQ Corporation has a 1-year low of $28.92 and a 1-year high of $44.82.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). The firm 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 quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, research analysts expect that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.20 annualized dividend and a yield of 3.6%. LKQ’s dividend payout ratio (DPR) is presently 43.96%.

Analysts Set New Price Targets

LKQ has been the subject of several recent analyst reports. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Tuesday, July 22nd. Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, Robert W. Baird dropped their price target on LKQ from $48.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, July 25th. Four equities research 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 $49.50.

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.