Nicholas Co Inc Wi buys $158,681,650 stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Nicholas Co Inc Wi scooped up 14,150 additional shares in LKQ Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 4,579,557 shares of LKQ Corporation which is valued at $158,681,650.LKQ Corporation makes up approximately 3.11% of Nicholas Co Inc Wi’s portfolio.

Other Hedge Funds, Including , Akre Capital Management boosted its stake in LKQ in the latest quarter, The investment management firm added 150,000 additional shares and now holds a total of 3,550,000 shares of LKQ Corporation which is valued at $123,007,500. LKQ Corporation makes up approx 2.32% of Akre Capital Management’s portfolio.Vanguard Group Inc boosted its stake in LKQ in the latest quarter, The investment management firm added 4,806,738 additional shares and now holds a total of 25,013,673 shares of LKQ Corporation which is valued at $866,723,769. LKQ Corporation makes up approx 0.05% of Vanguard Group Inc’s portfolio.Tower Research Capital (trc) boosted its stake in LKQ in the latest quarter, The investment management firm added 879 additional shares and now holds a total of 4,951 shares of LKQ Corporation which is valued at $171,552. LKQ Corporation makes up approx 0.02% of Tower Research Capital (trc)’s portfolio. First Personal Financial Services added LKQ to its portfolio by purchasing 1,467 company shares during the most recent quarter which is valued at $51,228. LKQ Corporation makes up approx 0.02% of First Personal Financial Services’s portfolio. Cfo4life added LKQ to its portfolio by purchasing 18,904 company shares during the most recent quarter which is valued at $655,780. LKQ Corporation makes up approx 0.54% of Cfo4life’s portfolio.

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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