Redwood Investments LLC Invests $2.34 Million in Lithia Motors, Inc. (NYSE:LAD)

Redwood Investments LLC acquired a new position in shares of Lithia Motors, Inc. (NYSE:LADFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,092 shares of the company’s stock, valued at approximately $2,335,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of Lithia Motors during the third quarter worth about $31,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Lithia Motors during the third quarter worth about $32,000. Denali Advisors LLC boosted its position in shares of Lithia Motors by 5,050.0% during the fourth quarter. Denali Advisors LLC now owns 103 shares of the company’s stock worth $34,000 after buying an additional 101 shares during the period. JFS Wealth Advisors LLC boosted its position in shares of Lithia Motors by 509.5% during the third quarter. JFS Wealth Advisors LLC now owns 128 shares of the company’s stock worth $38,000 after buying an additional 107 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Lithia Motors during the second quarter valued at approximately $46,000.

Analyst Ratings Changes

Several brokerages recently commented on LAD. Morgan Stanley increased their price target on Lithia Motors from $220.00 to $230.00 and gave the company an “underweight” rating in a research report on Thursday, February 29th. The Goldman Sachs Group increased their price target on Lithia Motors from $300.00 to $334.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Stephens reissued an “overweight” rating and set a $375.00 price target on shares of Lithia Motors in a research report on Wednesday, February 14th. Bank of America reduced their price target on Lithia Motors from $440.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, Evercore ISI began coverage on Lithia Motors in a research report on Wednesday, January 17th. They set an “outperform” rating and a $400.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $336.40.

Read Our Latest Report on Lithia Motors

Insider Transactions at Lithia Motors

In other news, Director Shauna Mcintyre sold 135 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $297.84, for a total transaction of $40,208.40. Following the transaction, the director now owns 1,662 shares in the company, valued at $495,010.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.79% of the stock is owned by corporate insiders.

Lithia Motors Price Performance

NYSE:LAD opened at $300.86 on Monday. The company has a quick ratio of 0.45, a current ratio of 1.41 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average price is $294.99 and its two-hundred day moving average price is $286.53. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 2.64 and a beta of 1.58. Lithia Motors, Inc. has a 12-month low of $205.97 and a 12-month high of $331.96.

Lithia Motors (NYSE:LADGet Free Report) last announced its earnings results on Wednesday, February 14th. The company reported $8.24 earnings per share for the quarter, topping analysts’ consensus estimates of $8.11 by $0.13. The company had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.95 billion. Lithia Motors had a return on equity of 17.33% and a net margin of 3.22%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $9.05 earnings per share. On average, analysts anticipate that Lithia Motors, Inc. will post 35.27 earnings per share for the current year.

Lithia Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Saturday, March 9th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, March 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.66%. Lithia Motors’s dividend payout ratio (DPR) is currently 5.51%.

Lithia Motors Company Profile

(Free Report)

Lithia Motors, Inc operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company's Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products.

See Also

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

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