Artisan Partners Limited Partnership buys $1,019,771,953 stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Artisan Partners Limited Partnership scooped up 1,152,626 additional shares in LKQ Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 29,430,648 shares of LKQ Corporation which is valued at $1,019,771,953.LKQ Corporation makes up approximately 2.06% of Artisan Partners Limited Partnership’s portfolio.

Other Hedge Funds, Including , Hightower Advisors reduced its stake in LKQ by selling 20,286 shares or 38.49% in the most recent quarter. The Hedge Fund company now holds 32,414 shares of LKQ which is valued at $1,123,145. LKQ Corporation makes up approx 0.01% of Hightower Advisors’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in LKQ in the latest quarter, The investment management firm added 57,668 additional shares and now holds a total of 460,806 shares of LKQ Corporation which is valued at $16,215,763. LKQ Corporation makes up approx 0.05% of State Board Of Administration Of Florida Retirement System’s portfolio.Bb&t Securities reduced its stake in LKQ by selling 2,103 shares or 16.83% in the most recent quarter. The Hedge Fund company now holds 10,390 shares of LKQ which is valued at $365,624. LKQ Corporation makes up approx 0.01% of Bb&t Securities’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.

LKQ Corporation opened for trading at $35.76 and hit $35.84 on the upside on Tuesday, eventually ending the session at $35.79, with a gain of 0.53% or 0.19 points. The heightened volatility saw the trading volume jump to 8,33,555 shares. Company has a market cap of $10,991 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.

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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