As Ii Vi (IIVI) Valuation Rose, Holder Bard Associates Lowered Holding by $303,400; White Elm Capital Has Raised Position in Lkq (LKQ) by $3.30 Million

June 17, 2018 - By Richard Conner

II-VI Incorporated (NASDAQ:IIVI) Logo

Matthew Iorio increased its stake in Lkq Corp (LKQ) by 23.64% based on its latest 2018Q1 regulatory filing with the SEC. White Elm Capital Llc bought 89,300 shares as the company’s stock declined 23.94% with the market. The hedge fund run by Matthew Iorio held 467,107 shares of the motor vehicles company at the end of 2018Q1, valued at $17.73 million, up from 377,807 at the end of the previous reported quarter. White Elm Capital Llc who had been investing in Lkq Corp for a number of months, seems to be bullish on the $10.36B market cap company. The stock increased 0.90% or $0.3 during the last trading session, reaching $33.45. About 3.07M shares traded or 22.26% up from the average. LKQ Corporation (NASDAQ:LKQ) has declined 2.38% since June 17, 2017 and is downtrending. It has underperformed by 14.95% the S&P500. Some Historical LKQ News: 19/03/2018 – LKQ CUT TO Ba2 FROM Ba1 BY MOODY’S; OUTLOOK TO STABLE FROM NEG; 19/03/2018 – LKQ Says to Use Net Proceeds From Offering to Fund Part of Pending Stahlgruber Acquisition, for General Corporate Purposes and to Pay Related Fees and Expenses; 26/04/2018 – LKQ Sees FY EPS $1.96-EPS $2.06; 26/04/2018 – LKQ 1Q Rev $2.72B; 22/03/2018 – LKQ CORPORATION’S UNIT LKQ EUROPEAN HOLDINGS B.V., REPORTS PRIC; 29/05/2018 – MFS Mid Cap Value Fund Adds Hilton, Exits LKQ; 17/05/2018 – LKQ Favored by 5 Hedge Funds, 13Fs Show; 19/03/2018 – Moody’s Rates Lkq’s Euro Notes Ba2, Downgrades Cfr To Ba2 And Other Senior Unsecured To Ba3; Outlook Stable; 26/04/2018 – LKQ CORP – SEES 2018 CAPITAL EXPENDITURES $235 MLN TO $265 MLN; 23/04/2018 – LKQ Corp expected to post earnings of 59 cents a share – Earnings Preview

Bard Associates Inc decreased its stake in Ii Vi Inc (IIVI) by 3.98% based on its latest 2018Q1 regulatory filing with the SEC. Bard Associates Inc sold 7,585 shares as the company’s stock rose 17.25% while stock markets declined. The institutional investor held 182,918 shares of the electronic components company at the end of 2018Q1, valued at $7.48M, down from 190,503 at the end of the previous reported quarter. Bard Associates Inc who had been investing in Ii Vi Inc for a number of months, seems to be less bullish one the $2.91 billion market cap company. The stock decreased 3.32% or $1.6 during the last trading session, reaching $46.55. About 455,435 shares traded. II-VI Incorporated (NASDAQ:IIVI) has risen 44.87% since June 17, 2017 and is uptrending. It has outperformed by 32.30% the S&P500. Some Historical IIVI News: 14/05/2018 – II-VI Names Enrico Digirolamo to Board; 12/03/2018 – II-VI Incorporated Unveils DFB Laser Diode for 3D Sensing; 07/05/2018 – II-VI Non-Deal Roadshow Scheduled By Benchmark for May. 8; 08/03/2018 – Il-Vl Incorporated Announces Bi-Directional Optical Line Subsystem Platform for Datacenter lnterconnects; 22/05/2018 – II-VI Presenting at Conference Tomorrow; 26/03/2018 – Il-Vl INC – DEAL FOR APPROXIMATELY $85 MLN; 14/03/2018 – II-VI Closes Above 50-Day Moving Average: Technicals; 23/03/2018 – Il-Vl Incorporated Opens New Applications Laboratory in Detroit for Laser Materials Processing; 15/03/2018 – II-VI: 3-D Sensing, Silicon Carbide, EUV Prompt Davidson to Say Buy — Barron’s Blog; 08/05/2018 – II-VI at Non-Deal Roadshow Hosted By Benchmark Co., LLC Today

Since March 20, 2018, it had 0 buys, and 2 sales for $668,819 activity. On Thursday, May 31 the insider Wagner David G sold $290,081.

