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

LKQ Co. (NASDAQ:LKQ - Get Free Report) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Investors 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 of this dividend is Thursday, November 14th.

LKQ has a dividend 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 Stock Performance

NASDAQ:LKQ traded down $0.12 during trading hours on Friday, reaching $37.55. 2,638,193 shares of the company's stock were exchanged, compared to its average volume of 1,902,895. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 13.75 and a beta of 1.28. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. LKQ has a 1-year low of $35.57 and a 1-year high of $53.68. The company has a 50-day moving average of $40.02 and a 200 day moving average of $41.92.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. LKQ's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS. Research analysts anticipate that LKQ will post 3.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LKQ. StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th. Roth Mkm reiterated a "buy" rating and issued a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Friday. JPMorgan Chase & Co. raised their price objective on shares of LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus reduced their price objective on shares of LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $53.80.

Insiders Place Their Bets

In other news, SVP Matthew J. Mckay purchased 2,500 shares of the stock in a transaction dated Monday, July 29th. The stock was acquired at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the acquisition, the senior vice president now directly owns 94,670 shares in the company, valued at $3,763,132.50. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% 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.