LKQ Co. to Issue Quarterly Dividend of $0.30 (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQ - Get Free Report) announced a quarterly dividend on Tuesday, April 23rd, RTT News reports. Stockholders of record on Thursday, May 16th will be paid a dividend of 0.30 per share by the auto parts company on Thursday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.88%.

LKQ has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Analysts expect LKQ to earn $4.49 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 26.7%.

LKQ Price Performance

Shares of LKQ stock traded down $7.28 on Tuesday, hitting $41.65. 9,654,379 shares of the stock traded hands, compared to its average volume of 1,641,377. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 11.90 and a beta of 1.28. LKQ has a 52 week low of $41.46 and a 52 week high of $59.38. The firm has a 50 day simple moving average of $51.21 and a two-hundred day simple moving average of $48.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.53.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.13). The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. LKQ had a net margin of 6.75% and a return on equity of 17.24%. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 earnings per share. As a group, equities research analysts predict that LKQ will post 4.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of research reports. Roth Mkm restated a "buy" rating and issued a $65.00 target price on shares of LKQ in a report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of LKQ from $65.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday, January 25th. Stifel Nicolaus restated a "buy" rating and issued a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. Barrington Research reiterated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Friday. Finally, StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.80.

Insider Buying and Selling at LKQ

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the sale, the chief executive officer now directly owns 386,522 shares of the company's stock, valued at approximately $20,087,548.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company insiders.

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.