Lithia Motors, Inc. (NYSE:LAD) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in Lithia Motors, Inc. (NYSE:LAD - Free Report) by 14.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 56,886 shares of the company's stock after selling 9,869 shares during the period. Sei Investments Co. owned about 0.21% of Lithia Motors worth $20,333,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Blueshift Asset Management LLC purchased a new position in shares of Lithia Motors during the fourth quarter worth $217,000. Teacher Retirement System of Texas lifted its stake in Lithia Motors by 18.2% during the 4th quarter. Teacher Retirement System of Texas now owns 4,031 shares of the company's stock worth $1,441,000 after acquiring an additional 622 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in Lithia Motors by 18.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 362,022 shares of the company's stock valued at $129,398,000 after acquiring an additional 55,142 shares during the period. Xponance Inc. grew its position in Lithia Motors by 1.5% in the 4th quarter. Xponance Inc. now owns 4,305 shares of the company's stock valued at $1,539,000 after acquiring an additional 63 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Lithia Motors by 11.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,817 shares of the company's stock worth $649,000 after purchasing an additional 191 shares during the period.

Insider Buying and Selling at Lithia Motors

In other Lithia Motors news, COO Adam Chamberlain sold 403 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $384.28, for a total value of $154,864.84. Following the completion of the sale, the chief operating officer now owns 2,605 shares in the company, valued at approximately $1,001,049.40. The trade was a 13.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary M. Glandon sold 325 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $387.86, for a total value of $126,054.50. Following the completion of the sale, the insider now directly owns 1,665 shares of the company's stock, valued at $645,786.90. The trade was a 16.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,246 shares of company stock worth $433,724 over the last 90 days. Corporate insiders own 0.87% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LAD shares. Evercore ISI lifted their price objective on shares of Lithia Motors from $400.00 to $440.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. StockNews.com upgraded shares of Lithia Motors from a "sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Benchmark reiterated a "buy" rating and issued a $400.00 price objective on shares of Lithia Motors in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on Lithia Motors from $420.00 to $360.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Wells Fargo & Company upped their price target on Lithia Motors from $346.00 to $397.00 and gave the stock an "equal weight" rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $365.91.

Lithia Motors Stock Up 0.9 %

Shares of LAD traded up $2.50 during mid-day trading on Tuesday, reaching $296.04. The company's stock had a trading volume of 379,722 shares, compared to its average volume of 305,271. The company's 50 day moving average is $337.86 and its 200 day moving average is $343.60. The stock has a market cap of $7.78 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 4.65 and a beta of 1.69. Lithia Motors, Inc. has a 12-month low of $243.00 and a 12-month high of $405.68. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.19 and a quick ratio of 0.28.

Lithia Motors (NYSE:LAD - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $7.79 earnings per share for the quarter, topping analysts' consensus estimates of $7.33 by $0.46. Lithia Motors had a net margin of 2.21% and a return on equity of 12.43%. Equities analysts anticipate that Lithia Motors, Inc. will post 34.45 EPS for the current fiscal year.

Lithia Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.53 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.12 dividend on an annualized basis and a yield of 0.72%. Lithia Motors's dividend payout ratio (DPR) is presently 7.14%.

Lithia Motors Profile

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. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles.