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LKQ Co. (NASDAQ:LKQ - Get Rating) announced a quarterly dividend on Tuesday, July 26th, Zacks reports. Investors of record on Thursday, August 11th will be paid a dividend of 0.25 per share by the auto parts company on Thursday, September 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, August 10th.

LKQ has a payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LKQ to earn $4.18 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 23.9%. LKQ Price Performance

NASDAQ:LKQ opened at $55.08 on Monday. LKQ has a 52 week low of $42.36 and a 52 week high of $60.43. The company has a 50-day moving average of $51.01 and a 200-day moving average of $49.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.68 and a current ratio of 1.74. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 13.08 and a beta of 1.40.

LKQ (NASDAQ:LKQ - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07. LKQ had a return on equity of 19.88% and a net margin of 9.21%. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. LKQ's revenue was down 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that LKQ will post 3.94 earnings per share for the current fiscal year. Analyst Ratings Changes

LKQ has been the subject of several recent research reports. Barrington Research upgraded LKQ from a "market perform" rating to an "outperform" rating in a report on Thursday, April 28th. Raymond James cut their price target on shares of LKQ from $62.00 to $59.00 in a research note on Monday, April 11th. MKM Partners assumed coverage on shares of LKQ in a report on Wednesday, July 13th. They issued a "buy" rating and a $68.00 price target on the stock. Finally, StockNews.com cut LKQ from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 29th.Insider Activity at LKQ

In other LKQ news, Director Holdings L.P. Valueact sold 5,000,000 shares of LKQ stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $50.35, for a total value of $251,750,000.00. Following the sale, the director now directly owns 12,552,751 shares in the company, valued at approximately $632,031,012.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other LKQ news, Director Patrick Berard sold 702 shares of LKQ stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $49.72, for a total transaction of $34,903.44. Following the transaction, the director now directly owns 11,806 shares of the company's stock, valued at approximately $586,994.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Holdings L.P. Valueact sold 5,000,000 shares of the business's stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $50.35, for a total value of $251,750,000.00. Following the sale, the director now directly owns 12,552,751 shares of the company's stock, valued at $632,031,012.85. The disclosure for this sale can be found here. Insiders have sold a total of 5,070,702 shares of company stock valued at $255,605,503 in the last 90 days. 0.47% of the stock is owned by corporate insiders. Institutional Investors Weigh In On LKQ

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of LKQ by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 27,471,700 shares of the auto parts company's stock valued at $1,247,489,000 after buying an additional 357,868 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of LKQ by 15.7% in the first quarter. Lazard Asset Management LLC now owns 6,749,817 shares of the auto parts company's stock worth $306,509,000 after acquiring an additional 914,423 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of LKQ by 84.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,172,143 shares of the auto parts company's stock worth $280,277,000 after acquiring an additional 2,819,542 shares during the last quarter. Invesco Ltd. grew its holdings in shares of LKQ by 10.3% during the first quarter. Invesco Ltd. now owns 3,891,981 shares of the auto parts company's stock worth $176,735,000 after purchasing an additional 364,668 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of LKQ by 0.6% during the first quarter. Northern Trust Corp now owns 3,326,163 shares of the auto parts company's stock worth $151,040,000 after purchasing an additional 20,361 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors. LKQ Company Profile (Get Rating)

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.Read MoreGet a free copy of the StockNews.com research report on LKQ (LKQ)Is DoorDash Ready To Sprint Higher? Electric Vehicles Can Drive Alcoa Stock HigherCan Airbnb Still Thrive in a Recession? What to Expect from the Markets in a Recession ConocoPhillips Shares Advance On Strong Q2 Revenue

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