Copeland Capital Management LLC Lowers Holdings in Lithia Motors Inc (LAD)

Copeland Capital Management LLC lessened its holdings in shares of Lithia Motors Inc (NYSE:LAD) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,437 shares of the company’s stock after selling 3,432 shares during the period. Lithia Motors comprises 1.2% of Copeland Capital Management LLC’s holdings, making the stock its 26th largest holding. Copeland Capital Management LLC owned 0.65% of Lithia Motors worth $18,338,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. D.A. Davidson & CO. boosted its position in shares of Lithia Motors by 7.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock worth $104,000 after acquiring an additional 75 shares in the last quarter. Amalgamated Bank lifted its stake in Lithia Motors by 2.9% in the 2nd quarter. Amalgamated Bank now owns 3,228 shares of the company’s stock valued at $304,000 after purchasing an additional 91 shares during the last quarter. Dana Investment Advisors Inc. lifted its stake in Lithia Motors by 0.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 26,399 shares of the company’s stock valued at $2,488,000 after purchasing an additional 121 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Lithia Motors by 12.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,806 shares of the company’s stock valued at $170,000 after purchasing an additional 204 shares during the last quarter. Finally, People s United Financial Inc. lifted its stake in Lithia Motors by 7.3% in the 2nd quarter. People s United Financial Inc. now owns 5,173 shares of the company’s stock valued at $488,000 after purchasing an additional 352 shares during the last quarter.

In other news, Director Kenneth E. Roberts sold 5,000 shares of Lithia Motors stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $126.00, for a total transaction of $630,000.00. Following the completion of the transaction, the director now directly owns 105,064 shares in the company, valued at $13,238,064. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan O. Cain sold 1,302 shares of Lithia Motors stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $115.79, for a total transaction of $150,758.58. Following the transaction, the director now owns 10,940 shares of the company’s stock, valued at $1,266,742.60. The disclosure for this sale can be found here. Insiders sold 15,718 shares of company stock valued at $1,905,932 over the last 90 days. Corporate insiders own 7.85% of the company’s stock.

LAD has been the subject of several research reports. KeyCorp reissued a “buy” rating and issued a $130.00 price objective on shares of Lithia Motors in a research note on Monday, November 13th. Zacks Investment Research raised shares of Lithia Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Bank of America raised shares of Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price target for the company in a research note on Monday, January 8th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $127.33.

Shares of Lithia Motors Inc (NYSE LAD) traded down $5.05 during midday trading on Wednesday, reaching $113.00. 270,501 shares of the company were exchanged, compared to its average volume of 202,417. Lithia Motors Inc has a fifty-two week low of $80.88 and a fifty-two week high of $127.99. The company has a market capitalization of $2,942.55, a P/E ratio of 14.34, a PEG ratio of 0.61 and a beta of 1.66. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 0.26.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.06. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the company posted $1.86 earnings per share. analysts anticipate that Lithia Motors Inc will post 8.34 earnings per share for the current year.

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Lithia Motors 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.

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

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