Professional Advisory Services Inc Lowers stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Professional Advisory Services Inc reduced its stake in LKQ Corporation by 4.07% during the most recent quarter end. The investment management company now holds a total of 260,708 shares of LKQ Corporation which is valued at $8,517,330 after selling 11,060 shares in LKQ Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.LKQ Corporation makes up approximately 1.90% of Professional Advisory Services Inc’s portfolio.

Other Hedge Funds, Including , Sarasin Partners Llp reduced its stake in LKQ by selling 17,225 shares or 48.42% in the most recent quarter. The Hedge Fund company now holds 18,346 shares of LKQ which is valued at $599,364. LKQ Corporation makes up approx 0.01% of Sarasin Partners Llp’s portfolio.Creative Planning reduced its stake in LKQ by selling 1,643 shares or 72.7% in the most recent quarter. The Hedge Fund company now holds 617 shares of LKQ which is valued at $20,460. Exxonmobil Investment Management Inc Tx added LKQ to its portfolio by purchasing 79,384 company shares during the most recent quarter which is valued at $2,626,817. LKQ Corporation makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in LKQ by selling 64,038 shares or 70.48% in the most recent quarter. The Hedge Fund company now holds 26,827 shares of LKQ which is valued at $887,705.

LKQ Corporation closed down -0.41 points or -1.24% at $32.67 with 19,11,776 shares getting traded on Monday. Post opening the session at $33.03, the shares hit an intraday low of $32.64 and an intraday high of $33.19 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 $0.42 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $1921.50 million for the quarter, compared to analysts expectations of $1907.68 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 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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