World Asset Management Inc acquired a new position in Lithia Motors Inc (NYSE:LAD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,423 shares of the company’s stock, valued at approximately $215,000.

Several other large investors also recently bought and sold shares of the company. Engineers Gate Manager LP boosted its holdings in Lithia Motors by 63.3% in the 1st quarter. Engineers Gate Manager LP now owns 13,929 shares of the company’s stock worth $1,139,000 after buying an additional 5,401 shares during the period. State Street Corp boosted its holdings in Lithia Motors by 10.3% in the 1st quarter. State Street Corp now owns 750,322 shares of the company’s stock worth $61,369,000 after buying an additional 70,008 shares during the period. Balyasny Asset Management LLC bought a new position in shares of Lithia Motors during the 1st quarter valued at about $742,000. Advisor Group Holdings Inc. bought a new position in shares of Lithia Motors during the 1st quarter valued at about $215,000. Finally, Deutsche Bank AG boosted its holdings in shares of Lithia Motors by 88.3% during the 1st quarter. Deutsche Bank AG now owns 45,514 shares of the company’s stock valued at $3,723,000 after purchasing an additional 21,345 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Shares of NYSE:LAD opened at $229.15 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.30 and a debt-to-equity ratio of 1.03. Lithia Motors Inc has a 12 month low of $55.74 and a 12 month high of $242.06. The company has a 50-day moving average price of $165.96 and a 200 day moving average price of $126.32. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 5.97 and a beta of 1.66.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $3.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $2.18. Lithia Motors had a net margin of 2.28% and a return on equity of 19.36%. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.32 billion. As a group, equities analysts forecast that Lithia Motors Inc will post 11.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.31 dividend. This is a positive change from Lithia Motors’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, August 13th. Lithia Motors’s dividend payout ratio is 10.20%.

Several research analysts have commented on LAD shares. Guggenheim increased their price objective on shares of Lithia Motors from $162.00 to $233.00 in a report on Thursday, July 23rd. Morgan Stanley increased their price objective on shares of Lithia Motors from $180.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, July 27th. TheStreet raised shares of Lithia Motors from a “c” rating to a “b-” rating in a report on Thursday, May 7th. Craig Hallum increased their price objective on shares of Lithia Motors from $170.00 to $260.00 in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lithia Motors from $170.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $203.43.

Lithia Motors Company 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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