Lkq (LKQ) Stake Increased by Steinberg Asset Management Llc; As Fmc (FMC) Shares Rose, Shareholder Westport Asset Management Has Increased Stake

December 7, 2017 - By Vivian Park

Steinberg Asset Management Llc increased its stake in Lkq Corp (LKQ) by 97.54% based on its latest 2017Q2 regulatory filing with the SEC. Steinberg Asset Management Llc bought 82,130 shares as the company’s stock declined 2.79% while stock markets rallied. The hedge fund held 166,330 shares of the motor vehicles company at the end of 2017Q2, valued at $5.48M, up from 84,200 at the end of the previous reported quarter. Steinberg Asset Management Llc who had been investing in Lkq Corp for a number of months, seems to be bullish on the $12.18 billion market cap company. The stock increased 0.25% or $0.1 during the last trading session, reaching $39.42. About 48,100 shares traded. LKQ Corporation (NASDAQ:LKQ) has declined 1.30% since December 7, 2016 and is downtrending. It has underperformed by 18.00% the S&P500.

Westport Asset Management Inc increased its stake in Fmc Corp (FMC) by 38.46% based on its latest 2017Q2 regulatory filing with the SEC. Westport Asset Management Inc bought 5,000 shares as the company’s stock rose 27.61% with the market. The institutional investor held 18,000 shares of the major chemicals company at the end of 2017Q2, valued at $1.32 million, up from 13,000 at the end of the previous reported quarter. Westport Asset Management Inc who had been investing in Fmc Corp for a number of months, seems to be bullish on the $11.94 billion market cap company. The stock increased 1.09% or $0.96 during the last trading session, reaching $88.95. About 230,860 shares traded. FMC Corporation (NYSE:FMC) has risen 62.57% since December 7, 2016 and is uptrending. It has outperformed by 45.87% the S&P500.




Another recent and important LKQ Corporation (NASDAQ:LKQ) news was published by Finance.Yahoo.com which published an article titled: “Why Is LKQ Up 4.9% Since the Last Earnings Report?” on November 29, 2017.

Among 9 analysts covering LKQ (NASDAQ:LKQ), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. LKQ had 18 analyst reports since January 15, 2016 according to SRatingsIntel. The company was maintained on Wednesday, August 30 by Robert W. Baird. On Wednesday, March 2 the stock rating was initiated by Sterne Agee CRT with “Buy”. The rating was initiated by JP Morgan on Tuesday, February 21 with “Overweight”. As per Thursday, July 6, the company rating was maintained by Stifel Nicolaus. The stock has “Buy” rating by Jefferies on Sunday, September 10. The stock has “Buy” rating by Jefferies on Tuesday, May 30. The stock of LKQ Corporation (NASDAQ:LKQ) has “Buy” rating given on Monday, January 18 by Jefferies. The firm earned “Buy” rating on Tuesday, November 29 by Stifel Nicolaus. The rating was initiated by Susquehanna with “Positive” on Friday, August 26. The firm has “Buy” rating by Robert W. Baird given on Thursday, October 26.

Investors sentiment decreased to 1.01 in Q2 2017. Its down 0.02, from 1.03 in 2017Q1. It is negative, as 48 investors sold LKQ shares while 166 reduced holdings. 53 funds opened positions while 163 raised stakes. 276.76 million shares or 0.74% more from 274.72 million shares in 2017Q1 were reported. Morgan Stanley invested 0.01% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Atria Invs Ltd Liability Corp has 13,059 shares for 0.03% of their portfolio. Moreover, Cubic Asset Mgmt Lc has 1.66% invested in LKQ Corporation (NASDAQ:LKQ). Toronto Dominion Commercial Bank reported 0.01% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Ci Global Invests has invested 1.85% in LKQ Corporation (NASDAQ:LKQ). Ww Asset Mgmt holds 27,980 shares. Oppenheimer Asset holds 299,851 shares. Moreover, Riverhead Cap Mngmt Ltd Limited Liability Company has 0.07% invested in LKQ Corporation (NASDAQ:LKQ). Davenport And Co Limited Co accumulated 0% or 744,247 shares. Capital Global Investors reported 9.48M shares. Hermes Invest Limited invested 0.68% of its portfolio in LKQ Corporation (NASDAQ:LKQ). The Michigan-based State Treasurer State Of Michigan has invested 0.03% in LKQ Corporation (NASDAQ:LKQ). Capstone Asset Mgmt Communication holds 39,321 shares or 0.04% of its portfolio. Old Mutual Customised Solutions (Proprietary) Ltd accumulated 15,856 shares. Commonwealth Equity Inc reported 10,192 shares.

Steinberg Asset Management Llc, which manages about $2.04B and $272.99 million US Long portfolio, decreased its stake in Markel Corp (NYSE:MKL) by 637 shares to 4,641 shares, valued at $4.53 million in 2017Q2, according to the filing. It also reduced its holding in Laboratory Corp Amer Hldgs (NYSE:LH) by 6,920 shares in the quarter, leaving it with 70,711 shares, and cut its stake in Scripps E W Co Ohio (NYSE:SSP).

Among 31 analysts covering FMC Tech (NYSE:FMC), 18 have Buy rating, 1 Sell and 12 Hold. Therefore 58% are positive. FMC Tech had 84 analyst reports since July 23, 2015 according to SRatingsIntel. As per Wednesday, August 2, the company rating was maintained by Piper Jaffray. Nomura upgraded the shares of FMC in report on Friday, August 4 to “Buy” rating. The rating was upgraded by Societe Generale on Friday, January 8 to “Buy”. The rating was downgraded by Seaport Global on Tuesday, July 18 to “Hold”. On Monday, November 28 the stock rating was upgraded by PiperJaffray to “Neutral”. The firm has “Neutral” rating by Macquarie Research given on Wednesday, October 14. The stock has “Neutral” rating by Seaport Global Securities on Monday, January 23. The firm earned “Neutral” rating on Thursday, April 21 by Credit Suisse. The firm earned “Neutral” rating on Monday, December 4 by Goldman Sachs. The stock of FMC Corporation (NYSE:FMC) has “Perform” rating given on Tuesday, January 12 by Oppenheimer.

More notable recent FMC Corporation (NYSE:FMC) news were published by: Seekingalpha.com which released: “FMC (FMC) Q3 2017 Results – Earnings Call Transcript” on November 07, 2017, also Nasdaq.com with their article: “Pacific Global Investment Management CO Buys DowDuPont Inc, FMC Corp, The …” published on November 14, 2017, Streetinsider.com published: “FMC Corp. (FMC) PT Raised to $106 at Nomura/Instinet” on November 08, 2017. More interesting news about FMC Corporation (NYSE:FMC) were released by: Streetinsider.com and their article: “FMC Corp. (FMC) PT Raised to $112 at KeyBanc; Remains Bullish” published on December 04, 2017 as well as Seekingalpha.com‘s news article titled: “Albemarle Corp. Vs. FMC Corp. – What’s The Better Lithium Play?” with publication date: November 07, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.