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

LKQ Co. (NASDAQ:LKQ) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.30 per share by the auto parts company on Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, November 14th.

LKQ has a payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect LKQ to earn $3.93 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 30.5%.

LKQ Price Performance

Shares of NASDAQ LKQ traded down $0.12 during midday trading on Friday, reaching $37.55. The company’s stock had a trading volume of 2,638,193 shares, compared to its average volume of 1,902,895. LKQ has a one year low of $35.57 and a one year high of $53.68. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 13.75 and a beta of 1.28. The company has a 50 day moving average price of $40.02 and a 200 day moving average price of $41.99. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. On average, equities research analysts expect that LKQ will post 3.54 EPS for the current year.

Insider Activity

In other news, SVP Matthew J. Mckay acquired 2,500 shares of LKQ stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $39.75 per share, with a total value of $99,375.00. Following the completion of the transaction, the senior vice president now owns 94,670 shares in the company, valued at approximately $3,763,132.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LKQ. JPMorgan Chase & Co. lifted their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Roth Mkm restated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Finally, Robert W. Baird dropped their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.80.

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.