Isthmus Partners LLC Purchases New Stake in Lithia Motors, Inc. (NYSE:LAD)

Isthmus Partners LLC purchased a new stake in Lithia Motors, Inc. (NYSE:LADFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 870 shares of the company’s stock, valued at approximately $286,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LAD. Norges Bank acquired a new stake in shares of Lithia Motors in the fourth quarter valued at approximately $123,976,000. FMR LLC increased its stake in Lithia Motors by 10.3% during the third quarter. FMR LLC now owns 492,273 shares of the company’s stock worth $145,383,000 after acquiring an additional 45,977 shares during the last quarter. Boston Partners increased its stake in Lithia Motors by 67.5% during the fourth quarter. Boston Partners now owns 82,915 shares of the company’s stock worth $26,734,000 after acquiring an additional 33,405 shares during the last quarter. Kensico Capital Management Corp increased its stake in Lithia Motors by 41.3% during the third quarter. Kensico Capital Management Corp now owns 113,000 shares of the company’s stock worth $33,372,000 after acquiring an additional 33,000 shares during the last quarter. Finally, UBS Group AG increased its stake in Lithia Motors by 1,288.3% during the third quarter. UBS Group AG now owns 31,862 shares of the company’s stock worth $9,410,000 after acquiring an additional 29,567 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LAD shares. JPMorgan Chase & Co. cut their target price on Lithia Motors from $285.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Morgan Stanley lifted their price objective on Lithia Motors from $220.00 to $230.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. Wells Fargo & Company dropped their price objective on Lithia Motors from $290.00 to $248.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. StockNews.com raised Lithia Motors from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group lifted their price objective on Lithia Motors from $300.00 to $334.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lithia Motors presently has a consensus rating of “Hold” and an average target price of $318.55.

Get Our Latest Research Report on Lithia Motors

Lithia Motors Stock Up 2.3 %

NYSE:LAD traded up $5.68 during midday trading on Thursday, reaching $252.02. The company had a trading volume of 248,189 shares, compared to its average volume of 227,248. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 3.00 and a beta of 1.59. The company has a current ratio of 1.17, a quick ratio of 0.28 and a debt-to-equity ratio of 1.17. The stock’s fifty day simple moving average is $269.72 and its 200-day simple moving average is $284.31. Lithia Motors, Inc. has a 12-month low of $229.71 and a 12-month high of $331.96.

Lithia Motors (NYSE:LADGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $6.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.85 by ($1.74). The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.58 billion. Lithia Motors had a return on equity of 15.62% and a net margin of 2.87%. The company’s revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the company posted $8.44 earnings per share. On average, sell-side analysts anticipate that Lithia Motors, Inc. will post 28.78 earnings per share for the current fiscal year.

Lithia Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.53 per share. This is a boost from Lithia Motors’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, May 9th. Lithia Motors’s dividend payout ratio is currently 6.26%.

Insider Transactions at Lithia Motors

In other news, Director Shauna Mcintyre sold 138 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $254.42, for a total transaction of $35,109.96. Following the completion of the transaction, the director now directly owns 2,228 shares of the company’s stock, valued at approximately $566,847.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.79% of the company’s stock.

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.

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

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