Denali Advisors LLC Has $34,000 Holdings in Lithia Motors, Inc. (NYSE:LAD)

Denali Advisors LLC lifted its position in shares of Lithia Motors, Inc. (NYSE:LADFree Report) by 5,050.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103 shares of the company’s stock after acquiring an additional 101 shares during the quarter. Denali Advisors LLC’s holdings in Lithia Motors were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Lithia Motors by 3.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,278 shares of the company’s stock worth $262,000 after purchasing an additional 41 shares during the last quarter. State of Wyoming boosted its position in Lithia Motors by 35.2% during the 2nd quarter. State of Wyoming now owns 196 shares of the company’s stock worth $60,000 after buying an additional 51 shares during the period. Fifth Third Bancorp grew its holdings in Lithia Motors by 32.0% during the 3rd quarter. Fifth Third Bancorp now owns 231 shares of the company’s stock worth $68,000 after acquiring an additional 56 shares during the last quarter. Victory Capital Management Inc. increased its position in Lithia Motors by 0.3% in the 3rd quarter. Victory Capital Management Inc. now owns 17,113 shares of the company’s stock valued at $5,054,000 after acquiring an additional 59 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in shares of Lithia Motors by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 11,886 shares of the company’s stock valued at $3,510,000 after acquiring an additional 60 shares during the last quarter.

Insider Activity

In related news, Director Shauna Mcintyre sold 135 shares of Lithia Motors stock in a transaction on Friday, February 16th. The shares were sold at an average price of $297.84, for a total value of $40,208.40. Following the completion of the sale, the director now owns 1,662 shares of the company’s stock, valued at approximately $495,010.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Bank of America decreased their price objective on Lithia Motors from $440.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, February 29th. The Goldman Sachs Group lifted their price objective on Lithia Motors from $300.00 to $334.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Morgan Stanley increased their target price on shares of Lithia Motors from $220.00 to $230.00 and gave the company an “underweight” rating in a research report on Thursday, February 29th. Evercore ISI began coverage on shares of Lithia Motors in a research report on Wednesday, January 17th. They issued an “outperform” rating and a $400.00 price target on the stock. Finally, StockNews.com cut shares of Lithia Motors from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Lithia Motors currently has a consensus rating of “Hold” and an average target price of $336.40.

Read Our Latest Stock Analysis on LAD

Lithia Motors Stock Performance

NYSE:LAD opened at $295.86 on Tuesday. The firm has a market capitalization of $8.14 billion, a P/E ratio of 8.15, a P/E/G ratio of 2.64 and a beta of 1.58. Lithia Motors, Inc. has a twelve month low of $205.97 and a twelve month high of $331.96. The company has a fifty day moving average of $294.83 and a 200-day moving average of $286.46. The company has a quick ratio of 0.45, a current ratio of 1.41 and a debt-to-equity ratio of 1.15.

Lithia Motors (NYSE:LADGet Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $8.24 earnings per share for the quarter, beating the consensus estimate of $8.11 by $0.13. The firm had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.95 billion. Lithia Motors had a net margin of 3.22% and a return on equity of 17.33%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.05 earnings per share. As a group, sell-side analysts anticipate that Lithia Motors, Inc. will post 35.27 EPS for the current year.

Lithia Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Saturday, March 9th were paid a $0.50 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.68%. Lithia Motors’s dividend payout ratio (DPR) is presently 5.51%.

About Lithia Motors

(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.

Further Reading

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

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