Wealthstreet Investment Advisors LLC bought a new stake in Lithia Motors Inc (NYSE:LAD) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,400 shares of the company’s stock, valued at approximately $613,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position 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 purchasing an additional 204 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Lithia Motors by 2.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 24,378 shares of the company’s stock valued at $2,297,000 after purchasing an additional 536 shares during the period. California Public Employees Retirement System boosted its position in shares of Lithia Motors by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 28,500 shares of the company’s stock valued at $2,686,000 after purchasing an additional 600 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Lithia Motors by 6.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the company’s stock valued at $1,170,000 after purchasing an additional 600 shares during the period. Finally, Brown Advisory Inc. boosted its position in shares of Lithia Motors by 23.8% in the 3rd quarter. Brown Advisory Inc. now owns 4,442 shares of the company’s stock valued at $534,000 after purchasing an additional 854 shares during the period.

LAD has been the subject of a number of research analyst reports. KeyCorp reissued a “buy” rating and issued a $130.00 target price on shares of Lithia Motors in a research report on Monday, November 13th. Zacks Investment Research raised Lithia Motors from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Bank of America raised Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price objective for the company in a research report on Monday, January 8th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Lithia Motors presently has an average rating of “Buy” and an average target price of $127.33.

In other Lithia Motors news, Director Sidney B. Deboer sold 3,051 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $113.25, for a total transaction of $345,525.75. Following the completion of the sale, the director now directly owns 433 shares of the company’s stock, valued at approximately $49,037.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth E. Roberts sold 5,000 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $124.00, for a total value of $620,000.00. Following the transaction, the director now directly owns 110,064 shares of the company’s stock, valued at $13,647,936. The disclosure for this sale can be found here. Insiders have sold a total of 15,718 shares of company stock valued at $1,905,932 over the last ninety days. 7.85% of the stock is owned by insiders.

Shares of Lithia Motors Inc (NYSE LAD) opened at $111.51 on Thursday. Lithia Motors Inc has a 1 year low of $80.88 and a 1 year high of $127.99. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 1.21. The firm has a market capitalization of $2,946.29, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 0.61 and a beta of 1.66.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.06. Lithia Motors had a return on equity of 21.02% and a net margin of 2.14%. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the firm earned $1.86 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. equities analysts predict that Lithia Motors Inc will post 8.34 earnings per share for the current fiscal year.

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About Lithia Motors

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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