Lithia Motors, Inc. (NYSE:LAD) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. decreased its position in shares of Lithia Motors, Inc. (NYSE:LADGet Rating) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,602 shares of the company’s stock after selling 238 shares during the quarter. Shell Asset Management Co.’s holdings in Lithia Motors were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baird Financial Group Inc. lifted its position in Lithia Motors by 3.0% in the fourth quarter. Baird Financial Group Inc. now owns 1,096 shares of the company’s stock valued at $325,000 after buying an additional 32 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position in Lithia Motors by 3.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 1,076 shares of the company’s stock valued at $320,000 after buying an additional 39 shares during the last quarter. CIBC Asset Management Inc lifted its position in Lithia Motors by 3.3% in the fourth quarter. CIBC Asset Management Inc now owns 1,277 shares of the company’s stock valued at $379,000 after buying an additional 41 shares during the last quarter. Arizona State Retirement System lifted its position in Lithia Motors by 0.5% in the first quarter. Arizona State Retirement System now owns 8,185 shares of the company’s stock valued at $2,456,000 after buying an additional 43 shares during the last quarter. Finally, Hallmark Capital Management Inc. lifted its position in Lithia Motors by 5.4% in the first quarter. Hallmark Capital Management Inc. now owns 943 shares of the company’s stock valued at $283,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Lithia Motors Stock Up 2.1 %

LAD stock opened at $271.39 on Thursday. The company’s 50 day moving average price is $281.83 and its 200 day moving average price is $297.51. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.45 and a current ratio of 1.59. Lithia Motors, Inc. has a fifty-two week low of $249.20 and a fifty-two week high of $379.25. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.91 and a beta of 1.37.

Lithia Motors (NYSE:LADGet Rating) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $12.18 EPS 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 analysts’ expectations 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 for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.12 earnings per share. On average, equities research analysts anticipate that Lithia Motors, Inc. will post 47.83 EPS for the current fiscal year.

Lithia Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be paid a $0.42 dividend. The ex-dividend date is Thursday, August 11th. This represents a $1.68 annualized dividend and a yield of 0.62%. Lithia Motors’s dividend payout ratio is currently 3.92%.

Insider Buying and Selling at Lithia Motors

In other Lithia Motors news, Director Sidney B. Deboer sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 50,779 shares in the company, valued at $15,487,595. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Sidney B. Deboer sold 998 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $15,741,997.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sidney B. Deboer sold 5,000 shares of the stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $305.00, for a total value of $1,525,000.00. Following the sale, the director now directly owns 50,779 shares of the company’s stock, valued at $15,487,595. The disclosure for this sale can be found here. Insiders have sold 10,998 shares of company stock worth $3,394,840 over the last three months. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LAD. Morgan Stanley reduced their price target on shares of Lithia Motors from $260.00 to $220.00 and set an “underweight” rating on the stock in a research report on Thursday, July 14th. StockNews.com cut shares of Lithia Motors from a “buy” rating to a “hold” rating in a research report on Saturday, July 23rd. Wells Fargo & Company reduced their price target on shares of Lithia Motors from $350.00 to $348.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. JPMorgan Chase & Co. reduced their price target on shares of Lithia Motors from $380.00 to $325.00 in a research report on Friday, July 15th. Finally, Guggenheim upped 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $367.75.

About Lithia Motors

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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.

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

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