Lithia Motors, Inc. (LAD) is New Amsterdam Partners LLC NY’s 3rd Largest Position
New Amsterdam Partners LLC NY trimmed its position in Lithia Motors, Inc. (NYSE:LAD) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,025 shares of the company’s stock after selling 4,368 shares during the quarter. Lithia Motors accounts for 2.6% of New Amsterdam Partners LLC NY’s holdings, making the stock its 3rd biggest holding. New Amsterdam Partners LLC NY owned 0.43% of Lithia Motors worth $12,395,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LAD. D.A. Davidson & CO. grew its holdings in shares of Lithia Motors by 7.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock worth $104,000 after purchasing an additional 75 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Lithia Motors by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock worth $113,000 after purchasing an additional 105 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Lithia Motors by 10.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 1,602 shares of the company’s stock worth $137,000 after purchasing an additional 146 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Lithia Motors during the 3rd quarter worth $144,000. Finally, Brighton Jones LLC acquired a new stake in shares of Lithia Motors during the 2nd quarter worth $201,000. 98.47% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Lithia Motors, Inc. (LAD) traded up $0.32 during mid-day trading on Tuesday, hitting $116.43. The company had a trading volume of 124,114 shares, compared to its average volume of 251,035. Lithia Motors, Inc. has a twelve month low of $75.85 and a twelve month high of $123.50. The company has a current ratio of 1.19, a quick ratio of 0.23 and a debt-to-equity ratio of 0.79. The company has a market cap of $2,890.00, a P/E ratio of 14.34, a P/E/G ratio of 0.99 and a beta of 1.72.
Lithia Motors (NYSE:LAD) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.19). Lithia Motors had a return on equity of 21.47% and a net margin of 2.14%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the company posted $2.06 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. analysts anticipate that Lithia Motors, Inc. will post 8.34 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, November 9th. This represents a $1.08 annualized dividend and a yield of 0.93%. Lithia Motors’s dividend payout ratio is currently 13.12%.
In other Lithia Motors news, Director Sidney B. Deboer sold 65,711 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $121.77, for a total transaction of $8,001,628.47. Following the completion of the sale, the director now directly owns 1,421 shares in the company, valued at $173,035.17. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John F. North sold 3,959 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $104.50, for a total transaction of $413,715.50. Following the sale, the insider now owns 9,095 shares of the company’s stock, valued at $950,427.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,581 shares of company stock valued at $16,905,722. 7.85% of the stock is owned by insiders.
LAD has been the topic of several analyst reports. Morgan Stanley reissued an “overweight” rating and set a $116.00 target price (up from $106.00) on shares of Lithia Motors in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and set a $125.00 target price on shares of Lithia Motors in a report on Thursday, August 3rd. Zacks Investment Research raised Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $121.00 target price on the stock in a report on Wednesday, August 23rd. KeyCorp reissued a “buy” rating and set a $130.00 target price (up from $119.00) on shares of Lithia Motors in a report on Wednesday, October 4th. Finally, Berenberg Bank initiated coverage on Lithia Motors in a report on Wednesday, October 4th. They set a “hold” rating and a $126.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Lithia Motors has an average rating of “Hold” and an average target price of $116.29.
Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.
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