Riverbridge Partners Lowers stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Riverbridge Partners reduced its stake in LKQ Corporation by 22.54% during the most recent quarter end. The investment management company now holds a total of 2,438,319 shares of LKQ Corporation which is valued at $84,999,800 after selling 709,445 shares in LKQ Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.LKQ Corporation makes up approximately 1.71% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , Greenleaf Trust reduced its stake in LKQ by selling 600 shares or 3.85% in the most recent quarter. The Hedge Fund company now holds 15,000 shares of LKQ which is valued at $515,850. LKQ Corporation makes up approx 0.01% of Greenleaf Trust’s portfolio.1st Global Advisors reduced its stake in LKQ by selling 35 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 38,341 shares of LKQ which is valued at $1,278,289. LKQ Corporation makes up approx 0.17% of 1st Global Advisors’s portfolio.Foundry Partners reduced its stake in LKQ by selling 869 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 71,820 shares of LKQ which is valued at $2,381,551. LKQ Corporation makes up approx 0.22% of Foundry Partners’s portfolio.Next Financial Group Inc reduced its stake in LKQ by selling 50 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 100 shares of LKQ which is valued at $3,309.

LKQ Corporation closed down -0.19 points or -0.55% at $34.67 with 23,52,852 shares getting traded on Thursday. Post opening the session at $34.92, the shares hit an intraday low of $34.59 and an intraday high of $35.08 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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