Harbour Capital Advisors LLC Takes $401,000 Position in Toyota Motor Corporation (NYSE:TM)

Harbour Capital Advisors LLC purchased a new position in Toyota Motor Corporation (NYSE:TM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,386 shares of the company's stock, valued at approximately $401,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TM. GAMMA Investing LLC grew its stake in shares of Toyota Motor by 22,846.4% in the 1st quarter. GAMMA Investing LLC now owns 491,283 shares of the company's stock worth $86,726,000 after buying an additional 489,142 shares during the last quarter. Northern Trust Corp lifted its position in Toyota Motor by 66.5% in the 4th quarter. Northern Trust Corp now owns 961,403 shares of the company's stock valued at $187,099,000 after acquiring an additional 384,149 shares in the last quarter. Captrust Financial Advisors lifted its position in Toyota Motor by 166.3% in the 4th quarter. Captrust Financial Advisors now owns 374,864 shares of the company's stock valued at $72,952,000 after acquiring an additional 234,078 shares in the last quarter. Raymond James Financial Inc. bought a new position in Toyota Motor in the 4th quarter valued at approximately $26,203,000. Finally, Fisher Asset Management LLC lifted its position in Toyota Motor by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,892,009 shares of the company's stock valued at $1,341,254,000 after acquiring an additional 129,560 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company's stock.

Wall Street Analyst Weigh In

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

Toyota Motor Stock Up 3.2%

TM stock traded up $5.49 during midday trading on Friday, hitting $176.12. The company's stock had a trading volume of 512,690 shares, compared to its average volume of 385,045. The company has a market cap of $237.31 billion, a PE ratio of 7.79 and a beta of 0.65. Toyota Motor Corporation has a 12 month low of $155.00 and a 12 month high of $208.86. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.62. The firm's 50-day moving average is $183.90 and its 200-day moving average is $183.25.

Toyota Motor (NYSE:TM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $3.39 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.47. The firm had revenue of $81.09 billion for the quarter, compared to analysts' expectations of $78.47 billion. Toyota Motor had a return on equity of 13.01% and a net margin of 9.89%. On average, equities research analysts forecast 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.