Hsbc Holdings PLC lifted its holdings in Lithia Motors, Inc. (NYSE:LAD - Free Report) by 989.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,003 shares of the company's stock after purchasing an additional 13,626 shares during the period. Hsbc Holdings PLC owned about 0.05% of Lithia Motors worth $4,946,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of LAD. Allspring Global Investments Holdings LLC purchased a new stake in shares of Lithia Motors during the 3rd quarter worth $32,000. Denali Advisors LLC boosted its holdings in shares of Lithia Motors by 5,050.0% in the 4th quarter. Denali Advisors LLC now owns 103 shares of the company's stock valued at $34,000 after buying an additional 101 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Lithia Motors in the 4th quarter valued at about $49,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Lithia Motors by 5,785.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 412 shares of the company's stock worth $135,000 after buying an additional 405 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of Lithia Motors during the 4th quarter worth approximately $160,000.
Lithia Motors Stock Performance
Lithia Motors stock traded down $0.87 during midday trading on Wednesday, hitting $264.65. 308,371 shares of the company were exchanged, compared to its average volume of 232,224. Lithia Motors, Inc. has a fifty-two week low of $231.36 and a fifty-two week high of $331.96. The firm has a market capitalization of $7.25 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 3.14 and a beta of 1.62. The business has a fifty day simple moving average of $266.53 and a two-hundred day simple moving average of $284.10. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.28 and a current ratio of 1.17.
Lithia Motors (NYSE:LAD - Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $6.11 earnings per share for the quarter, missing the consensus estimate of $7.85 by ($1.74). Lithia Motors had a net margin of 2.87% and a return on equity of 15.62%. The firm had revenue of $8.56 billion for the quarter, compared to analysts' expectations of $8.58 billion. During the same period last year, the firm earned $8.44 earnings per share. Lithia Motors's revenue for the quarter was up 22.7% compared to the same quarter last year. On average, sell-side analysts forecast that Lithia Motors, Inc. will post 28.78 earnings per share for the current year.
Lithia Motors Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.53 dividend. This is a positive change from Lithia Motors's previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a yield of 0.80%. The ex-dividend date was Thursday, May 9th. Lithia Motors's dividend payout ratio (DPR) is presently 6.26%.
Insider Activity at Lithia Motors
In related news, Director Shauna Mcintyre sold 138 shares of the company's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $254.42, for a total transaction of $35,109.96. Following the completion of the transaction, the director now owns 2,228 shares in the company, valued at approximately $566,847.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.79% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have recently weighed in on LAD. The Goldman Sachs Group raised their price objective on Lithia Motors from $300.00 to $334.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. Citigroup dropped their price target on Lithia Motors from $320.00 to $280.00 and set a "neutral" rating on the stock in a research note on Thursday, April 25th. Bank of America increased their price objective on shares of Lithia Motors from $380.00 to $385.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. Morgan Stanley boosted their target price on shares of Lithia Motors from $220.00 to $230.00 and gave the stock an "underweight" rating in a research report on Thursday, February 29th. Finally, Stephens reaffirmed an "overweight" rating and issued a $375.00 price target on shares of Lithia Motors in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $318.55.
Read Our Latest Research Report on Lithia Motors
Lithia Motors Profile
(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.
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