Nicholas Co Inc Wi Lowers stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Nicholas Co Inc Wi reduced its stake in LKQ Corporation by 17.19% during the most recent quarter end. The investment management company now holds a total of 3,792,247 shares of LKQ Corporation which is valued at $123,323,872 after selling 787,310 shares in LKQ Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.LKQ Corporation makes up approximately 2.74% of Nicholas Co Inc Wi’s portfolio.

Other Hedge Funds, Including , Davidson Kempner Capital Management Lp sold out all of its stake in LKQ during the most recent quarter. The investment firm sold 500,000 shares of LKQ which is valued $16,260,000. Azimuth Capital Management added LKQ to its portfolio by purchasing 100,375 company shares during the most recent quarter which is valued at $3,198,951. LKQ Corporation makes up approx 0.28% of Azimuth Capital Management’s portfolio.Aperio Group boosted its stake in LKQ in the latest quarter, The investment management firm added 3,857 additional shares and now holds a total of 124,900 shares of LKQ Corporation which is valued at $3,971,820. LKQ Corporation makes up approx 0.03% of Aperio Group’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in LKQ in the latest quarter, The investment management firm added 1,481 additional shares and now holds a total of 47,225 shares of LKQ Corporation which is valued at $1,524,423. LKQ Corporation makes up approx 0.04% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Commonwealth Equity Services Inc boosted its stake in LKQ in the latest quarter, The investment management firm added 456 additional shares and now holds a total of 17,893 shares of LKQ Corporation which is valued at $589,932.

LKQ Corporation closed down -0.42 points or -1.29% at $32.25 with 17,77,900 shares getting traded on Monday. Post opening the session at $32.57, the shares hit an intraday low of $32.14 and an intraday high of $32.62 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 $0.45 EPS for the quarter, based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus estimate of $0.45. The company had revenue of $2386.83 million for the quarter, compared to analysts expectations of $2456.62 million. The company’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 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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