Connor Clark & Lunn Investment Management Ltd. Sells 61,728 Shares of Toyota Motor Corporation (NYSE:TM)

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in Toyota Motor Corporation by 47% in Q1, selling 61,728 shares, leaving it with 69,562 shares valued at approximately $12.28 million.
• Several other hedge funds have also adjusted their positions in Toyota, including Private Trust Co. NA, which increased its stake by 143.9%.
• Analysts have mixed ratings on Toyota stock, with a general consensus of "Hold"; one analyst downgraded the stock from "strong-buy" to "strong sell".

Connor Clark & Lunn Investment Management Ltd. cut its stake in Toyota Motor Corporation (NYSE:TM - Free Report) by 47.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,562 shares of the company's stock after selling 61,728 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Toyota Motor were worth $12,280,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Toyota Motor by 0.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,409 shares of the company's stock valued at $2,014,000 after purchasing an additional 56 shares during the last quarter. Traveka Wealth LLC raised its position in shares of Toyota Motor by 3.5% in the 1st quarter. Traveka Wealth LLC now owns 2,011 shares of the company's stock valued at $355,000 after purchasing an additional 68 shares during the last quarter. Private Trust Co. NA raised its position in Toyota Motor by 143.9% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the company's stock worth $25,000 after buying an additional 82 shares during the last quarter. Gradient Investments LLC raised its position in Toyota Motor by 3.2% during the 1st quarter. Gradient Investments LLC now owns 2,748 shares of the company's stock worth $485,000 after buying an additional 85 shares during the last quarter. Finally, Nilsine Partners LLC raised its position in Toyota Motor by 5.8% during the 1st quarter. Nilsine Partners LLC now owns 1,597 shares of the company's stock worth $282,000 after buying an additional 88 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein started coverage on shares of Toyota Motor in a research note on Monday, April 14th. They set a "market perform" rating on the stock. DZ Bank lowered Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Toyota Motor Trading Up 4.0%

Shares of TM stock opened at $188.66 on Monday. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $201.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 1.27. The stock's fifty day moving average is $177.87 and its two-hundred day moving average is $181.46. The firm has a market capitalization of $254.20 billion, a P/E ratio of 9.10 and a beta of 0.64.

Toyota Motor (NYSE:TM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $4.47 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.20). The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $81.73 billion. Toyota Motor had a return on equity of 11.63% and a net margin of 8.77%. Research analysts expect that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

About Toyota Motor

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.

Want to see what other hedge funds are holding TM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toyota Motor Corporation (NYSE:TM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.