Palisade Capital Managementnj Lowers stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Palisade Capital Managementnj reduced its stake in LKQ Corporation by 6.35% during the most recent quarter end. The investment management company now holds a total of 857,105 shares of LKQ Corporation which is valued at $29,878,680 after selling 58,117 shares in LKQ Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.LKQ Corporation makes up approximately 1.27% of Palisade Capital Managementnj’s portfolio.

Other Hedge Funds, Including , Dupont Capital Management Corp boosted its stake in LKQ in the latest quarter, The investment management firm added 2,129 additional shares and now holds a total of 9,029 shares of LKQ Corporation which is valued at $314,751. LKQ Corporation makes up approx 0.01% of Dupont Capital Management Corp’s portfolio. Aberdeen Asset Management Plcuk added LKQ to its portfolio by purchasing 55,267 company shares during the most recent quarter which is valued at $1,926,608. LKQ Corporation makes up approx 0.01% of Aberdeen Asset Management Plcuk’s portfolio. Tocqueville Asset Management sold out all of its stake in LKQ during the most recent quarter. The investment firm sold 13,500 shares of LKQ which is valued $464,265.Ct Mason reduced its stake in LKQ by selling 5,805 shares or 12.93% in the most recent quarter. The Hedge Fund company now holds 39,091 shares of LKQ which is valued at $1,293,521. LKQ Corporation makes up approx 0.54% of Ct Mason’s portfolio.

LKQ Corporation closed down -0.27 points or -0.77% at $34.92 with 16,13,919 shares getting traded on Monday. Post opening the session at $35.33, the shares hit an intraday low of $34.82 and an intraday high of $35.51 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 $0.55 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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