Ballentine Partners adds LKQ Corporation (LKQ) to its portfolio

LKQ Corporation (LKQ) : Ballentine Partners added new position in LKQ Corporation during the most recent quarter end. The investment management firm now holds 354,618 shares of LKQ Corporation which is valued at $12,361,983 , the company said in a statement filed on Aug 3, 2016 with the SEC.LKQ Corporation makes up approximately 1.01% of Ballentine Partners’s portfolio.

Other Hedge Funds, Including , Diam Ltd. reduced its stake in LKQ by selling 7,120 shares or 14.41% in the most recent quarter. The Hedge Fund company now holds 42,302 shares of LKQ which is valued at $1,474,648. LKQ Corporation makes up approx 0.02% of Diam Ltd.’s portfolio. Aberdeen Asset Management Plcuk added LKQ to its portfolio by purchasing 55,267 company shares during the most recent quarter which is valued at $1,926,608. LKQ Corporation makes up approx 0.01% of Aberdeen Asset Management Plcuk’s portfolio. Smithfield Trust Co added LKQ to its portfolio by purchasing 148 company shares during the most recent quarter which is valued at $5,090.Nn Investment Partners Holdings N.v. reduced its stake in LKQ by selling 20,673 shares or 19.42% in the most recent quarter. The Hedge Fund company now holds 85,798 shares of LKQ which is valued at $2,845,062. LKQ Corporation makes up approx 0.03% of Nn Investment Partners Holdings N.v.’s portfolio.

LKQ Corporation closed down -0.27 points or -0.77% at $34.92 with 16,13,919 shares getting traded on Monday. Post opening the session at $35.33, the shares hit an intraday low of $34.82 and an intraday high of $35.51 and the price fluctuated in this range throughout the day.Shares ended Monday 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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