Neuberger Berman Group LLC Cuts Stock Position in Lithia Motors, Inc. (NYSE:LAD)

Neuberger Berman Group LLC cut its holdings in shares of Lithia Motors, Inc. (NYSE:LADGet Rating) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 452,056 shares of the company’s stock after selling 9,707 shares during the period. Neuberger Berman Group LLC owned about 1.56% of Lithia Motors worth $135,671,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its stake in Lithia Motors by 83.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 158 shares of the company’s stock worth $46,000 after purchasing an additional 72 shares during the period. Quadrant Capital Group LLC grew its position in shares of Lithia Motors by 97.6% during the first quarter. Quadrant Capital Group LLC now owns 164 shares of the company’s stock worth $49,000 after buying an additional 81 shares in the last quarter. Ten Capital Wealth Advisors LLC acquired a new position in shares of Lithia Motors during the first quarter worth about $52,000. Covestor Ltd acquired a new position in shares of Lithia Motors during the fourth quarter worth about $57,000. Finally, CWM LLC grew its position in shares of Lithia Motors by 50.6% during the first quarter. CWM LLC now owns 235 shares of the company’s stock worth $71,000 after buying an additional 79 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. 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 research report on Thursday, July 14th. StockNews.com downgraded Lithia Motors from a “buy” rating to a “hold” rating in a report on Saturday, July 23rd. Morgan Stanley lowered their price target on Lithia Motors from $260.00 to $220.00 and set an “underweight” rating for the company in a report on Thursday, July 14th. Bank of America lowered their price target on Lithia Motors from $565.00 to $470.00 and set a “buy” rating for the company in a report on Friday, September 9th. Finally, JPMorgan Chase & Co. lowered their price target on Lithia Motors from $380.00 to $325.00 in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $388.20.

Lithia Motors Price Performance

LAD stock opened at $238.08 on Friday. The company has a market capitalization of $6.55 billion, a P/E ratio of 5.56, a PEG ratio of 1.00 and a beta of 1.36. Lithia Motors, Inc. has a twelve month low of $233.87 and a twelve month high of $366.36. The business has a 50 day simple moving average of $266.08 and a 200-day simple moving average of $287.95. 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 posted its quarterly earnings data 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). The firm had revenue of $7.24 billion during the quarter, compared to analyst estimates of $7.22 billion. Lithia Motors had a net margin of 4.82% and a return on equity of 29.61%. Lithia Motors’s revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company posted $11.12 earnings per share. As a group, equities analysts anticipate that Lithia Motors, Inc. will post 47.81 EPS for the current year.

Lithia Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, August 11th. Lithia Motors’s dividend payout ratio (DPR) is presently 3.92%.

Insider Transactions at Lithia Motors

In related news, Director Sidney B. Deboer purchased 1,000 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was acquired at an average price of $268.43 per share, for a total transaction of $268,430.00. Following the completion of the purchase, the director now directly owns 36,735 shares of the company’s stock, valued at $9,860,776.05. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Sidney B. Deboer purchased 1,000 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was acquired at an average price of $268.43 per share, for a total transaction of $268,430.00. Following the completion of the purchase, the director now directly owns 36,735 shares of the company’s stock, valued at $9,860,776.05. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the director now owns 2,019 shares of the company’s stock, valued at approximately $548,259.45. The disclosure for this sale can be found here. Company 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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