Curbstone Financial Management Corp Has $435,000 Stock Position in LKQ Corporation $LKQ

Curbstone Financial Management Corp raised its stake in LKQ Corporation (NASDAQ:LKQ) by 15.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,750 shares of the auto parts company’s stock after buying an additional 1,580 shares during the period. Curbstone Financial Management Corp’s holdings in LKQ were worth $435,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in LKQ in the first quarter valued at approximately $30,000. Banque Cantonale Vaudoise acquired a new position in shares of LKQ during the first quarter worth $40,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of LKQ by 226.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 763 shares during the period. Horizon Financial Services LLC acquired a new position in shares of LKQ during the first quarter worth $42,000. Finally, Brooklyn Investment Group lifted its holdings in shares of LKQ by 91.8% during the first quarter. Brooklyn Investment Group now owns 1,197 shares of the auto parts company’s stock worth $51,000 after purchasing an additional 573 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $30.04 on Friday. LKQ Corporation has a twelve month low of $28.42 and a twelve month high of $44.82. The firm has a fifty day simple moving average of $31.03 and a 200 day simple moving average of $35.76. The company has a market capitalization of $7.73 billion, a PE ratio of 11.00 and a beta of 0.84. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

LKQ (NASDAQ:LKQ) last announced its 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). 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 the consensus estimate of $3.62 billion. During the same period in the prior year, the business earned $0.98 EPS. LKQ’s quarterly revenue was down 1.6% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, sell-side analysts forecast that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, August 14th. LKQ’s dividend payout ratio (DPR) is currently 43.96%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of LKQ from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Robert W. Baird cut their price target on shares of LKQ from $48.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, July 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of LKQ in a report on Wednesday, October 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.50.

LKQ 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.