Boston Partners Grows Stock Position in Lithia Motors, Inc. (NYSE:LAD) (2024)

Boston Partners increased its holdings in shares of Lithia Motors, Inc. (NYSE:LAD - Free Report) by 67.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,915 shares of the company's stock after acquiring an additional 33,405 shares during the period. Boston Partners owned about 0.30% of Lithia Motors worth $26,734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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. Allspring Global Investments Holdings LLC bought a new position in shares of Lithia Motors in the third quarter valued at approximately $32,000. JFS Wealth Advisors LLC boosted its holdings in shares of Lithia Motors by 509.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 128 shares of the company's stock worth $38,000 after acquiring an additional 107 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Lithia Motors in the 4th quarter worth approximately $49,000. Finally, Fifth Third Bancorp increased its holdings in Lithia Motors by 32.0% during the 3rd quarter. Fifth Third Bancorp now owns 231 shares of the company's stock valued at $68,000 after purchasing an additional 56 shares in the last quarter.

Lithia Motors Trading Down 1.5 %

Lithia Motors stock traded down $4.26 during mid-day trading on Wednesday, hitting $270.69. 355,817 shares of the company's stock were exchanged, compared to its average volume of 228,535. Lithia Motors, Inc. has a fifty-two week low of $207.08 and a fifty-two week 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 firm has a market capitalization of $7.42 billion, a P/E ratio of 7.99, a PEG ratio of 2.81 and a beta of 1.59. The company's 50 day simple moving average is $275.06 and its 200-day simple moving average is $283.97.

Lithia Motors (NYSE:LAD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $6.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.85 by ($1.74). The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.58 billion. Lithia Motors had a net margin of 2.87% and a return on equity of 15.62%. Lithia Motors's revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.44 earnings per share. On average, equities analysts anticipate that Lithia Motors, Inc. will post 28.78 earnings per share for the current year.

Lithia Motors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.53 dividend. This is an increase from Lithia Motors's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 annualized dividend and a dividend yield of 0.78%. Lithia Motors's dividend payout ratio (DPR) is currently 6.26%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com raised Lithia Motors from a "sell" rating to a "hold" rating in a research note on Friday, April 26th. Wells Fargo & Company lowered their price objective on shares of Lithia Motors from $290.00 to $248.00 and set an "equal weight" rating for the company in a research report on Thursday, April 25th. Stephens reaffirmed an "overweight" rating and issued a $375.00 target price on shares of Lithia Motors in a research note on Wednesday, February 14th. Bank of America increased their price target on shares of Lithia Motors from $380.00 to $385.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. Finally, Evercore ISI began coverage on shares of Lithia Motors in a research report on Wednesday, January 17th. They issued an "outperform" rating and a $400.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $318.55.

Read Our Latest Stock Analysis on Lithia Motors

Insider Activity

In other news, Director Shauna Mcintyre sold 138 shares of the firm's stock in a transaction that occurred on 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 directly owns 2,228 shares of the company's stock, valued at approximately $566,847.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.79% of the company's stock.

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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