Virginia Retirement Systems ET AL grew its position in Lithia Motors Inc (NYSE:LAD) by 53.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,900 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Lithia Motors were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in shares of Lithia Motors by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 187,889 shares of the company’s stock valued at $18,887,000 after acquiring an additional 5,321 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Lithia Motors by 37.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 5,558 shares of the company’s stock valued at $526,000 after acquiring an additional 1,500 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Lithia Motors by 44.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,850 shares of the company’s stock valued at $1,309,000 after acquiring an additional 4,250 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of 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 acquiring an additional 920 shares in the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in shares of Lithia Motors in the 2nd quarter valued at $8,882,000.

Several analysts have recently weighed in on the stock. Guggenheim upgraded shares of Lithia Motors from a “neutral” rating to a “buy” rating in a research note on Friday, September 21st. Craig Hallum set a $103.00 price objective on shares of Lithia Motors and gave the company a “buy” rating in a research note on Thursday, October 25th. TheStreet lowered shares of Lithia Motors from a “b-” rating to a “c+” rating in a research note on Friday, September 21st. ValuEngine upgraded shares of Lithia Motors from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 24th. Finally, Wolfe Research assumed coverage on shares of Lithia Motors in a research note on Tuesday, October 2nd. They issued a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $102.00.

Shares of LAD stock opened at $80.35 on Wednesday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 0.71 and a beta of 1.38. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.20 and a quick ratio of 0.23. Lithia Motors Inc has a 12 month low of $72.85 and a 12 month high of $127.99.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings results on Wednesday, October 24th. The company reported $2.83 EPS for the quarter, beating the Zacks’ consensus estimate of $2.53 by $0.30. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.17 billion. Lithia Motors had a net margin of 2.56% and a return on equity of 20.75%. Lithia Motors’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.18 EPS. Analysts forecast that Lithia Motors Inc will post 9.86 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Friday, November 9th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.16 dividend on an annualized basis and a yield of 1.44%. Lithia Motors’s dividend payout ratio (DPR) is presently 13.83%.

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About Lithia Motors

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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