2 weeks Ago By ABMN Staff
Wellington Management Group LLP raised its stake in shares of Lithia Motors, Inc. ( NYSE:LAD – Free Report ) by 9.7% during the fourth quarter, Holdings Channel.
com reports. The institutional investor owned 10,528 shares of the company’s stock after buying an additional 930 shares during the period. Wellington Management Group LLP’s holdings in Lithia Motors were worth $3,763,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Lithia Motors by 17.
0% in the third quarter. JPMorgan Chase & Co. now owns 259,916 shares of the company’s stock valued at $82,560,000 after acquiring an additional 37,677 shares in the last quarter.
Madison Investment Advisors LLC acquired a new position in Lithia Motors in the 4th quarter valued at about $91,190,000. Charles Schwab Investment Management Inc. lifted its holdings in Lithia Motors by 1.
0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 208,253 shares of the company’s stock valued at $74,436,000 after purchasing an additional 2,108 shares in the last quarter.
Steward Partners Investment Advisory LLC boosted its stake in shares of Lithia Motors by 497.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,676 shares of the company’s stock worth $1,314,000 after purchasing an additional 3,061 shares during the last quarter.
Finally, Nisa Investment Advisors LLC grew its holdings in shares of Lithia Motors by 1,073.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,770 shares of the company’s stock worth $990,000 after buying an additional 2,534 shares in the last quarter.
Insider Buying and Selling at Lithia Motors In other Lithia Motors news, Director Shauna Mcintyre sold 248 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.84, for a total value of $72,128.
32. Following the completion of the sale, the director now owns 1,297 shares of the company’s stock, valued at $377,219.48.
This trade represents a 16.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, insider Gary M. Glandon sold 325 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $387.
86, for a total transaction of $126,054.50. Following the transaction, the insider now directly owns 1,665 shares in the company, valued at approximately $645,786.
90. The trade was a 16.33 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold 1,246 shares of company stock valued at $433,724 over the last three months. 0.
87% of the stock is owned by company insiders. Lithia Motors Stock Performance Lithia Motors ( NYSE:LAD – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $7.
79 earnings per share for the quarter, beating analysts’ consensus estimates of $7.33 by $0.46.
Lithia Motors had a net margin of 2.21% and a return on equity of 12.43%.
Equities analysts predict that Lithia Motors, Inc. will post 34.45 EPS for the current year.
Lithia Motors Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.53 per share.
The ex-dividend date was Friday, March 7th. This represents a $2.12 dividend on an annualized basis and a yield of 0.
73%. Lithia Motors’s dividend payout ratio (DPR) is 7.14%.
Wall Street Analysts Forecast Growth Several equities analysts recently issued reports on LAD shares. StockNews.com raised shares of Lithia Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th.
Wells Fargo & Company increased their price target on Lithia Motors from $346.00 to $397.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th.
JPMorgan Chase & Co. dropped their target price on Lithia Motors from $420.00 to $360.
00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Benchmark reiterated a “buy” rating and set a $400.00 target price on shares of Lithia Motors in a research report on Thursday, February 20th.
Finally, Evercore ISI lifted their price target on Lithia Motors from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th.
Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.91.
Check Out Our Latest Research Report on LAD Lithia Motors Company Profile ( Free Report ) Lithia Motors, Inc operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company’s Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products.
Its Financing Operations segment provides financing to customers buying and leasing retail vehicles. Featured Articles Want to see what other hedge funds are holding LAD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lithia Motors, Inc.
( NYSE:LAD – Free Report ). Receive News & Ratings for Lithia Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithia Motors and related companies with MarketBeat.com's FREE daily email newsletter .
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