Steward Partners Investment Advisory LLC Raises Stock Holdings in Lithia Motors, Inc. (NYSE:LAD)

Steward Partners Investment Advisory LLC grew its holdings in shares of Lithia Motors, Inc. (NYSE:LADGet Rating) by 994.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 405 shares of the company’s stock after purchasing an additional 368 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Lithia Motors were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in shares of Lithia Motors during the 4th quarter valued at about $252,000. Rafferty Asset Management LLC grew its stake in shares of Lithia Motors by 15.9% during the 4th quarter. Rafferty Asset Management LLC now owns 3,343 shares of the company’s stock valued at $993,000 after acquiring an additional 458 shares during the period. Campbell Newman Asset Management Inc. grew its stake in shares of Lithia Motors by 2.7% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 2,829 shares of the company’s stock valued at $849,000 after acquiring an additional 75 shares during the period. Metatron Capital SICAV plc bought a new position in shares of Lithia Motors during the 4th quarter valued at approximately $1,912,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Lithia Motors by 160.9% during the 4th quarter. BNP Paribas Arbitrage SA now owns 17,465 shares of the company’s stock valued at $5,186,000 after acquiring an additional 10,771 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Insiders Place Their Bets

In other Lithia Motors news, Director Sidney B. Deboer sold 5,000 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $312.09, for a total value of $1,560,450.00. Following the sale, the director now owns 45,779 shares in the company, valued at $14,287,168.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Sidney B. Deboer sold 998 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $310.01, for a total transaction of $309,389.98. Following the transaction, the director now owns 50,779 shares in the company, valued at $15,741,997.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sidney B. Deboer sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $312.09, for a total value of $1,560,450.00. Following the transaction, the director now owns 45,779 shares in the company, valued at approximately $14,287,168.11. The disclosure for this sale can be found here. Insiders have sold a total of 10,998 shares of company stock worth $3,394,840 over the last quarter. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com downgraded Lithia Motors from a “buy” rating to a “hold” rating in a research note on Saturday, July 23rd. Morgan Stanley dropped their price target on Lithia Motors from $260.00 to $220.00 and set an “underweight” rating for the company in a research note on Thursday, July 14th. Wells Fargo & Company dropped their price target on Lithia Motors from $350.00 to $348.00 and set an “overweight” rating for the company in a research note on Thursday, July 14th. JPMorgan Chase & Co. dropped their price target on Lithia Motors from $380.00 to $325.00 in a research note on Friday, July 15th. Finally, Guggenheim upped their price target on Lithia Motors from $542.00 to $578.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lithia Motors currently has an average rating of “Moderate Buy” and a consensus target price of $367.75.

Lithia Motors Stock Up 2.0 %

NYSE LAD opened at $270.62 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.45 and a current ratio of 1.59. The company has a market capitalization of $7.83 billion, a P/E ratio of 6.32, a P/E/G ratio of 0.89 and a beta of 1.37. Lithia Motors, Inc. has a one year low of $249.20 and a one year high of $384.91. The stock has a 50 day moving average price of $282.56 and a 200-day moving average price of $297.91.

Lithia Motors (NYSE:LADGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The company reported $12.18 earnings per share for the quarter, missing the consensus estimate of $12.22 by ($0.04). Lithia Motors had a net margin of 4.82% and a return on equity of 29.61%. The company had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $7.22 billion. During the same quarter in the previous year, the company posted $11.12 EPS. The business’s quarterly revenue was up 20.5% on a year-over-year basis. As a group, equities analysts predict that Lithia Motors, Inc. will post 47.64 EPS for the current fiscal year.

Lithia Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be paid a $0.42 dividend. The ex-dividend date is Thursday, August 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.62%. Lithia Motors’s payout ratio is 3.92%.

Lithia Motors Company Profile

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Lithia Motors, Inc operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts under the Driveway and GreenCars brand names.

Further Reading

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Institutional Ownership by Quarter for Lithia Motors (NYSE:LAD)

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