Winslow Asset Management Inc Lowers stake in LKQ Corporation (LKQ)

LKQ Corporation (LKQ) : Winslow Asset Management Inc reduced its stake in LKQ Corporation by 5.54% during the most recent quarter end. The investment management company now holds a total of 360,565 shares of LKQ Corporation which is valued at $12,590,930 after selling 21,155 shares in LKQ Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.LKQ Corporation makes up approximately 2.68% of Winslow Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Thompson Davis boosted its stake in LKQ in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 693 shares of LKQ Corporation which is valued at $24,200. LKQ Corporation makes up approx 0.04% of Thompson Davis’s portfolio.Neuberger Berman Group reduced its stake in LKQ by selling 46,378 shares or 2.96% in the most recent quarter. The Hedge Fund company now holds 1,522,573 shares of LKQ which is valued at $53,579,344. LKQ Corporation makes up approx 0.07% of Neuberger Berman Group’s portfolio. Quantbot Technologies Lp added LKQ to its portfolio by purchasing 12,822 company shares during the most recent quarter which is valued at $446,975. LKQ Corporation makes up approx 0.05% of Quantbot Technologies Lp’s portfolio.Quantitative Investment Management reduced its stake in LKQ by selling 53,500 shares or 45.22% in the most recent quarter. The Hedge Fund company now holds 64,800 shares of LKQ which is valued at $2,258,928. LKQ Corporation makes up approx 0.10% of Quantitative Investment Management’s portfolio.

LKQ Corporation opened for trading at $35.05 and hit $35.46 on the upside on Wednesday, eventually ending the session at $35.4, with a gain of 0.65% or 0.23 points. The heightened volatility saw the trading volume jump to 19,06,752 shares. Company has a market cap of $10,872 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.

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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