The Manufacturers Life Insurance Company raised its position in shares of Lithia Motors Inc (NYSE:LAD) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,452 shares of the company’s stock after acquiring an additional 836 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Lithia Motors were worth $4,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthstreet Investment Advisors LLC purchased a new stake in shares of Lithia Motors during the 4th quarter worth approximately $613,000. Swiss National Bank raised its holdings in shares of Lithia Motors by 2.8% during the 4th quarter. Swiss National Bank now owns 40,900 shares of the company’s stock worth $4,646,000 after acquiring an additional 1,100 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Lithia Motors by 9.1% during the 4th quarter. California Public Employees Retirement System now owns 32,777 shares of the company’s stock worth $3,723,000 after acquiring an additional 2,745 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Lithia Motors by 320.6% during the 4th quarter. Teacher Retirement System of Texas now owns 8,256 shares of the company’s stock worth $938,000 after acquiring an additional 6,293 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Lithia Motors during the 4th quarter worth approximately $721,000.
In related news, Director Kenneth E. Roberts sold 5,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $126.00, for a total transaction of $630,000.00. Following the sale, the director now owns 105,064 shares in the company, valued at approximately $13,238,064. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.85% of the company’s stock.
Shares of Lithia Motors Inc (NYSE LAD) opened at $106.98 on Monday. Lithia Motors Inc has a twelve month low of $80.88 and a twelve month high of $127.99. The firm has a market capitalization of $2,676.64, a price-to-earnings ratio of 12.75, a P/E/G ratio of 0.52 and a beta of 1.78. The company has a current ratio of 1.21, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95.
Lithia Motors (NYSE:LAD) last released its quarterly earnings results on Wednesday, February 14th. The company reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.06. Lithia Motors had a return on equity of 20.81% and a net margin of 2.43%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm posted $1.86 EPS. Lithia Motors’s quarterly revenue was up 18.0% compared to the same quarter last year. equities analysts forecast that Lithia Motors Inc will post 10.31 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.08 annualized dividend and a yield of 1.01%. Lithia Motors’s payout ratio is presently 11.07%.
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Lithia Motors Company Profile
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.
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