LKQ Corporation (LKQ) : Kalmar Investments Inc De reduced its stake in LKQ Corporation by 48.17% during the most recent quarter end. The investment management company now holds a total of 1,208,813 shares of LKQ Corporation which is valued at $40.1 Million after selling 1,123,551 shares in LKQ Corporation , the firm said in a disclosure report filed with the SEC on May 27, 2016.LKQ Corporation makes up approximately 1.61% of Kalmar Investments Inc De’s portfolio.
Other Hedge Funds, Including , Castleark Management boosted its stake in LKQ in the latest quarter, The investment management firm added 42,724 additional shares and now holds a total of 180,259 shares of LKQ Corporation which is valued at $5.7 Million. LKQ Corporation makes up approx 0.17% of Castleark Management’s portfolio.Tower Research Capital (trc) boosted its stake in LKQ in the latest quarter, The investment management firm added 3,481 additional shares and now holds a total of 4,072 shares of LKQ Corporation which is valued at $127,942. LKQ Corporation makes up approx 0.02% of Tower Research Capital (trc)’s portfolio.Blue Clay Capital Management boosted its stake in LKQ in the latest quarter, The investment management firm added 13,300 additional shares and now holds a total of 64,200 shares of LKQ Corporation which is valued at $2 Million. LKQ Corporation makes up approx 2.62% of Blue Clay Capital Management’s portfolio.Rafferty Asset Management reduced its stake in LKQ by selling 47,466 shares or 74.3% in the most recent quarter. The Hedge Fund company now holds 16,416 shares of LKQ which is valued at $530,237. LKQ Corporation makes up approx 0.03% of Rafferty Asset Management’s portfolio.
LKQ Corporation opened for trading at $32.47 and hit $33.24 on the upside on Tuesday, eventually ending the session at $33.05, with a gain of 1.69% or 0.55 points. The heightened volatility saw the trading volume jump to 25,53,802 shares. Company has a market cap of $10,136 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.