First Midwest Bank Trust Division reduced its stake in Lamar Advertising Co (NASDAQ:LAMR) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,690 shares of the real estate investment trust’s stock after selling 180 shares during the quarter. First Midwest Bank Trust Division’s holdings in Lamar Advertising were worth $394,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of LAMR. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Lamar Advertising by 12.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,618 shares of the real estate investment trust’s stock worth $515,000 after purchasing an additional 743 shares during the period. WealthPLAN Partners LLC grew its holdings in shares of Lamar Advertising by 13.8% during the 3rd quarter. WealthPLAN Partners LLC now owns 6,795 shares of the real estate investment trust’s stock worth $501,000 after purchasing an additional 825 shares during the period. Swiss National Bank grew its holdings in shares of Lamar Advertising by 0.6% during the 3rd quarter. Swiss National Bank now owns 146,638 shares of the real estate investment trust’s stock worth $11,408,000 after purchasing an additional 900 shares during the period. Retirement Systems of Alabama grew its holdings in shares of Lamar Advertising by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 198,572 shares of the real estate investment trust’s stock worth $13,737,000 after purchasing an additional 960 shares during the period. Finally, Meeder Asset Management Inc. grew its holdings in shares of Lamar Advertising by 5.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 19,409 shares of the real estate investment trust’s stock worth $1,510,000 after purchasing an additional 1,004 shares during the period. Institutional investors own 83.78% of the company’s stock.
LAMR stock traded down $0.07 during mid-day trading on Monday, reaching $75.12. The company had a trading volume of 289,400 shares, compared to its average volume of 356,768. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $7.54 billion, a P/E ratio of 14.88 and a beta of 1.03. Lamar Advertising Co has a fifty-two week low of $61.36 and a fifty-two week high of $80.68.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Thursday, November 8th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.44). The company had revenue of $418.50 million during the quarter, compared to analyst estimates of $421.29 million. Lamar Advertising had a net margin of 18.57% and a return on equity of 27.51%. Lamar Advertising’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. On average, analysts expect that Lamar Advertising Co will post 5.12 EPS for the current year.
Several research firms recently issued reports on LAMR. Morgan Stanley increased their target price on Lamar Advertising from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, December 7th. Wolfe Research began coverage on Lamar Advertising in a research note on Friday, December 7th. They set an “underperform” rating on the stock. BidaskClub lowered Lamar Advertising from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 2nd. Imperial Capital reissued an “outperform” rating and set a $88.00 target price (down previously from $94.00) on shares of Lamar Advertising in a research note on Wednesday, January 23rd. Finally, Zacks Investment Research raised Lamar Advertising from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Tuesday, December 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Lamar Advertising has a consensus rating of “Hold” and a consensus target price of $77.50.
Lamar Advertising Company Profile
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with more than 348,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.
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