Boston Partners raised its stake in shares of Lithia Motors Inc (NYSE:LAD) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 806,490 shares of the company’s stock after purchasing an additional 45,728 shares during the quarter. Boston Partners owned approximately 3.43% of Lithia Motors worth $61,560,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can boosted its holdings in shares of Lithia Motors by 65.8% during the 4th quarter. Bank of Montreal Can now owns 1,096 shares of the company’s stock valued at $84,000 after buying an additional 435 shares in the last quarter. Quattro Financial Advisors LLC bought a new stake in shares of Lithia Motors during the 4th quarter valued at $85,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Lithia Motors by 14.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the company’s stock valued at $139,000 after buying an additional 230 shares in the last quarter. MML Investors Services LLC bought a new stake in shares of Lithia Motors during the 3rd quarter valued at $231,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Lithia Motors during the 3rd quarter valued at $234,000.
A number of brokerages have recently commented on LAD. ValuEngine upgraded shares of Lithia Motors from a “strong sell” rating to a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. began coverage on shares of Lithia Motors in a report on Tuesday. They set an “overweight” rating and a $112.00 target price on the stock. Seaport Global Securities began coverage on shares of Lithia Motors in a report on Wednesday, February 13th. They set a “buy” rating and a $110.00 target price on the stock. Zacks Investment Research cut shares of Lithia Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Finally, TheStreet upgraded shares of Lithia Motors from a “c+” rating to a “b-” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $106.29.
In related news, Director Susan O. Cain sold 1,462 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $87.15, for a total value of $127,413.30. Following the transaction, the director now owns 10,849 shares in the company, valued at approximately $945,490.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.18% of the company’s stock.
Shares of Lithia Motors stock opened at $88.55 on Friday. The stock has a market capitalization of $2.12 billion, a P/E ratio of 9.05, a PEG ratio of 1.05 and a beta of 1.24. Lithia Motors Inc has a 1 year low of $67.90 and a 1 year high of $112.21. The company has a current ratio of 1.20, a quick ratio of 0.25 and a debt-to-equity ratio of 1.13.
Lithia Motors (NYSE:LAD) last announced its quarterly earnings results on Wednesday, February 13th. The company reported $2.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.12. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Lithia Motors had a net margin of 2.25% and a return on equity of 20.82%. Lithia Motors’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.15 EPS. As a group, analysts expect that Lithia Motors Inc will post 10.3 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, March 7th. Lithia Motors’s payout ratio is 11.62%.
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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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