GW&K Investment Management LLC Has $68.96 Million Stake in Lithia Motors Inc (LAD)

GW&K Investment Management LLC lowered its holdings in Lithia Motors Inc (NYSE:LAD) by 9.2% during the 4th quarter, Holdings Channel reports. The firm owned 607,112 shares of the company’s stock after selling 61,563 shares during the quarter. Lithia Motors makes up about 1.2% of GW&K Investment Management LLC’s portfolio, making the stock its 6th biggest holding. GW&K Investment Management LLC’s holdings in Lithia Motors were worth $68,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. grew its stake in shares of Lithia Motors by 7.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock worth $104,000 after purchasing an additional 75 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Lithia Motors by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock worth $113,000 after buying an additional 105 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Lithia Motors in the third quarter worth about $144,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Lithia Motors by 12.7% in the second quarter. Public Employees Retirement System of Ohio now owns 1,806 shares of the company’s stock worth $170,000 after buying an additional 204 shares during the period. Finally, Contravisory Investment Management Inc. boosted its holdings in shares of Lithia Motors by 174.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 1,655 shares of the company’s stock worth $188,000 after buying an additional 1,053 shares during the period.

Shares of Lithia Motors Inc (NYSE LAD) traded up $2.10 on Friday, hitting $123.14. 144,169 shares of the company’s stock traded hands, compared to its average volume of 229,500. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 1.21. The firm has a market capitalization of $3,070.00, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.62 and a beta of 1.72. Lithia Motors Inc has a one year low of $80.88 and a one year high of $125.87.

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

Several research analysts have commented on the stock. Berenberg Bank assumed coverage on shares of Lithia Motors in a report on Wednesday, October 4th. They issued a “hold” rating and a $126.00 target price for the company. Zacks Investment Research upgraded shares of Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $139.00 target price for the company in a report on Wednesday, January 10th. KeyCorp reiterated a “buy” rating and issued a $130.00 target price on shares of Lithia Motors in a report on Monday, November 13th. Finally, Bank of America upgraded shares of Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 target price for the company in a report on Monday, January 8th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Lithia Motors presently has a consensus rating of “Buy” and a consensus target price of $124.00.

In related news, Director Susan O. Cain sold 1,302 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $115.79, for a total transaction of $150,758.58. Following the completion of the sale, the director now directly owns 10,940 shares in the company, valued at $1,266,742.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sidney B. Deboer sold 831 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $113.32, for a total transaction of $94,168.92. Following the sale, the director now owns 433 shares of the company’s stock, valued at $49,067.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,718 shares of company stock valued at $1,275,932. 7.85% of the stock is currently owned by corporate insiders.

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

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