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

LKQ Co. (NASDAQ:LKQ) announced a quarterly dividend on Tuesday, July 23rd, RTT News reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.30 per share by the auto parts company on Thursday, August 29th. This represents a $1.20 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, August 15th.

LKQ has a dividend payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect LKQ to earn $4.11 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 29.2%.

LKQ Trading Up 0.5 %

Shares of NASDAQ LKQ traded up $0.20 during midday trading on Tuesday, reaching $38.67. The company had a trading volume of 50,945 shares, compared to its average volume of 1,791,058. The firm’s fifty day moving average price is $41.73 and its 200-day moving average price is $45.94. 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 one year low of $35.57 and a one year high of $54.07. The stock has a market cap of $10.32 billion, a PE ratio of 12.49 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). LKQ had a net margin of 5.03% and a return on equity of 15.33%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that LKQ will post 3.6 earnings per share for the current year.

Insider Buying and Selling

In other LKQ news, Director Andrew C. Clarke acquired 7,600 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of $39.70 per share, with a total value of $301,720.00. Following the completion of the purchase, the director now directly owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Andrew C. Clarke acquired 7,600 shares of LKQ stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $39.70 per share, with a total value of $301,720.00. Following the transaction, the director now directly owns 10,519 shares in the company, valued at $417,604.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Justin L. Jude bought 2,500 shares of the company’s stock in a transaction on Friday, July 26th. The stock was bought at an average cost of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the acquisition, the chief executive officer now directly owns 207,515 shares of the company’s stock, valued at approximately $8,281,923.65. The disclosure for this purchase can be found here. Insiders have bought a total of 13,084 shares of company stock valued at $521,096 over the last ninety days. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

LKQ has been the topic of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and issued a $65.00 price objective on shares of LKQ in a research report on Thursday, July 25th. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Thursday, July 25th. Finally, Robert W. Baird decreased their price objective on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, LKQ has a consensus rating of “Moderate Buy” and a consensus target price of $60.80.

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.