LKQ Corporation (LKQ) : Tiverton Asset Management reduced its stake in LKQ Corporation by 8.58% during the most recent quarter end. The investment management company now holds a total of 2,331,222 shares of LKQ Corporation which is valued at $75.3 Million after selling 218,778 shares in LKQ Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.LKQ Corporation makes up approximately 2.62% of Tiverton Asset Management’s portfolio.
Other Hedge Funds, Including , Peak6 Investments added LKQ to its portfolio by purchasing 9,243 company shares during the most recent quarter which is valued at $298,549. LKQ Corporation makes up approx 0.02% of Peak6 Investments’s portfolio.Yorktown Management Research Co Inc reduced its stake in LKQ by selling 3,100 shares or 23.66% in the most recent quarter. The Hedge Fund company now holds 10,000 shares of LKQ which is valued at $325,100. LKQ Corporation makes up approx 0.06% of Yorktown Management Research Co Inc’s portfolio.Schwab Charles Investment Management Inc boosted its stake in LKQ in the latest quarter, The investment management firm added 13,036 additional shares and now holds a total of 714,907 shares of LKQ Corporation which is valued at $23.2 Million. LKQ Corporation makes up approx 0.03% of Schwab Charles Investment Management Inc’s portfolio. Armbruster Capital Management sold out all of its stake in LKQ during the most recent quarter. The investment firm sold 405 shares of LKQ which is valued $13,167.First Mercantile Trust Co reduced its stake in LKQ by selling 1,103 shares or 7.8% in the most recent quarter. The Hedge Fund company now holds 13,042 shares of LKQ which is valued at $417,996. LKQ Corporation makes up approx 0.05% of First Mercantile Trust Co’s portfolio.
LKQ Corporation opened for trading at $32.26 and hit $33 on the upside on Wednesday, eventually ending the session at $32.93, with a gain of 2.08% or 0.67 points. The heightened volatility saw the trading volume jump to 25,97,292 shares. Company has a market cap of $10,099 M.
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.