Bridge City Capital LLC acquired a new stake in shares of Lithia Motors, Inc. (NYSE:LAD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,278 shares of the company’s stock, valued at approximately $1,911,000. Lithia Motors comprises about 1.6% of Bridge City Capital LLC’s holdings, making the stock its 15th largest position. Bridge City Capital LLC owned approximately 0.08% of Lithia Motors at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. DF Dent & Co. Inc. boosted its stake in shares of Lithia Motors by 0.3% in the first quarter. DF Dent & Co. Inc. now owns 4,091 shares of the company’s stock valued at $350,000 after buying an additional 11 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Lithia Motors by 0.3% in the second quarter. Texas Permanent School Fund now owns 17,359 shares of the company’s stock valued at $1,636,000 after buying an additional 47 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Lithia Motors by 0.8% in the first quarter. Capstone Asset Management Co. now owns 7,353 shares of the company’s stock valued at $630,000 after buying an additional 55 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Lithia Motors by 4.3% in the first quarter. State of Alaska Department of Revenue now owns 2,640 shares of the company’s stock valued at $226,000 after buying an additional 110 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Lithia Motors by 4.1% in the second quarter. US Bancorp DE now owns 3,116 shares of the company’s stock valued at $294,000 after buying an additional 122 shares in the last quarter. 99.45% of the stock is owned by institutional investors.

Shares of Lithia Motors, Inc. (NYSE LAD) traded up 0.92% during midday trading on Friday, hitting $102.70. 11,962 shares of the company were exchanged. The stock has a market cap of $2.57 billion, a PE ratio of 12.38 and a beta of 1.73. The stock’s 50-day moving average is $100.45 and its 200-day moving average is $94.18. Lithia Motors, Inc. has a one year low of $75.85 and a one year high of $109.42.

Lithia Motors (NYSE:LAD) last posted its earnings results on Friday, July 28th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.05. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Lithia Motors had a net margin of 2.26% and a return on equity of 21.66%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 earnings per share. Equities research analysts anticipate that Lithia Motors, Inc. will post $8.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. Lithia Motors’s dividend payout ratio (DPR) is currently 13.01%.

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Several analysts have recently issued reports on the stock. Seaport Global Securities began coverage on shares of Lithia Motors in a research note on Wednesday, June 14th. They set a “neutral” rating for the company. BidaskClub upgraded shares of Lithia Motors from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Bank of America Corporation lowered shares of Lithia Motors from a “neutral” rating to an “underperform” rating and set a $92.00 price objective on the stock. in a report on Friday, June 16th. Zacks Investment Research upgraded shares of Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective on the stock in a report on Wednesday. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Lithia Motors in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $112.00.

In other news, Director Sidney B. Deboer sold 7,090 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $105.00, for a total value of $744,450.00. Following the completion of the transaction, the director now owns 21,421 shares of the company’s stock, valued at $2,249,205. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan O. Cain sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $105.64, for a total value of $105,640.00. Following the completion of the transaction, the director now directly owns 12,242 shares of the company’s stock, valued at approximately $1,293,244.88. The disclosure for this sale can be found here. Insiders sold 243,135 shares of company stock valued at $24,485,918 in the last three months. Company insiders own 7.85% of the company’s stock.

Lithia Motors Company Profile

Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.

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

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