Hsbc Holdings PLC boosted its stake in shares of Lithia Motors, Inc. (NYSE:LAD - Free Report) by 989.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,003 shares of the company's stock after purchasing an additional 13,626 shares during the quarter. Hsbc Holdings PLC owned 0.05% of Lithia Motors worth $4,946,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of LAD. Allspring Global Investments Holdings LLC bought a new stake in Lithia Motors in the 3rd quarter valued at $32,000. Denali Advisors LLC grew 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 worth $34,000 after purchasing an additional 101 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Lithia Motors in the 4th quarter worth about $49,000. Benjamin F. Edwards & Company Inc. grew its holdings 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 purchasing an additional 405 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in shares of Lithia Motors in the 4th quarter worth about $160,000.
Insider Buying and Selling
In other Lithia Motors news, Director Shauna Mcintyre sold 138 shares of Lithia Motors stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $254.42, for a total value of $35,109.96. Following the transaction, the director now owns 2,228 shares in the company, valued at $566,847.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.79% of the stock is owned by company insiders.
Lithia Motors Stock Performance
Shares of LAD traded down $0.91 during midday trading on Wednesday, reaching $264.61. 308,371 shares of the stock were exchanged, compared to its average volume of 232,224. Lithia Motors, Inc. has a twelve month low of $231.36 and a twelve month high of $331.96. The company has a quick ratio of 0.28, a current ratio of 1.17 and a debt-to-equity ratio of 1.17. The company has a market cap of $7.25 billion, a P/E ratio of 7.73, a PEG ratio of 3.14 and a beta of 1.62. The stock's 50 day simple moving average is $266.53 and its 200 day simple moving average is $284.10.
Lithia Motors (NYSE:LAD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $6.11 EPS for the quarter, missing analysts' consensus estimates of $7.85 by ($1.74). Lithia Motors had a return on equity of 15.62% and a net margin of 2.87%. The company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.58 billion. During the same quarter in the previous year, the business posted $8.44 EPS. The firm's revenue for the quarter was up 22.7% on a year-over-year basis. On average, sell-side analysts expect that Lithia Motors, Inc. will post 28.78 earnings per share for the current year.
Lithia Motors Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a $0.53 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from Lithia Motors's previous quarterly dividend of $0.50. Lithia Motors's dividend payout ratio (DPR) is presently 6.26%.
Analyst Upgrades and Downgrades
LAD has been the topic of several research reports. Bank of America upped their price target on shares of Lithia Motors from $380.00 to $385.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Stephens reiterated an "overweight" rating and issued a $375.00 price target on shares of Lithia Motors in a research report on Wednesday, February 14th. Citigroup lowered their target price on Lithia Motors from $320.00 to $280.00 and set a "neutral" rating for the company in a research note on Thursday, April 25th. The Goldman Sachs Group increased their target price on Lithia Motors from $300.00 to $334.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. Finally, Guggenheim cut Lithia Motors from a "buy" rating to a "neutral" rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $318.55.
View Our Latest Research Report on LAD
Lithia Motors Company 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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