QRG Capital Management Inc. Raises Holdings in Toyota Motor Co. (NYSE:TM)

QRG Capital Management Inc. lifted its stake in Toyota Motor Co. (NYSE:TM) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,003 shares of the company’s stock after buying an additional 6,734 shares during the quarter. QRG Capital Management Inc.’s holdings in Toyota Motor were worth $17,126,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Fisher Asset Management LLC boosted its stake in shares of Toyota Motor by 2.4% in the third quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock worth $1,207,571,000 after buying an additional 160,720 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Toyota Motor by 10.5% in the third quarter. Natixis Advisors LLC now owns 358,892 shares of the company’s stock worth $64,087,000 after buying an additional 34,141 shares during the last quarter. Stifel Financial Corp raised its holdings in Toyota Motor by 7.3% in the 3rd quarter. Stifel Financial Corp now owns 311,483 shares of the company’s stock worth $55,632,000 after purchasing an additional 21,092 shares during the period. Martin Investment Management LLC raised its holdings in Toyota Motor by 2.3% in the 3rd quarter. Martin Investment Management LLC now owns 120,654 shares of the company’s stock worth $21,545,000 after purchasing an additional 2,690 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Toyota Motor by 14.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,714 shares of the company’s stock worth $17,984,000 after purchasing an additional 12,467 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

TM has been the subject of a number of analyst reports. StockNews.com raised Toyota Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. CLSA cut Toyota Motor from an “outperform” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Macquarie raised Toyota Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 4th.

Toyota Motor Price Performance

TM stock opened at $182.39 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.06. The business has a 50 day simple moving average of $186.28 and a 200-day simple moving average of $180.13. The firm has a market capitalization of $245.76 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.35 and a beta of 0.63. Toyota Motor Co. has a 1 year low of $159.04 and a 1 year high of $255.23.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.36 by $5.62. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. Equities research analysts anticipate that Toyota Motor Co. will post 19.76 earnings per share for the current fiscal year.

Toyota Motor Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.