Toyota Motor Corporation $TM Shares Sold by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC lessened its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 40.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,705 shares of the company’s stock after selling 76,627 shares during the period. Toyota Motor makes up 1.2% of HITE Hedge Asset Management LLC’s holdings, making the stock its 24th biggest position. HITE Hedge Asset Management LLC’s holdings in Toyota Motor were worth $21,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TM. Connor Clark & Lunn Investment Management Ltd. grew its position in Toyota Motor by 204.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock worth $49,162,000 after purchasing an additional 172,829 shares during the period. Orion Porfolio Solutions LLC raised its stake in shares of Toyota Motor by 717.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after buying an additional 128,128 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Toyota Motor by 1.7% in the 2nd quarter. Fisher Asset Management LLC now owns 6,827,634 shares of the company’s stock valued at $1,176,128,000 after buying an additional 112,905 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Toyota Motor by 1,509.1% in the 3rd quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock valued at $19,215,000 after buying an additional 94,305 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Toyota Motor by 118.3% in the second quarter. Balyasny Asset Management L.P. now owns 152,471 shares of the company’s stock worth $26,265,000 after buying an additional 82,617 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on TM shares. Wall Street Zen lowered Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. DZ Bank raised Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. BNP Paribas Exane started coverage on shares of Toyota Motor in a research note on Thursday, February 12th. They set an “outperform” rating and a $290.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Toyota Motor presently has a consensus rating of “Moderate Buy” and an average price target of $290.00.

Toyota Motor Price Performance

NYSE:TM opened at $216.47 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. Toyota Motor Corporation has a 52 week low of $155.00 and a 52 week high of $248.90. The stock’s 50-day moving average price is $231.02 and its 200-day moving average price is $211.82. The stock has a market capitalization of $282.13 billion, a PE ratio of 11.41 and a beta of 0.60.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Friday, February 6th. The company reported $6.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The company had revenue of $76.37 billion during the quarter, compared to analysts’ expectations of $82 billion. As a group, equities analysts expect that Toyota Motor Corporation will post 19.76 EPS for the current fiscal year.

Toyota Motor Company Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.