Dana Investment Advisors Inc. trimmed its holdings in Lithia Motors, Inc. (NYSE:LAD) by 28.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,799 shares of the company’s stock after selling 7,600 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.08% of Lithia Motors worth $2,262,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LAD. D.A. Davidson & CO. increased its holdings in shares of Lithia Motors by 7.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock valued at $104,000 after acquiring an additional 75 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Lithia Motors by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock valued at $113,000 after acquiring an additional 105 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Lithia Motors in the 3rd quarter valued at $144,000. Public Employees Retirement System of Ohio increased its holdings in shares of Lithia Motors by 12.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,806 shares of the company’s stock valued at $170,000 after acquiring an additional 204 shares during the period. Finally, Riverhead Capital Management LLC increased its holdings in shares of Lithia Motors by 93.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,132 shares of the company’s stock valued at $201,000 after acquiring an additional 1,032 shares during the period. 98.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lithia Motors, Inc. (NYSE LAD) traded down $3.72 on Friday, reaching $116.50. 282,800 shares of the company’s stock traded hands, compared to its average volume of 265,710. The company has a quick ratio of 0.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. The firm has a market cap of $2,910.00, a PE ratio of 14.84, a P/E/G ratio of 1.02 and a beta of 1.72. Lithia Motors, Inc. has a 12 month low of $80.88 and a 12 month high of $123.50.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.19). The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.62 billion. Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 earnings per share. sell-side analysts anticipate that Lithia Motors, Inc. will post 8.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were paid a $0.27 dividend. The ex-dividend date was Thursday, November 9th. This represents a $1.08 annualized dividend and a yield of 0.93%. Lithia Motors’s dividend payout ratio is currently 13.12%.

In other news, Director Kenneth E. Roberts sold 15,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $115.98, for a total transaction of $1,739,700.00. Following the transaction, the director now directly owns 130,598 shares of the company’s stock, valued at approximately $15,146,756.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth E. Roberts sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $118.00, for a total transaction of $590,000.00. Following the transaction, the director now directly owns 130,598 shares in the company, valued at $15,410,564. The disclosure for this sale can be found here. Insiders sold a total of 116,429 shares of company stock worth $13,917,011 over the last three months. 7.85% of the stock is currently owned by corporate insiders.

LAD has been the topic of several recent research reports. Berenberg Bank initiated coverage on shares of Lithia Motors in a research note on Wednesday, October 4th. They issued a “hold” rating and a $126.00 price objective on the stock. Zacks Investment Research raised 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 research note on Wednesday, August 23rd. Finally, KeyCorp reissued a “buy” rating and issued a $130.00 price objective on shares of Lithia Motors in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Lithia Motors has a consensus rating of “Hold” and a consensus target price of $116.29.

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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.

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

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