Janney Montgomery Scott LLC Has $242,000 Holdings in Lithia Motors, Inc. (NYSE:LAD)

Janney Montgomery Scott LLC cut its stake in Lithia Motors, Inc. (NYSE:LADGet Rating) by 38.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 847 shares of the company’s stock after selling 529 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Lithia Motors were worth $242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LAD. Adirondack Trust Co. increased its stake in shares of Lithia Motors by 100.0% in the 2nd quarter. Adirondack Trust Co. now owns 100 shares of the company’s stock valued at $27,000 after acquiring an additional 50 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Lithia Motors by 2,112.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 177 shares of the company’s stock valued at $48,000 after acquiring an additional 169 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Lithia Motors by 97.6% in the 1st quarter. Quadrant Capital Group LLC now owns 164 shares of the company’s stock valued at $49,000 after acquiring an additional 81 shares during the last quarter. Ten Capital Wealth Advisors LLC bought a new stake in shares of Lithia Motors in the 1st quarter valued at about $52,000. Finally, Charter Oak Capital Management LLC bought a new stake in shares of Lithia Motors in the 2nd quarter valued at about $53,000. 97.28% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Sidney B. Deboer acquired 1,000 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was bought at an average price of $268.43 per share, with a total value of $268,430.00. Following the acquisition, the director now owns 36,735 shares in the company, valued at approximately $9,860,776.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Lithia Motors news, Director Sidney B. Deboer purchased 1,000 shares of the business’s stock in a transaction on Friday, August 19th. The stock was acquired at an average price 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 filing with the SEC, which is accessible through the SEC website. Also, Director Shauna Mcintyre sold 180 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $241.34, for a total value of $43,441.20. Following the sale, the director now directly owns 1,839 shares of the company’s stock, valued at approximately $443,824.26. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on LAD. Guggenheim lowered their target price on Lithia Motors to $358.00 in a research note on Thursday, October 13th. StockNews.com began coverage on Lithia Motors in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley lowered their target price on Lithia Motors from $220.00 to $200.00 and set an “underweight” rating for the company in a research note on Wednesday, October 26th. JPMorgan Chase & Co. lowered their target price on Lithia Motors from $325.00 to $285.00 and set an “overweight” rating for the company in a research note on Thursday, October 6th. Finally, TheStreet cut Lithia Motors from a “b” rating to a “c+” rating in a research note on Friday, September 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $311.00.

Lithia Motors Price Performance

Shares of LAD opened at $237.00 on Thursday. The stock has a market capitalization of $6.48 billion, a P/E ratio of 5.31, a P/E/G ratio of 1.03 and a beta of 1.32. Lithia Motors, Inc. has a twelve month low of $180.00 and a twelve month high of $349.61. The company has a 50 day moving average of $218.66 and a 200-day moving average of $258.43. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 1.05.

Lithia Motors (NYSE:LADGet Rating) last released its quarterly earnings data on Wednesday, October 19th. The company reported $11.08 EPS for the quarter, missing the consensus estimate of $11.90 by ($0.82). The company had revenue of $7.30 billion during the quarter, compared to analyst estimates of $7.34 billion. Lithia Motors had a net margin of 4.70% and a return on equity of 28.20%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $11.21 EPS. As a group, equities research analysts forecast that Lithia Motors, Inc. will post 46.03 EPS for the current fiscal year.

Lithia Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Friday, November 11th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, November 9th. Lithia Motors’s payout ratio is presently 3.76%.

About Lithia Motors

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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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