Haverford Financial Services Inc. boosted its holdings in Lithia Motors (NYSE:LAD) by 122.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,199 shares of the company’s stock after buying an additional 4,510 shares during the quarter. Haverford Financial Services Inc.’s holdings in Lithia Motors were worth $824,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in Lithia Motors by 15.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 626,421 shares of the company’s stock worth $71,155,000 after purchasing an additional 82,360 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Lithia Motors by 8.4% during the 4th quarter. Westwood Holdings Group Inc. now owns 225,855 shares of the company’s stock worth $25,655,000 after purchasing an additional 17,425 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Lithia Motors during the 4th quarter worth approximately $1,195,000. Wasatch Advisors Inc. grew its position in Lithia Motors by 141.9% during the 4th quarter. Wasatch Advisors Inc. now owns 129,037 shares of the company’s stock worth $14,657,000 after purchasing an additional 75,686 shares in the last quarter. Finally, Boston Partners grew its position in Lithia Motors by 7.5% during the 4th quarter. Boston Partners now owns 586,891 shares of the company’s stock worth $66,665,000 after purchasing an additional 41,190 shares in the last quarter.
Lithia Motors stock opened at $98.07 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.24 and a current ratio of 1.19. Lithia Motors has a 12 month low of $97.16 and a 12 month high of $97.97. The firm has a market cap of $2.44 billion, a PE ratio of 11.69, a P/E/G ratio of 0.55 and a beta of 1.73.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Wednesday, April 25th. The company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.23). Lithia Motors had a net margin of 2.34% and a return on equity of 20.61%. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The company’s revenue was up 18.9% on a year-over-year basis. equities analysts expect that Lithia Motors will post 10.58 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 11th will be issued a dividend of $0.29 per share. This is a boost from Lithia Motors’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, May 10th. Lithia Motors’s payout ratio is currently 13.83%.
LAD has been the topic of several research analyst reports. Buckingham Research lowered their price objective on shares of Lithia Motors from $137.00 to $131.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Stephens reiterated a “buy” rating on shares of Lithia Motors in a research report on Thursday, February 15th. Zacks Investment Research cut shares of Lithia Motors from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Morgan Stanley lifted their price objective on shares of Lithia Motors from $116.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 14th. Finally, ValuEngine cut shares of Lithia Motors from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Lithia Motors currently has a consensus rating of “Buy” and an average target price of $125.14.
Lithia Motors Company Profile
Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.
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