GW&K Investment Management LLC trimmed its holdings in shares of Lithia Motors, Inc. (NYSE:LAD - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,216 shares of the company's stock after selling 859 shares during the period. GW&K Investment Management LLC owned 0.10% of Lithia Motors worth $7,695,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. purchased a new position in Lithia Motors in the fourth quarter valued at about $34,000. NBC Securities Inc. purchased a new stake in Lithia Motors during the 1st quarter worth approximately $59,000. UMB Bank n.a. boosted its stake in shares of Lithia Motors by 63.7% during the 1st quarter. UMB Bank n.a. now owns 203 shares of the company's stock valued at $60,000 after buying an additional 79 shares during the last quarter. CWM LLC grew its position in shares of Lithia Motors by 30.1% during the first quarter. CWM LLC now owns 212 shares of the company's stock worth $62,000 after buying an additional 49 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Lithia Motors by 50.9% in the first quarter. GAMMA Investing LLC now owns 252 shares of the company's stock worth $74,000 after buying an additional 85 shares during the last quarter.
Lithia Motors Stock Performance
LAD stock traded up $2.55 during midday trading on Friday, reaching $312.33. The company had a trading volume of 175,591 shares, compared to its average volume of 265,747. The company has a quick ratio of 0.31, a current ratio of 1.18 and a debt-to-equity ratio of 1.22. The stock has a 50 day moving average price of $327.53 and a 200 day moving average price of $324.95. The firm has a market capitalization of $8.13 billion, a PE ratio of 9.84, a P/E/G ratio of 0.48 and a beta of 1.46. Lithia Motors, Inc. has a fifty-two week low of $255.32 and a fifty-two week high of $405.67.
Lithia Motors (NYSE:LAD - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $7.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.77 by ($0.11). Lithia Motors had a net margin of 2.30% and a return on equity of 12.74%. The company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same quarter in the prior year, the firm earned $6.11 EPS. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts anticipate that Lithia Motors, Inc. will post 34.45 earnings per share for the current year.
Wall Street Analyst Weigh In
LAD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Lithia Motors from $345.00 to $335.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 16th. The Goldman Sachs Group began coverage on shares of Lithia Motors in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $340.00 price target on the stock. Citigroup upgraded Lithia Motors from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $415.00 to $375.00 in a research note on Wednesday, April 23rd. Wells Fargo & Company upped their price objective on Lithia Motors from $305.00 to $364.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Finally, Guggenheim reduced their target price on Lithia Motors from $417.00 to $356.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $382.50.
Check Out Our Latest Research Report on Lithia Motors
Insider Transactions at Lithia Motors
In other news, Director Shauna Mcintyre sold 337 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $295.94, for a total transaction of $99,731.78. Following the completion of the transaction, the director owned 1,632 shares of the company's stock, valued at approximately $482,974.08. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.87% of the company's stock.
Lithia Motors Profile
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Free Report)
Lithia Motors, Inc operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company's Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles.
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