LKQ Co. (LKQ) to Issue Quarterly Dividend of $0.30 on May 30th

LKQ Co. (NASDAQ:LKQGet Free Report) declared a quarterly dividend on Monday, April 22nd, RTT News reports. Shareholders of record on Thursday, May 16th will be given 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 yield of 2.71%. The ex-dividend date of this dividend is Wednesday, May 15th.

LKQ has a payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect LKQ to earn $4.42 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 27.1%.

LKQ Trading Down 0.2 %

Shares of LKQ stock opened at $44.21 on Monday. LKQ has a 12-month low of $41.30 and a 12-month high of $59.38. The stock has a market capitalization of $11.79 billion, a P/E ratio of 14.35 and a beta of 1.33. The company has a 50-day simple moving average of $49.16 and a 200 day simple moving average of $47.77. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67.

LKQ (NASDAQ:LKQGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share 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 analyst estimates of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 EPS. Research analysts expect that LKQ will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Xavier Urbain sold 867 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total value of $38,581.50. Following the sale, the director now directly owns 15,606 shares in the company, valued at approximately $694,467. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Xavier Urbain sold 867 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total value of $38,581.50. Following the completion of the sale, the director now owns 15,606 shares in the company, valued at $694,467. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LKQ has been the topic of several research analyst reports. Roth Mkm restated a “buy” rating and set a $65.00 target price on shares of LKQ in a report on Tuesday, April 23rd. JPMorgan Chase & Co. decreased their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

View Our Latest Stock Report on LKQ

LKQ Company Profile

(Get Free Report)

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.

Recommended Stories

Dividend History for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.