Cetera Advisors LLC Sells 1,095 Shares of Lithia Motors, Inc. (LAD)

Cetera Advisors LLC decreased its position in Lithia Motors, Inc. (NYSE:LAD) by 17.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,292 shares of the company’s stock after selling 1,095 shares during the quarter. Cetera Advisors LLC’s holdings in Lithia Motors were worth $636,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. D.A. Davidson & CO. grew its position in Lithia Motors by 7.3% in the second quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock valued at $104,000 after acquiring an additional 75 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Lithia Motors by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock valued at $113,000 after acquiring an additional 105 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Lithia Motors in the third quarter valued at approximately $144,000. Public Employees Retirement System of Ohio boosted its stake in shares of Lithia Motors by 12.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,806 shares of the company’s stock valued at $170,000 after buying an additional 204 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of Lithia Motors by 93.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,132 shares of the company’s stock valued at $201,000 after buying an additional 1,032 shares during the last quarter. 98.47% of the stock is owned by institutional investors.

In related news, Director Kenneth E. Roberts sold 15,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $115.98, for a total transaction of $1,739,700.00. Following the transaction, the director now directly owns 130,598 shares in the company, valued at $15,146,756.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth E. Roberts sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $118.00, for a total value of $590,000.00. Following the transaction, the director now owns 130,598 shares in the company, valued at $15,410,564. The disclosure for this sale can be found here. Insiders have sold 116,429 shares of company stock worth $13,917,011 over the last 90 days. 7.85% of the stock is currently owned by company insiders.

Several equities analysts have recently commented on LAD shares. KeyCorp reiterated a “buy” rating and set a $130.00 target price (up from $119.00) on shares of Lithia Motors in a research note on Wednesday, October 4th. Zacks Investment Research cut Lithia Motors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Berenberg Bank started coverage on Lithia Motors in a research note on Wednesday, October 4th. They set a “hold” rating and a $126.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $116.29.

Lithia Motors, Inc. (LAD) traded down $3.72 during trading on Friday, hitting $116.50. The stock had a trading volume of 282,800 shares, compared to its average volume of 265,710. The stock has a market cap of $2,910.00, a PE ratio of 14.84, a P/E/G ratio of 1.02 and a beta of 1.72. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 1.21. Lithia Motors, Inc. has a 12 month low of $80.88 and a 12 month high of $123.50.

Lithia Motors (NYSE:LAD) last released its earnings results on Wednesday, October 25th. The company reported $2.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.37 by ($0.19). The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.06 earnings per share. equities analysts forecast that Lithia Motors, Inc. will post 8.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.93%. The ex-dividend date was Thursday, November 9th. Lithia Motors’s dividend payout ratio (DPR) is presently 13.12%.

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About Lithia Motors

Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. 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.

Institutional Ownership by Quarter for Lithia Motors (NYSE:LAD)

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