First Hawaiian Bank Has $724,000 Holdings in Lithia Motors, Inc. (NYSE:LAD)

First Hawaiian Bank boosted its holdings in shares of Lithia Motors, Inc. (NYSE:LADGet Rating) by 17.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,413 shares of the company’s stock after buying an additional 351 shares during the quarter. First Hawaiian Bank’s holdings in Lithia Motors were worth $724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Lithia Motors by 246.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,009,919 shares of the company’s stock valued at $299,895,000 after purchasing an additional 718,639 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Lithia Motors by 40.5% in the fourth quarter. Geode Capital Management LLC now owns 512,096 shares of the company’s stock valued at $152,066,000 after purchasing an additional 147,572 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Lithia Motors in the fourth quarter valued at approximately $26,029,000. Millennium Management LLC grew its position in shares of Lithia Motors by 28.4% in the fourth quarter. Millennium Management LLC now owns 371,352 shares of the company’s stock valued at $110,273,000 after purchasing an additional 82,238 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Lithia Motors by 71.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 194,941 shares of the company’s stock valued at $57,887,000 after buying an additional 81,257 shares during the period. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

NYSE LAD opened at $271.27 on Thursday. The business has a fifty day moving average price of $291.14 and a two-hundred day moving average price of $300.92. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.38 and a quick ratio of 0.42. Lithia Motors, Inc. has a fifty-two week low of $252.56 and a fifty-two week high of $387.63. The stock has a market capitalization of $7.85 billion, a PE ratio of 6.46, a PEG ratio of 0.92 and a beta of 1.48.

Lithia Motors (NYSE:LADGet Rating) last announced its quarterly earnings results on Wednesday, April 20th. The company reported $11.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.63 by $2.33. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.34 billion. Lithia Motors had a net margin of 4.95% and a return on equity of 29.65%. The company’s revenue for the quarter was up 54.4% compared to the same quarter last year. During the same period in the prior year, the business earned $5.89 earnings per share. As a group, sell-side analysts expect that Lithia Motors, Inc. will post 46.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Friday, May 13th were issued a dividend of $0.42 per share. The ex-dividend date was Thursday, May 12th. This is an increase from Lithia Motors’s previous quarterly dividend of $0.35. This represents a $1.68 annualized dividend and a dividend yield of 0.62%. Lithia Motors’s dividend payout ratio is 4.00%.

In related news, Director Sidney B. Deboer sold 998 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $310.01, for a total value of $309,389.98. Following the completion of the sale, the director now directly owns 50,779 shares in the company, valued at $15,741,997.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sidney B. Deboer sold 5,000 shares of the stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $305.00, for a total value of $1,525,000.00. Following the completion of the sale, the director now owns 50,779 shares of the company’s stock, valued at $15,487,595. The disclosure for this sale can be found here. Insiders sold 10,998 shares of company stock valued at $3,394,840 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on LAD shares. Guggenheim boosted their price target on Lithia Motors from $542.00 to $578.00 and gave the company a “buy” rating in a research note on Thursday, April 21st. Morgan Stanley cut their price target on Lithia Motors from $300.00 to $260.00 and set an “underweight” rating for the company in a research note on Friday, May 20th. Wells Fargo & Company cut their price target on Lithia Motors from $362.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, April 21st. JPMorgan Chase & Co. cut their price target on Lithia Motors from $425.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Finally, StockNews.com upgraded Lithia Motors from a “hold” rating to a “buy” rating in a research note on Saturday, June 18th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Lithia Motors has a consensus rating of “Moderate Buy” and a consensus price target of $425.83.

Lithia Motors Profile (Get Rating)

Lithia Motors, Inc operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts under the Driveway and GreenCars brand names.

See Also

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

Want More Great Investing Ideas?

Receive News & Ratings for Lithia Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithia Motors and related companies with MarketBeat.com's FREE daily email newsletter.