Quantum Capital Management Nj buys $35.5 Million stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Quantum Capital Management Nj scooped up 63,862 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 1,098,470 shares of LKQ Corporation which is valued at $35.5 Million.LKQ Corporation makes up approximately 10.43% of Quantum Capital Management Nj’s portfolio.

Other Hedge Funds, Including , Bbva Compass Bancshares Inc reduced its stake in LKQ by selling 162 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 22,379 shares of LKQ which is valued at $727,541. LKQ Corporation makes up approx 0.05% of Bbva Compass Bancshares Inc’s portfolio.Geneva Advisors boosted its stake in LKQ in the latest quarter, The investment management firm added 1,841 additional shares and now holds a total of 46,526 shares of LKQ Corporation which is valued at $1.5 Million. LKQ Corporation makes up approx 0.03% of Geneva Advisors’s portfolio.Wellington Shields Capital Management boosted its stake in LKQ in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 28,050 shares of LKQ Corporation which is valued at $911,906. LKQ Corporation makes up approx 0.16% of Wellington Shields Capital Management’s portfolio.Alexandria Capital reduced its stake in LKQ by selling 10 shares or 15.87% in the most recent quarter. The Hedge Fund company now holds 53 shares of LKQ which is valued at $1,699.

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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