Entropy Technologies LP Has $1.65 Million Stock Position in Lamar Advertising (NASDAQ:LAMR)

Entropy Technologies LP raised its holdings in shares of Lamar Advertising (NASDAQ:LAMR - Free Report) by 371.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,312 shares of the real estate investment trust's stock after purchasing an additional 9,700 shares during the period. Entropy Technologies LP's holdings in Lamar Advertising were worth $1,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its stake in Lamar Advertising by 81.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 937,440 shares of the real estate investment trust's stock valued at $112,052,000 after acquiring an additional 420,311 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Lamar Advertising in the 3rd quarter valued at $43,665,000. International Assets Investment Management LLC boosted its position in shares of Lamar Advertising by 49,140.4% in the 3rd quarter. International Assets Investment Management LLC now owns 285,102 shares of the real estate investment trust's stock worth $38,090,000 after purchasing an additional 284,523 shares during the last quarter. Centersquare Investment Management LLC grew its stake in shares of Lamar Advertising by 82.8% during the first quarter. Centersquare Investment Management LLC now owns 621,763 shares of the real estate investment trust's stock worth $72,031,000 after purchasing an additional 281,582 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in Lamar Advertising by 42,096.3% in the third quarter. Asset Management One Co. Ltd. now owns 126,167 shares of the real estate investment trust's stock valued at $16,856,000 after purchasing an additional 125,868 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company's stock.

Lamar Advertising Price Performance

LAMR remained flat at $128.94 during trading on Wednesday. 163,419 shares of the company's stock were exchanged, compared to its average volume of 406,663. The stock has a market capitalization of $13.19 billion, a P/E ratio of 25.95 and a beta of 1.52. Lamar Advertising has a 1 year low of $94.71 and a 1 year high of $139.88. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.41 and a current ratio of 0.56. The company's 50 day moving average price is $131.84 and its two-hundred day moving average price is $123.08.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported $1.44 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.73). The company had revenue of $564.10 million during the quarter, compared to the consensus estimate of $568.91 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. The company's revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.04 earnings per share. As a group, sell-side analysts predict that Lamar Advertising will post 7.75 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th were given a dividend of $1.40 per share. The ex-dividend date was Wednesday, September 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.34%. This is an increase from Lamar Advertising's previous quarterly dividend of $1.30. Lamar Advertising's dividend payout ratio is 112.00%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Lamar Advertising from $117.00 to $121.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. StockNews.com cut shares of Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday. TD Cowen upped their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a research note on Monday. Morgan Stanley lifted their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Wells Fargo & Company lowered their price objective on shares of Lamar Advertising from $132.00 to $124.00 and set an "equal weight" rating for the company in a research report on Monday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $132.40.

Lamar Advertising Company Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.