LKQ Corporation (LKQ) to Issue Quarterly Dividend of $0.30 on June 4th

LKQ Corporation (NASDAQ:LKQ) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Thursday, May 21st will be paid a dividend of 0.30 per share by the auto parts company on Thursday, June 4th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Thursday, May 21st.

LKQ has a dividend payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect LKQ to earn $3.33 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 36.0%.

LKQ Trading Up 0.7%

Shares of LKQ stock opened at $24.79 on Tuesday. The firm has a 50-day moving average price of $29.40 and a 200 day moving average price of $30.82. LKQ has a twelve month low of $24.31 and a twelve month high of $42.55. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 12.27 and a beta of 0.88. The company has a current ratio of 1.54, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, April 30th. The auto parts company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. LKQ had a net margin of 3.71% and a return on equity of 11.65%. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. Research analysts forecast that LKQ will post 3 earnings per share for the current fiscal year.

Institutional Trading of LKQ

A number of institutional investors have recently modified their holdings of the company. Seizert Capital Partners LLC grew its holdings in shares of LKQ by 30.1% during the 4th quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock worth $65,797,000 after purchasing an additional 503,998 shares during the period. New South Capital Management Inc. grew its holdings in shares of LKQ by 0.7% during the 3rd quarter. New South Capital Management Inc. now owns 1,313,761 shares of the auto parts company’s stock worth $40,122,000 after purchasing an additional 8,981 shares during the period. New York State Common Retirement Fund grew its holdings in shares of LKQ by 1.2% during the 3rd quarter. New York State Common Retirement Fund now owns 909,710 shares of the auto parts company’s stock worth $27,783,000 after purchasing an additional 10,616 shares during the period. Applied Finance Capital Management LLC grew its holdings in shares of LKQ by 11.0% during the 1st quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company’s stock worth $19,449,000 after purchasing an additional 65,534 shares during the period. Finally, Thompson Investment Management Inc. grew its holdings in shares of LKQ by 14.0% during the 4th quarter. Thompson Investment Management Inc. now owns 374,299 shares of the auto parts company’s stock worth $11,304,000 after purchasing an additional 46,052 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

About LKQ

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.