(NYSE:LAD) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. Eaton Vance Management acquired 8,464 shares as Lithia Mtrs Inc Cl A (LAD)'s stock declined 9.84%. Thomson Horstmann & Bryant Inc.'s holdings in Lithia Motors were worth $524,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. now owns 2,097,189 shares of the company's stock worth $197,618,000 after buying an additional 56,888 shares during the last quarter. With 227,500 avg volume, 14 days are for Lithia Motors Incorporated (NYSE:LAD)'s short sellers to cover LAD's short positions. BlackRock Inc. now owns 2,901,382 shares of the company's stock worth $248,504,000 after buying an additional 2,899,477 shares during the period. Finally, Copeland Capital Management LLC boosted its stake in shares of Lithia Motors by 21.4% in the second quarter. Legato Capital Management LLC now owns 87,192 shares of the company's stock worth $1,018,000 after buying an additional 86,174 shares in the last quarter. State of Alaska Department of Revenue raised its position in Lithia Motors by 4.3% in the first quarter. Russell Investments Group Ltd. now owns 162,623 shares of the company's stock valued at $13,928,000 after buying an additional 8,548 shares during the last quarter. Tyers Asset Management LLC increased its stake in Lithia Motors by 21.1% in the first quarter. (NYSE:LAD). Susan O. Cain, Director disclosed the sale of 1,000 shares of (LAD). The stock rose 0.30% or $0.31 reaching $104.02 per share. The firm's 50 day moving average price is $98.32 and its 200-day moving average price is $93.95. Lithia Motors Inc (NYSE:LAD) has risen 16.88% since August 14, 2016 and is uptrending. Lithia Motors, Inc. also announced a dividend to be paid on Friday August 25th, 2017. The company reported $2.28 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.23 by $0.05. Lithia Motors had a net profit margin of 2.26% and a ROE of 21.66%. During the same quarter in the previous year, the company earned $1.96 earnings per share. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/08/16/lithia-motors-inc-lad-posts-earnings-results-beats-expectations-by-0-05-eps-updated-updated.html.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Fmr Lc invested in 0% or 196,239 shares. Analysts have a consensus recommendation of 2.00 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The ex-dividend date of this dividend is Wednesday, August 9th. Lithia Motors's dividend payout ratio (DPR) is 13.01%.
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WARNING: This report was first reported by Week Herald and is the property of of Week Herald. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright law. On average, equities analysts anticipate that Lithia Motors, Inc. will post $8.53 earnings per share for the current fiscal year. 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 research report on Friday, June 16th. Seaport Global Securities started coverage on Lithia Motors in a research report on Wednesday, June 14th.
Lithia Motors, Inc. had its "overweight" rating reiterated by analysts at Morgan Stanley. BidaskClub raised Lithia Motors from a "sell" rating to a "hold" rating in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Lithia Motors now has a consensus rating of "Hold" and an average target price of $109.17. The shares were sold on July 28th for an average price of $103.58. Following the completion of the sale, the chief executive officer now owns 113,867 shares in the company, valued at $11,066,733.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
In other news, Director Sidney B. Deboer sold 81,444 shares of Lithia Motors stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $95.00, for a total transaction of $709,270.00. Following the transaction, the chief executive officer now directly owns 102,353 shares in the company, valued at approximately $9,903,676.28. The disclosure for this sale can be found here. Moreover, Moon Capital Management Lp has 2.65% invested in the company for 82,770 shares. 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.