Ameriprise Financial Inc. decreased its stake in shares of Lithia Motors, Inc. (NYSE:LAD) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 177,073 shares of the company’s stock after selling 5,325 shares during the period. Ameriprise Financial Inc. owned about 0.71% of Lithia Motors worth $21,304,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. D.A. Davidson & CO. lifted its position in shares of Lithia Motors by 7.3% during the second quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock worth $104,000 after purchasing an additional 75 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Lithia Motors by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock worth $113,000 after purchasing an additional 105 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Lithia Motors during the third quarter worth about $144,000. Public Employees Retirement System of Ohio lifted its position in shares of Lithia Motors by 10.0% during the first 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 during the last quarter. Finally, Eqis Capital Management Inc. bought a new position in shares of Lithia Motors during the third quarter worth about $202,000. 98.47% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Sidney B. Deboer sold 65,711 shares of the stock in a transaction dated 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 sale, the director now owns 1,421 shares in the company, valued at $173,035.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth E. Roberts sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $115.98, for a total transaction of $1,739,700.00. Following the completion of the sale, the director now owns 130,598 shares in the company, valued at approximately $15,146,756.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,429 shares of company stock worth $13,917,011. 7.85% of the stock is owned by company insiders.

Several equities analysts have recently commented on LAD shares. KeyCorp reaffirmed a “buy” rating and set a $130.00 price target (up previously from $119.00) on shares of Lithia Motors in a research report on Wednesday, October 4th. Zacks Investment Research lowered shares of Lithia Motors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Berenberg Bank began coverage on shares of Lithia Motors in a research note on Wednesday, October 4th. They set a “hold” rating and a $126.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Lithia Motors currently has an average rating of “Hold” and a consensus target price of $116.29.

Shares of Lithia Motors, Inc. (NYSE LAD) opened at $120.38 on Friday. The firm has a market cap of $3,004.44, a PE ratio of 14.86, a P/E/G ratio of 1.03 and a beta of 1.72. Lithia Motors, Inc. has a 12 month low of $80.88 and a 12 month high of $123.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 1.21.

Lithia Motors (NYSE:LAD) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.19). The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.62 billion. Lithia Motors had a return on equity of 21.02% and a net margin of 2.14%. Lithia Motors’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 EPS. analysts expect that Lithia Motors, Inc. will post 8.33 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.08 annualized dividend and a yield of 0.90%. Lithia Motors’s dividend payout ratio (DPR) is 13.12%.

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About Lithia Motors

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.

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

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