Steward Partners Investment Advisory LLC Increases Stock Position in Lithia Motors, Inc. (NYSE:LAD)

Steward Partners Investment Advisory LLC boosted its stake in Lithia Motors, Inc. (NYSE:LADGet Rating) by 994.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405 shares of the company’s stock after purchasing an additional 368 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Lithia Motors were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. National Bank of Canada FI purchased a new position in shares of Lithia Motors during the fourth quarter worth approximately $29,000. Geneos Wealth Management Inc. raised its stake in shares of Lithia Motors by 417.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 150 shares of the company’s stock worth $44,000 after acquiring an additional 121 shares in the last quarter. CWM LLC purchased a new position in shares of Lithia Motors during the fourth quarter worth approximately $46,000. Rockefeller Capital Management L.P. raised its stake in shares of Lithia Motors by 83.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 158 shares of the company’s stock worth $46,000 after acquiring an additional 72 shares in the last quarter. Finally, Covestor Ltd purchased a new position in shares of Lithia Motors during the fourth quarter worth approximately $57,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LAD has been the topic of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Lithia Motors from $380.00 to $325.00 in a research note on Friday, July 15th. Guggenheim lifted their target price on shares of Lithia Motors from $542.00 to $578.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. Morgan Stanley decreased their target price on shares of Lithia Motors from $260.00 to $220.00 and set an “underweight” rating on the stock in a research note on Thursday, July 14th. Wells Fargo & Company decreased their target price on shares of Lithia Motors from $350.00 to $348.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. Finally, StockNews.com downgraded shares of Lithia Motors from a “buy” rating to a “hold” rating in a research note on Saturday, July 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Lithia Motors presently has a consensus rating of “Moderate Buy” and an average price target of $367.75.

Insider Activity

In other news, Director Sidney B. Deboer sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $305.00, for a total transaction of $1,525,000.00. Following the sale, the director now owns 50,779 shares in the company, valued at approximately $15,487,595. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Sidney B. Deboer sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $305.00, for a total transaction of $1,525,000.00. Following the sale, the director now owns 50,779 shares in the company, valued at approximately $15,487,595. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sidney B. Deboer sold 998 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $310.01, for a total transaction of $309,389.98. Following the sale, the director now owns 50,779 shares in the company, valued at approximately $15,741,997.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,998 shares of company stock worth $3,394,840. Corporate insiders own 1.70% of the company’s stock.

Lithia Motors Stock Performance

NYSE:LAD opened at $270.62 on Tuesday. The stock has a market cap of $7.83 billion, a P/E ratio of 6.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The firm’s fifty day simple moving average is $282.56 and its 200 day simple moving average is $297.91. Lithia Motors, Inc. has a twelve month low of $249.20 and a twelve month high of $384.91. The company has a quick ratio of 0.45, a current ratio of 1.59 and a debt-to-equity ratio of 1.01.

Lithia Motors (NYSE:LADGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The company reported $12.18 earnings per share for the quarter, missing the consensus estimate of $12.22 by ($0.04). The company had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $7.22 billion. Lithia Motors had a net margin of 4.82% and a return on equity of 29.61%. The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $11.12 EPS. As a group, research analysts predict that Lithia Motors, Inc. will post 47.64 EPS for the current year.

Lithia Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Thursday, August 11th. Lithia Motors’s dividend payout ratio (DPR) is presently 3.92%.

Lithia Motors Profile

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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.

Further Reading

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

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