Harbour Capital Advisors LLC Buys Shares of 2,386 Toyota Motor Corporation (NYSE:TM)

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new position in Toyota Motor in the 4th quarter worth about $29,000. Parvin Asset Management LLC bought a new stake in shares of Toyota Motor in the 4th quarter valued at approximately $32,000. ORG Wealth Partners LLC acquired a new position in Toyota Motor in the first quarter worth approximately $47,000. BankPlus Trust Department acquired a new position in Toyota Motor in the fourth quarter worth approximately $58,000. Finally, IFP Advisors Inc raised its position in Toyota Motor by 39.5% during the fourth quarter. IFP Advisors Inc now owns 318 shares of the company's stock valued at $62,000 after acquiring an additional 90 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Stock Performance

Shares of NYSE TM opened at $171.67 on Wednesday. The business's 50-day simple moving average is $184.14 and its 200-day simple moving average is $183.35. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.10 and a current ratio of 1.26. Toyota Motor Corporation has a 52 week low of $155.00 and a 52 week high of $208.86. The firm has a market cap of $231.30 billion, a price-to-earnings ratio of 7.59 and a beta of 0.65.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $3.39 EPS for the quarter, beating the consensus estimate of $2.92 by $0.47. Toyota Motor had a return on equity of 13.01% and a net margin of 9.89%. The company had revenue of $81.09 billion for the quarter, compared to the consensus estimate of $78.47 billion. As a group, equities research analysts expect that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TM has been the subject of several recent research reports. Sanford C. Bernstein assumed coverage on shares of Toyota Motor in a research report on Monday, April 14th. They issued a "market perform" rating for the company. DZ Bank lowered shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 9th. One 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. According to MarketBeat, Toyota Motor currently has a consensus rating of "Hold".

Toyota Motor Company 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.

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.