Hsbc Holdings PLC Has $36.88 Million Stock Position in LKQ Corporation $LKQ

Hsbc Holdings PLC decreased its position in LKQ Corporation (NASDAQ:LKQ) by 31.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 872,270 shares of the auto parts company’s stock after selling 394,499 shares during the period. Hsbc Holdings PLC’s holdings in LKQ were worth $36,875,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LKQ. Caitong International Asset Management Co. Ltd acquired a new position in shares of LKQ in the 1st quarter worth approximately $30,000. Banque Cantonale Vaudoise acquired a new position in shares of LKQ in the 1st quarter worth approximately $40,000. UMB Bank n.a. grew 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 last quarter. Horizon Financial Services LLC bought a new stake in LKQ during the 1st quarter worth approximately $42,000. Finally, Bruce G. Allen Investments LLC grew 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 last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Stock Performance

LKQ stock opened at $31.84 on Friday. The business’s fifty day moving average is $34.61 and its 200-day moving average is $38.52. 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 company has a market cap of $8.19 billion, a P/E ratio of 11.66 and a beta of 0.92. LKQ Corporation has a twelve month low of $28.92 and a twelve month high of $44.82.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.62 billion. LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Equities research analysts forecast that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. LKQ’s dividend payout ratio is 43.96%.

Wall Street Analyst Weigh In

A number of research analysts have commented on LKQ shares. Robert W. Baird decreased their price objective on LKQ from $48.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, July 25th. Wall Street Zen lowered LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Finally, Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Tuesday, July 22nd. 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 an average target price of $51.40.

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.