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

LKQ Co. (NASDAQ:LKQ) declared a quarterly dividend on Tuesday, April 23rd, RTT News reports. Investors 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 2.45%.

LKQ has a dividend payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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

LKQ stock opened at $48.93 on Tuesday. LKQ has a 12 month low of $41.49 and a 12 month high of $59.38. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $51.21 and its 200 day simple moving average is $48.36. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 13.98 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. LKQ had a net margin of 6.75% and a return on equity of 17.24%. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. Sell-side analysts forecast that LKQ will post 4.07 EPS for the current year.

Insider Activity at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the sale, the chief executive officer now directly owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LKQ. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. 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 report on Thursday, January 25th. Finally, StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, LKQ presently has a consensus rating of “Moderate Buy” and an average target price of $63.50.

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.