Harbour Capital Advisors LLC raised its stake in shares of Lithia Motors, Inc. (NYSE:LAD) by 6,308.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 383,516 shares of the company's stock after buying an additional 377,531 shares during the period. Harbour Capital Advisors LLC's holdings in Lithia Motors were worth $4,070,000 as of its most recent filing with the SEC. Jefferies initiated the shares of LAD in report on Monday, April 11 with "Buy" rating. Flinton Capital Management LLC raised its position in shares of Lithia Motors by 21.1% in the first quarter. Alliancebernstein L.P. now owns 1,175,507 shares of the company's stock valued at $100,682,000 after buying an additional 174,277 shares in the last quarter. Capstone Asset Management Co. raised its position 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 worth $630,000 after buying an additional 55 shares during the period.
06/14/2017 - Seaport Global Securities began new coverage on Lithia Motors, Inc. giving the company a "neutral" rating. Institutional investors and hedge funds own 99.10% of the company's stock. Public Employees Retirement System of OH increased its position in Lithia Motors by 10.0% in the first quarter. Vanguard Group Inc. now owns 2,040,301 shares of the company's stock valued at $174,751,000 after buying an additional 107,578 shares in the last quarter.
Large investors have recently made changes to their positions in the stock.
Lithia Motors, Inc. has a 1-year low of $75.85 and a 1-year high of $109.42.
Lithia Motors (LAD) opened at 98.97 on Tuesday. Lithia Motors, Inc. The firm's 50-day moving average price is $95.35 and its 200-day moving average price is $93.79. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 11.95 and a beta of 1.73.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings data 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 the consensus estimate of $2.45 billion. During the same quarter in the previous year, the company earned $1.96 EPS. Lithia Motors's quarterly revenue was up 15.6% compared to the same quarter past year. Equities analysts predict that Lithia Motors, Inc. will post $8.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 9th.
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Lithia Motors (NYSE:LAD) pays an annual dividend of Community Ranking: with a yield of 1.09% and an average dividend growth of 34.60% based on a 3 Year Average.
On 4/19/2017 Lithia Motors announced a quarterly dividend of $0.27 1.16% with an ex dividend date of 5/10/2017 which will be payable on 5/26/2017.
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A number of research firms have commented on LAD. Jefferies Group LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of Lithia Motors in a research report on Thursday.
03/27/2015 - Lithia Motors, Inc. had its "buy" rating reiterated by analysts at Zacks. Finally, BidaskClub upgraded Lithia Motors from a sell rating to a hold rating in a report on Wednesday, July 5th. Bank of America Corporation lowered Lithia Motors from a neutral rating to an underperform rating and set a $92.00 price objective for the company.in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company now has an average rating of "Hold" and a consensus price target of $109.17. The stock was sold at an average price of $95.00, for a total transaction of $709,270.00. Following the completion of the transaction, the chief executive officer now directly owns 114,183 shares in the company, valued at approximately $10,847,385.
On 7/28/2017 Sidney B Deboer, Director, sold 71,756 with an average share price of $103.40 per share and the total transaction amounting to $7,419,570.40. Following the sale, the director now directly owns 12,242 shares of the company's stock, valued at $1,132,262.58. The disclosure for this sale can be found here.
KeyCorp cut their Q3 2017 earnings per share estimates for Lithia Motors in a report issued on Monday.