Mutual of America Capital Management LLC Has $4.59 Million Stock Position in Lithia Motors, Inc. (NYSE:LAD)

Mutual of America Capital Management LLC reduced its stake in shares of Lithia Motors, Inc. (NYSE:LAD) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,453 shares of the company’s stock after selling 1,240 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lithia Motors were worth $4,591,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Lithia Motors by 83.6% in the second quarter. Blue Trust Inc. now owns 134 shares of the company’s stock valued at $34,000 after buying an additional 61 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Lithia Motors in the 3rd quarter worth approximately $35,000. McClarren Financial Advisors Inc. increased its position in shares of Lithia Motors by 12,500.0% during the second quarter. McClarren Financial Advisors Inc. now owns 252 shares of the company’s stock valued at $64,000 after purchasing an additional 250 shares during the period. Signaturefd LLC increased its position in shares of Lithia Motors by 23.9% during the third quarter. Signaturefd LLC now owns 249 shares of the company’s stock valued at $79,000 after purchasing an additional 48 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Lithia Motors in the second quarter worth $80,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LAD shares. The Goldman Sachs Group boosted their price target on shares of Lithia Motors from $300.00 to $335.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on shares of Lithia Motors from $375.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Citigroup lifted their price objective on Lithia Motors from $280.00 to $320.00 and gave the company a “neutral” rating in a report on Friday, September 27th. StockNews.com upgraded Lithia Motors from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley upgraded Lithia Motors from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $225.00 to $310.00 in a research report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.80.

Insider Activity

In other news, CEO Bryan B. Deboer sold 15,846 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $386.72, for a total value of $6,127,965.12. Following the transaction, the chief executive officer now owns 207,924 shares of the company’s stock, valued at $80,408,369.28. This represents a 7.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sidney B. Deboer sold 11,938 shares of Lithia Motors stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $290.86, for a total value of $3,472,286.68. Following the sale, the director now directly owns 46,129 shares of the company’s stock, valued at approximately $13,417,080.94. This trade represents a 20.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,394 shares of company stock valued at $16,688,879 over the last 90 days. 1.79% of the stock is owned by company insiders.

Lithia Motors Price Performance

Lithia Motors stock opened at $371.54 on Thursday. Lithia Motors, Inc. has a 52 week low of $243.00 and a 52 week high of $388.36. The firm has a market cap of $9.90 billion, a P/E ratio of 12.68 and a beta of 1.63. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.27 and a current ratio of 1.18. The business’s fifty day moving average is $326.09 and its two-hundred day moving average is $287.84.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $8.21 EPS for the quarter, topping analysts’ consensus estimates of $7.60 by $0.61. The firm had revenue of $9.22 billion for the quarter, compared to analyst estimates of $9.46 billion. Lithia Motors had a net margin of 2.31% and a return on equity of 12.95%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.25 EPS. Equities research analysts forecast that Lithia Motors, Inc. will post 29.09 earnings per share for the current fiscal year.

Lithia Motors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.12 annualized dividend and a dividend yield of 0.57%. Lithia Motors’s dividend payout ratio (DPR) is currently 7.24%.

Lithia Motors Company 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.