Boston Partners Sells 16,213 Shares of Lithia Motors Inc (NYSE:LAD)

Boston Partners decreased its position in shares of Lithia Motors Inc (NYSE:LAD) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 790,575 shares of the company’s stock after selling 16,213 shares during the period. Boston Partners owned about 3.40% of Lithia Motors worth $106,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Advisory Services Network LLC grew its stake in shares of Lithia Motors by 290.5% during the second quarter. Advisory Services Network LLC now owns 246 shares of the company’s stock worth $29,000 after buying an additional 183 shares during the last quarter. Advisors Preferred LLC acquired a new position in Lithia Motors in the 2nd quarter worth about $37,000. Private Capital Group LLC increased its holdings in Lithia Motors by 132.2% in the 2nd quarter. Private Capital Group LLC now owns 404 shares of the company’s stock worth $38,000 after purchasing an additional 230 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in Lithia Motors in the third quarter valued at about $45,000. Finally, Point72 Asset Management L.P. bought a new position in Lithia Motors in the second quarter valued at about $48,000. 99.98% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Kenneth E. Roberts sold 1,758 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $160.60, for a total value of $282,334.80. Following the sale, the director now owns 100,356 shares of the company’s stock, valued at $16,117,173.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Abrams Capital Management, L.P sold 73,933 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $152.42, for a total transaction of $11,268,867.86. The disclosure for this sale can be found here. In the last three months, insiders sold 109,739 shares of company stock worth $16,878,883. Insiders own 5.21% of the company’s stock.

Several analysts have recently weighed in on LAD shares. Bank of America cut Lithia Motors from a “neutral” rating to an “underperform” rating in a report on Friday, September 13th. JPMorgan Chase & Co. lifted their target price on shares of Lithia Motors from $155.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday. ValuEngine upgraded Lithia Motors from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Craig Hallum lifted their price objective on Lithia Motors from $145.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley increased their target price on shares of Lithia Motors from $144.00 to $151.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Lithia Motors presently has an average rating of “Buy” and a consensus price target of $140.60.

Shares of NYSE LAD traded down $2.87 during trading on Friday, hitting $158.29. 886,424 shares of the company traded hands, compared to its average volume of 157,830. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.22 and a current ratio of 1.18. Lithia Motors Inc has a fifty-two week low of $69.04 and a fifty-two week high of $165.26. The business’s fifty day moving average is $159.85 and its 200 day moving average is $135.45. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 1.41 and a beta of 1.13.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $3.39 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.30. Lithia Motors had a return on equity of 20.95% and a net margin of 2.13%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the company posted $2.83 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that Lithia Motors Inc will post 11.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.20 dividend on an annualized basis and a yield of 0.76%. Lithia Motors’s dividend payout ratio (DPR) is currently 12.02%.

Lithia Motors 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.

Featured Story: Liquidity

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

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