Handelsbanken Fonder AB Grows Stock Holdings in Lamar Advertising Company $LAMR

Handelsbanken Fonder AB lifted its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 18.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,981 shares of the real estate investment trust’s stock after acquiring an additional 4,300 shares during the period. Handelsbanken Fonder AB’s holdings in Lamar Advertising were worth $4,364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LAMR. Sivia Capital Partners LLC bought a new position in shares of Lamar Advertising during the 2nd quarter valued at about $510,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lamar Advertising by 250.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 47,604 shares of the real estate investment trust’s stock worth $5,777,000 after acquiring an additional 34,002 shares in the last quarter. Amundi increased its holdings in shares of Lamar Advertising by 224.6% in the 2nd quarter. Amundi now owns 2,048 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 1,417 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in Lamar Advertising during the second quarter valued at approximately $873,000. Finally, Cerity Partners LLC raised its position in Lamar Advertising by 39.0% in the 2nd quarter. Cerity Partners LLC now owns 37,166 shares of the real estate investment trust’s stock worth $4,510,000 after purchasing an additional 10,423 shares during the period. Institutional investors own 93.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup downgraded shares of Lamar Advertising from a “buy” rating to a “neutral” rating and raised their price target for the stock from $145.00 to $160.00 in a research note on Friday, July 10th. Wells Fargo & Company upped their target price on Lamar Advertising from $150.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. TD Cowen raised their price target on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Morgan Stanley set a $170.00 price objective on shares of Lamar Advertising in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Lamar Advertising currently has an average rating of “Hold” and a consensus target price of $160.17.

Lamar Advertising Trading Up 0.2%

Shares of Lamar Advertising stock opened at $155.47 on Friday. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.63 and a quick ratio of 0.63. The stock’s 50 day simple moving average is $156.66 and its 200-day simple moving average is $143.66. Lamar Advertising Company has a 1-year low of $114.45 and a 1-year high of $166.33. The stock has a market cap of $15.79 billion, a P/E ratio of 28.37 and a beta of 1.19.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.58. Lamar Advertising had a net margin of 23.90% and a return on equity of 54.94%. The business had revenue of $616.75 million during the quarter, compared to the consensus estimate of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. Analysts predict that Lamar Advertising Company will post 8.41 EPS for the current fiscal year.

About Lamar Advertising

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.