Investors sentiment increased to 1.14 in 2018 Q1. Its up 0.16, from 0.98 in 2017Q4. It improved, as 25 investors sold IIVI shares while 68 reduced holdings. 36 funds opened positions while 70 raised stakes. 57.75 million shares or 7.18% more from 53.88 million shares in 2017Q4 were reported. Stratos Wealth Prns Limited has invested 0% in II-VI Incorporated (NASDAQ:IIVI). Eaton Vance Mngmt invested 0% in II-VI Incorporated (NASDAQ:IIVI). Moreover, Guggenheim Limited Liability has 0.01% invested in II-VI Incorporated (NASDAQ:IIVI) for 61,842 shares. Highbridge Cap Mngmt Ltd Liability Corp reported 0.01% stake. Rodgers Brothers reported 9.4% stake. Pier Capital Limited Liability Co holds 1.26% or 180,852 shares in its portfolio. Manufacturers Life Ins The holds 0% in II-VI Incorporated (NASDAQ:IIVI) or 44,369 shares. Pnc Grp Inc Inc has 0% invested in II-VI Incorporated (NASDAQ:IIVI). Comerica Natl Bank owns 73,673 shares for 0.02% of their portfolio. Old Mutual Invsts (Uk) stated it has 23,798 shares or 0% of all its holdings. Columbus Circle invested in 0.11% or 126,677 shares. Boothbay Fund Management Ltd Limited Liability Company owns 5,338 shares for 0.03% of their portfolio. Jefferies Gru Limited Liability Corporation holds 0% or 20,729 shares. 117,419 were accumulated by Legal General Gp Public Limited Co. Emerald Mutual Fund Advisers Trust stated it has 0.49% in II-VI Incorporated (NASDAQ:IIVI).

Among 13 analysts covering II-VI (NASDAQ:IIVI), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. II-VI had 36 analyst reports since August 4, 2015 according to SRatingsIntel. B. Riley & Co upgraded the shares of IIVI in report on Wednesday, October 26 to “Buy” rating. The stock has “Hold” rating by Northland Capital on Friday, February 2. The company was maintained on Friday, September 8 by Benchmark. The company was maintained on Wednesday, January 25 by Needham. As per Wednesday, May 2, the company rating was maintained by B. Riley & Co. The stock has “Buy” rating by Northland Capital on Monday, August 7. Needham maintained II-VI Incorporated (NASDAQ:IIVI) rating on Wednesday, June 21. Needham has “Buy” rating and $4000 target. The stock of II-VI Incorporated (NASDAQ:IIVI) has “Buy” rating given on Monday, October 24 by Needham. On Tuesday, June 5 the stock rating was maintained by Piper Jaffray with “Buy”. The stock has “Buy” rating by Benchmark on Monday, June 5.

Bard Associates Inc, which manages about $323.32 million and $200.61 million US Long portfolio, upped its stake in Willdan Group Inc (NASDAQ:WLDN) by 29,985 shares to 237,124 shares, valued at $6.72 million in 2018Q1, according to the filing.

Another recent and important II-VI Incorporated (NASDAQ:IIVI) news was published by Seekingalpha.com which published an article titled: “NAR: Apple drops iPhone parts orders by 20%; supplier stocks dip” on June 08, 2018.

