Great West Life Assurance Co. Can lowered its holdings in Lithia Motors Inc (NYSE:LAD) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,239 shares of the company’s stock after selling 877 shares during the period. Great West Life Assurance Co. Can owned approximately 0.13% of Lithia Motors worth $2,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. California Public Employees Retirement System boosted its holdings in Lithia Motors by 1.8% in the 1st quarter. California Public Employees Retirement System now owns 33,378 shares of the company’s stock valued at $3,355,000 after purchasing an additional 601 shares during the period. Profund Advisors LLC boosted its holdings in Lithia Motors by 18.5% in the 1st quarter. Profund Advisors LLC now owns 4,753 shares of the company’s stock valued at $478,000 after purchasing an additional 743 shares during the period. Prudential Financial Inc. boosted its holdings in Lithia Motors by 1.1% in the 1st quarter. Prudential Financial Inc. now owns 72,851 shares of the company’s stock valued at $7,323,000 after purchasing an additional 810 shares during the period. UBS Group AG boosted its holdings in Lithia Motors by 2.0% in the 1st quarter. UBS Group AG now owns 44,716 shares of the company’s stock valued at $4,496,000 after purchasing an additional 858 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Lithia Motors by 15.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,920 shares of the company’s stock valued at $654,000 after purchasing an additional 920 shares during the period.

LAD has been the subject of a number of recent research reports. Craig Hallum reissued a “buy” rating on shares of Lithia Motors in a report on Thursday. Morgan Stanley cut their price objective on shares of Lithia Motors from $126.00 to $107.00 and set a “buy” rating for the company in a report on Wednesday, August 15th. Buckingham Research cut their price objective on shares of Lithia Motors from $129.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 26th. Zacks Investment Research raised shares of Lithia Motors from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Monday, May 28th. Finally, Stephens downgraded shares of Lithia Motors from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $113.57.

In other news, insider John F. North purchased 1,175 shares of the business’s stock in a transaction dated Monday, July 30th. The stock was bought at an average price of $84.91 per share, with a total value of $99,769.25. Following the acquisition, the insider now owns 15,481 shares in the company, valued at approximately $1,314,491.71. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Holzshu purchased 1,250 shares of the business’s stock in a transaction dated Friday, July 27th. The shares were purchased at an average cost of $82.23 per share, with a total value of $102,787.50. Following the acquisition, the insider now owns 35,862 shares in the company, valued at approximately $2,948,932.26. The disclosure for this purchase can be found here. Corporate insiders own 5.95% of the company’s stock.

Shares of Lithia Motors stock opened at $86.64 on Friday. Lithia Motors Inc has a 1-year low of $78.85 and a 1-year high of $127.99. The company has a quick ratio of 0.23, a current ratio of 1.20 and a debt-to-equity ratio of 1.12. The company has a market cap of $1.97 billion, a PE ratio of 9.13, a PEG ratio of 0.70 and a beta of 1.58.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $2.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.94 by ($0.42). Lithia Motors had a return on equity of 20.30% and a net margin of 2.28%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the company posted $2.28 EPS. The business’s revenue was up 25.5% on a year-over-year basis. research analysts forecast that Lithia Motors Inc will post 9.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 29th. Stockholders of record on Wednesday, August 15th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, August 14th. Lithia Motors’s dividend payout ratio (DPR) is presently 13.83%.

Lithia Motors Profile

Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.

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

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