Green Valley Investors Lowers stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Green Valley Investors reduced its stake in LKQ Corporation by 27.7% during the most recent quarter end. The investment management company now holds a total of 5,180,596 shares of LKQ Corporation which is valued at $179,507,651 after selling 1,984,455 shares in LKQ Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.LKQ Corporation makes up approximately 5.27% of Green Valley Investors’s portfolio.

Other Hedge Funds, Including , Columbia Wanger Asset Management reduced its stake in LKQ by selling 355,012 shares or 11.45% in the most recent quarter. The Hedge Fund company now holds 2,745,834 shares of LKQ which is valued at $95,143,148. LKQ Corporation makes up approx 1.03% of Columbia Wanger Asset Management’s portfolio.Calvert Investment Management boosted its stake in LKQ in the latest quarter, The investment management firm added 3,122 additional shares and now holds a total of 19,388 shares of LKQ Corporation which is valued at $682,264. LKQ Corporation makes up approx 0.03% of Calvert Investment Management’s portfolio.Montag A Associates Inc reduced its stake in LKQ by selling 10,650 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 176,875 shares of LKQ which is valued at $6,165,863. LKQ Corporation makes up approx 0.79% of Montag A Associates Inc’s portfolio.Huntington National Bank reduced its stake in LKQ by selling 1,820 shares or 30.49% in the most recent quarter. The Hedge Fund company now holds 4,150 shares of LKQ which is valued at $141,681.

LKQ Corporation opened for trading at $35.74 and hit $36.14 on the upside on Monday, eventually ending the session at $35.98, with a gain of 0.81% or 0.29 points. The heightened volatility saw the trading volume jump to 10,67,462 shares. Company has a market cap of $11,050 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.

Many Wall Street Analysts have commented on LKQ Corporation. Susquehanna Initiated LKQ Corporation on Aug 26, 2016 to “Positive”, Price Target of the shares are set at $42.

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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