Toyota Motor Co. (NYSE:TM) Shares Bought by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC raised its holdings in Toyota Motor Co. (NYSE:TM) by 46.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 152,749 shares of the company’s stock after acquiring an additional 48,699 shares during the quarter. Toyota Motor makes up about 2.2% of HITE Hedge Asset Management LLC’s holdings, making the stock its 15th largest holding. HITE Hedge Asset Management LLC’s holdings in Toyota Motor were worth $29,726,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in TM. Modus Advisors LLC purchased a new position in shares of Toyota Motor in the 4th quarter valued at approximately $31,000. Trust Co. of Vermont increased its stake in Toyota Motor by 113.3% during the 4th quarter. Trust Co. of Vermont now owns 160 shares of the company’s stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Toyota Motor in the fourth quarter worth $41,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Toyota Motor during the fourth quarter worth $42,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Toyota Motor by 800.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock worth $44,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Price Performance

Shares of TM opened at $176.44 on Friday. The business’s 50-day moving average is $180.33 and its two-hundred day moving average is $179.79. The company has a market capitalization of $237.74 billion, a P/E ratio of 7.29, a P/E/G ratio of 0.35 and a beta of 0.64. Toyota Motor Co. has a fifty-two week low of $155.00 and a fifty-two week high of $235.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Macquarie raised Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th. Sanford C. Bernstein began coverage on Toyota Motor in a research note on Monday. They issued a “market perform” rating for the company. StockNews.com upgraded shares of Toyota Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, CLSA lowered shares of Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

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.