2 weeks Ago By ABMN Staff
Townsquare Capital LLC bought a new position in shares of Lithia Motors, Inc. ( NYSE:LAD – Free Report ) during the 4th quarter, Holdings Channel reports. The firm bought 887 shares of the company’s stock, valued at approximately $317,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Atlas Capital Advisors Inc. purchased a new position in Lithia Motors in the 4th quarter valued at approximately $34,000.
SBI Securities Co. Ltd. purchased a new position in shares of Lithia Motors in the fourth quarter valued at $35,000.
UMB Bank n.a. boosted its position in shares of Lithia Motors by 69.
9% in the 4th quarter. UMB Bank n.a.
now owns 124 shares of the company’s stock worth $44,000 after buying an additional 51 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Lithia Motors by 33.9% in the 4th quarter.
V Square Quantitative Management LLC now owns 146 shares of the company’s stock valued at $52,000 after acquiring an additional 37 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in Lithia Motors by 1,420.
0% during the fourth quarter. Rakuten Securities Inc. now owns 152 shares of the company’s stock worth $54,000 after acquiring an additional 142 shares during the last quarter.
Analyst Upgrades and Downgrades A number of research analysts have recently weighed in 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.
Evercore ISI boosted their price objective on shares of Lithia Motors from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th.
Wells Fargo & Company cut their price target on Lithia Motors from $397.00 to $308.00 and set an “equal weight” rating for the company in a report on Monday.
JPMorgan Chase & Co. decreased their price target on Lithia Motors from $420.00 to $360.
00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, Benchmark restated a “buy” rating and issued a $400.00 target price on shares of Lithia Motors in a report on Thursday, February 20th.
Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $357.82.
Lithia Motors Trading Down 1.5 % Shares of LAD opened at $284.36 on Tuesday.
The company has a debt-to-equity ratio of 1.22, a current ratio of 1.19 and a quick ratio of 0.
28. Lithia Motors, Inc. has a 12 month low of $243.
00 and a 12 month high of $405.68. The stock has a market cap of $7.
47 billion, a PE ratio of 9.58, a P/E/G ratio of 4.65 and a beta of 1.
61. The stock’s 50-day moving average is $312.31 and its two-hundred day moving average is $341.
42. Lithia Motors ( NYSE:LAD – Get Free Report ) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $7.
79 earnings per share (EPS) 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 forecast that Lithia Motors, Inc. will post 34.45 earnings per share for the current fiscal year.
Lithia Motors Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.53 per share.
The ex-dividend date of this dividend was Friday, March 7th. This represents a $2.12 annualized dividend and a dividend yield of 0.
75%. Lithia Motors’s dividend payout ratio is presently 7.14%.
Insider Buying and Selling In other news, insider Gary M. Glandon sold 325 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $387.
86, for a total value of $126,054.50. Following the completion of the sale, the insider now owns 1,665 shares of the company’s stock, valued at approximately $645,786.
90. The trade was a 16.33 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, Director Shauna Mcintyre sold 248 shares of Lithia Motors stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.
84, for a total value of $72,128.32. Following the completion of the transaction, 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 disclosure for this sale can be found here . Over the last 90 days, insiders have sold 1,246 shares of company stock worth $433,724. 0.
87% of the stock is currently owned by corporate insiders. Lithia Motors 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.
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