Analysts await II-VI Incorporated (NASDAQ:IIVI) to report earnings on August, 6. They expect $0.39 EPS, down 22.00% or $0.11 from last year’s $0.5 per share. IIVI’s profit will be $24.39M for 29.84 P/E if the $0.39 EPS becomes a reality. After $0.36 actual EPS reported by II-VI Incorporated for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

Among 14 analysts covering LKQ (NASDAQ:LKQ), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. LKQ had 31 analyst reports since January 15, 2016 according to SRatingsIntel. The stock of LKQ Corporation (NASDAQ:LKQ) has “Buy” rating given on Monday, February 12 by Northcoast. The firm has “Buy” rating by Jefferies given on Wednesday, August 9. The firm has “Buy” rating given on Thursday, July 6 by Stifel Nicolaus. Robert W. Baird maintained the stock with “Buy” rating in Thursday, October 26 report. On Tuesday, July 25 the stock rating was downgraded by Northcoast to “Neutral”. The firm has “Buy” rating given on Monday, January 18 by Jefferies. The stock has “Hold” rating by Guggenheim on Tuesday, April 17. On Friday, August 26 the stock rating was initiated by Susquehanna with “Positive”. The company was initiated on Wednesday, March 2 by Sterne Agee CRT. FBR Capital maintained it with “Buy” rating and $4800 target in Monday, June 4 report.

Since January 12, 2018, it had 2 insider buys, and 5 selling transactions for $1.83 million activity. 3,000 shares were bought by Zarcone Dominick P, worth $98,998 on Thursday, June 14. $158,964 worth of LKQ Corporation (NASDAQ:LKQ) was sold by HOLSTEN JOSEPH M on Wednesday, May 9. Quinn John S sold $445,425 worth of LKQ Corporation (NASDAQ:LKQ) on Friday, January 12. Shares for $1.06 million were sold by CASINI VICTOR M on Thursday, January 25. Hanser Robert M. sold 1,099 shares worth $33,300.

White Elm Capital Llc, which manages about $1.86B and $455.78 million US Long portfolio, decreased its stake in Blackrock Inc (NYSE:BLK) by 1,500 shares to 9,200 shares, valued at $4.98 million in 2018Q1, according to the filing. It also reduced its holding in Servicenow Inc (NYSE:NOW) by 68,000 shares in the quarter, leaving it with 139,000 shares, and cut its stake in Liberty Global Plc (NASDAQ:LBTYK).

Investors sentiment increased to 1.17 in 2018 Q1. Its up 0.01, from 1.16 in 2017Q4. It increased, as 29 investors sold LKQ shares while 166 reduced holdings. 64 funds opened positions while 164 raised stakes. 271.08 million shares or 1.63% less from 275.57 million shares in 2017Q4 were reported. Raymond James & Assocs stated it has 0.01% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Comerica Fincl Bank reported 109,631 shares. Cleararc Cap Inc reported 0.05% in LKQ Corporation (NASDAQ:LKQ). Bridges Investment Mngmt holds 0.02% or 10,250 shares. Price T Rowe Assocs Md holds 0% or 516,945 shares. Td Asset Inc invested in 0.01% or 224,900 shares. Grantham Mayo Van Otterloo And Ltd Liability reported 0.04% of its portfolio in LKQ Corporation (NASDAQ:LKQ). 68,010 are held by Steinberg Asset Ltd. Colorado-based Shine Advisory Incorporated has invested 0.01% in LKQ Corporation (NASDAQ:LKQ). Tower Rech Cap Limited Liability Company (Trc) reported 9,208 shares. Bb&T Corp, North Carolina-based fund reported 19,528 shares. Alliancebernstein LP reported 498,566 shares. Castleark Limited Liability Corp reported 119,705 shares. Sheets Smith Wealth Mngmt holds 1.1% in LKQ Corporation (NASDAQ:LKQ) or 121,000 shares. Md Sass holds 468,280 shares.

More recent LKQ Corporation (NASDAQ:LKQ) news were published by: Nasdaq.com which released: “LKQ Corporation Finalizes Acquisition of STAHLGRUBER GmbH” on May 31, 2018. Also Nasdaq.com published the news titled: “LKQ Corporation to Present at Upcoming Investor Conferences” on May 23, 2018. Globenewswire.com‘s news article titled: “LKQ Corporation to Host 2018 Investor Day” with publication date: May 24, 2018 was also an interesting one.

LKQ Corporation (NASDAQ:LKQ) Institutional Positions Chart

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