Homrich Berg adds LKQ Corporation (LKQ) to its portfolio

LKQ Corporation (LKQ) : Homrich Berg added new position in LKQ Corporation during the most recent quarter end. The investment management firm now holds 359,484 shares of LKQ Corporation which is valued at $12,456,121 , the company said in a statement filed on Aug 10, 2016 with the SEC.LKQ Corporation makes up approximately 1.14% of Homrich Berg’s portfolio.

Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd sold out all of its stake in LKQ during the most recent quarter. The investment firm sold 8,198 shares of LKQ which is valued $284,061. Central Trust Co added LKQ to its portfolio by purchasing 386 company shares during the most recent quarter which is valued at $13,390.Shaker Investmentsoh boosted its stake in LKQ in the latest quarter, The investment management firm added 21,000 additional shares and now holds a total of 105,420 shares of LKQ Corporation which is valued at $3,444,071. LKQ Corporation makes up approx 3.05% of Shaker Investmentsoh’s portfolio.

LKQ Corporation opened for trading at $35.39 and hit $35.7 on the upside on Friday, eventually ending the session at $35.675, with a gain of 0.61% or 0.215 points. The heightened volatility saw the trading volume jump to 12,88,458 shares. Company has a market cap of $10,956 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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