Lithia Motors, Inc. (NYSE:LAD) Shares Acquired by US Bancorp DE

US Bancorp DE increased its holdings in Lithia Motors, Inc. (NYSE:LADGet Rating) by 19.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,394 shares of the company’s stock after acquiring an additional 559 shares during the quarter. US Bancorp DE’s holdings in Lithia Motors were worth $1,019,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of Lithia Motors by 118.7% in the first quarter. American Century Companies Inc. now owns 9,742 shares of the company’s stock worth $2,924,000 after acquiring an additional 5,288 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in Lithia Motors by 0.8% in the first quarter. Johnson Investment Counsel Inc. now owns 7,217 shares of the company’s stock valued at $2,166,000 after buying an additional 60 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Lithia Motors by 2.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,600 shares of the company’s stock valued at $1,080,000 after buying an additional 99 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Lithia Motors by 2.2% in the first quarter. Handelsbanken Fonder AB now owns 4,558 shares of the company’s stock valued at $1,368,000 after buying an additional 100 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in Lithia Motors by 7.0% in the first quarter. Raymond James & Associates now owns 18,609 shares of the company’s stock valued at $5,585,000 after buying an additional 1,220 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley lowered their price objective on Lithia Motors from $260.00 to $220.00 and set an “underweight” rating for the company in a report on Thursday, July 14th. Wells Fargo & Company lowered their price objective on Lithia Motors from $350.00 to $348.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. StockNews.com lowered Lithia Motors from a “buy” rating to a “hold” rating in a report on Saturday, July 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Lithia Motors from $380.00 to $325.00 in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lithia Motors currently has a consensus rating of “Moderate Buy” and an average target price of $367.75.

Lithia Motors Stock Down 2.9 %

NYSE:LAD opened at $247.20 on Wednesday. The firm has a market capitalization of $6.80 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.36. The stock has a 50 day moving average of $273.64 and a 200-day moving average of $293.68. Lithia Motors, Inc. has a 52 week low of $242.87 and a 52 week high of $366.36. The company has a current ratio of 1.59, a quick ratio of 0.45 and a debt-to-equity ratio of 1.01.

Lithia Motors (NYSE:LADGet Rating) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $12.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.22 by ($0.04). Lithia Motors had a return on equity of 29.61% and a net margin of 4.82%. The business had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $7.22 billion. During the same period last year, the company earned $11.12 earnings per share. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. Analysts predict that Lithia Motors, Inc. will post 47.81 EPS for the current year.

Lithia Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Thursday, August 11th. Lithia Motors’s dividend payout ratio (DPR) is 3.92%.

Insider Buying and Selling

In other Lithia Motors news, Director Sidney B. Deboer acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was acquired at an average cost of $268.43 per share, with a total value of $268,430.00. Following the acquisition, the director now directly owns 36,735 shares of the company’s stock, valued at approximately $9,860,776.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Lithia Motors news, Director Shauna Mcintyre sold 135 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $271.55, for a total value of $36,659.25. Following the completion of the sale, the director now directly owns 2,019 shares in the company, valued at $548,259.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sidney B. Deboer bought 1,000 shares of the business’s stock in a transaction on Friday, August 19th. The stock was purchased at an average price of $268.43 per share, with a total value of $268,430.00. Following the completion of the transaction, the director now directly owns 36,735 shares of the company’s stock, valued at $9,860,776.05. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.

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.

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

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