Marble Harbor Investment Counsel buys $4,097,930 stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Marble Harbor Investment Counsel scooped up 11,625 additional shares in LKQ Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 118,130 shares of LKQ Corporation which is valued at $4,097,930.LKQ Corporation makes up approximately 0.98% of Marble Harbor Investment Counsel’s portfolio.

Other Hedge Funds, Including , Oxford Asset Management sold out all of its stake in LKQ during the most recent quarter. The investment firm sold 386,654 shares of LKQ which is valued $13,413,027.Concorde Asset Management reduced its stake in LKQ by selling 29 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 6,784 shares of LKQ which is valued at $226,179. LKQ Corporation makes up approx 0.22% of Concorde Asset Management’s portfolio. First Manhattan Co added LKQ to its portfolio by purchasing 865 company shares during the most recent quarter which is valued at $28,260.

LKQ Corporation opened for trading at $34.81 and hit $35.38 on the upside on Monday, eventually ending the session at $35.35, with a gain of 2.02% or 0.7 points. The heightened volatility saw the trading volume jump to 14,72,017 shares. Company has a market cap of $10,856 M.

On the company’s financial health, LKQ Corporation reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.48. The company had revenue of $2450.69 million for the quarter, compared to analysts expectations of $2413.43 million. The company’s revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

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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