Sarasin Partners Llp Lowers stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Sarasin Partners Llp reduced its stake in LKQ Corporation by 16.8% during the most recent quarter end. The investment management company now holds a total of 15,263 shares of LKQ Corporation which is valued at $501,237 after selling 3,083 shares in LKQ Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.LKQ Corporation makes up approximately 0.01% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in LKQ in the latest quarter, The investment management firm added 4,632 additional shares and now holds a total of 13,885 shares of LKQ Corporation which is valued at $455,983. LKQ Corporation makes up approx 0.04% of Reliance Trust Co Of Delaware’s portfolio.Eagle Asset Management Inc reduced its stake in LKQ by selling 49,681 shares or 29.06% in the most recent quarter. The Hedge Fund company now holds 121,305 shares of LKQ which is valued at $4,016,409. LKQ Corporation makes up approx 0.03% of Eagle Asset Management Inc’s portfolio.Capstone Asset Management Co boosted its stake in LKQ in the latest quarter, The investment management firm added 2,850 additional shares and now holds a total of 35,061 shares of LKQ Corporation which is valued at $1,160,870. LKQ Corporation makes up approx 0.03% of Capstone Asset Management Co’s portfolio. Fox Run Management L.l.c. sold out all of its stake in LKQ during the most recent quarter. The investment firm sold 8,900 shares of LKQ which is valued $294,679.

LKQ Corporation closed down -0.12 points or -0.36% at $32.84 with 18,20,244 shares getting traded on Friday. Post opening the session at $33.15, the shares hit an intraday low of $32.8 and an intraday high of $33.35 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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