Artisan Partners Limited Partnership buys $913.4 Million stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Artisan Partners Limited Partnership scooped up 380,939 additional shares in LKQ Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 28,278,022 shares of LKQ Corporation which is valued at $913.4 Million.LKQ Corporation makes up approximately 1.90% of Artisan Partners Limited Partnership’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board reduced its stake in LKQ by selling 3,200 shares or 9.33% in the most recent quarter. The Hedge Fund company now holds 31,100 shares of LKQ which is valued at $1 Million.Argent Trust Co boosted its stake in LKQ in the latest quarter, The investment management firm added 654 additional shares and now holds a total of 22,291 shares of LKQ Corporation which is valued at $719,999. LKQ Corporation makes up approx 0.35% of Argent Trust Co’s portfolio.Montag A Associates Inc reduced its stake in LKQ by selling 101,033 shares or 35.01% in the most recent quarter. The Hedge Fund company now holds 187,525 shares of LKQ which is valued at $6.1 Million. LKQ Corporation makes up approx 0.85% of Montag A Associates Inc’s portfolio.Td Asset Management Inc boosted its stake in LKQ in the latest quarter, The investment management firm added 8,415 additional shares and now holds a total of 163,887 shares of LKQ Corporation which is valued at $5.3 Million. LKQ Corporation makes up approx 0.01% of Td Asset Management Inc’s portfolio. Polaris Greystone Financial Group added LKQ to its portfolio by purchasing 13,500 company shares during the most recent quarter which is valued at $432,675. LKQ Corporation makes up approx 0.07% of Polaris Greystone Financial Group’s portfolio.

LKQ Corporation closed down -0.04 points or -0.13% at $31.42 with 6,15,85,902 shares getting traded on Friday. Post opening the session at $31.52, the shares hit an intraday low of $31.24 and an intraday high of $31.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, LKQ Corporation reported $0.42 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $1921.50 million for the quarter, compared to analysts expectations of $1907.68 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on LKQ Corporation. Company shares were Reiterated by Sterne Agee CRT on Apr 12, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .Sterne Agee CRT Initiated LKQ Corporation on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $38.

LKQ Corporation is a distributor of vehicle products including replacement parts components and systems used in the repair and maintenance of vehicles as well as specialty vehicle products and accessories. The company distributes a variety of products to collision and mechanical repair shops including aftermarket collision and mechanical products recycled collision and mechanical products refurbished collision products such as wheels bumper covers and lights and remanufactured engines. It is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products with its sales processing and distribution facilities reaching markets in the United States and Canada. It also provides alternative vehicle replacement and maintenance products in the United Kingdom and the Benelux region of continental Europe. The Company is organized into four segments: Wholesale – North America; Wholesale – Europe; Self Service and Specialty.

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