Toyota Motor Corporation $TM Shares Acquired by HITE Hedge Asset Management LLC

Key Points

• HITE Hedge Asset Management LLC increased its stake in Toyota Motor Corporation by 15.8%, owning 176,851 shares valued at approximately $31.22 million, making it the firm's 16th biggest holding.
• Several institutional investors, including Brighton Jones LLC and Russell Investments Group Ltd., also raised their stakes in Toyota Motor during the fourth quarter, reflecting growing confidence in the stock.
• Despite strong revenue of $83.13 billion, Toyota reported earnings per share (EPS) of $4.47, missing the consensus estimate, leading to a downgrade from a "strong-buy" to a "strong sell" rating by DZ Bank.

HITE Hedge Asset Management LLC raised its position in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 15.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,851 shares of the company's stock after acquiring an additional 24,102 shares during the period. Toyota Motor makes up about 1.9% of HITE Hedge Asset Management LLC's investment portfolio, making the stock its 16th largest position. HITE Hedge Asset Management LLC's holdings in Toyota Motor were worth $31,220,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA grew its holdings in shares of Toyota Motor by 143.9% in the first quarter. Private Trust Co. NA now owns 139 shares of the company's stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Wood Tarver Financial Group LLC bought a new position in shares of Toyota Motor in the fourth quarter worth about $29,000. Parvin Asset Management LLC bought a new position in shares of Toyota Motor in the fourth quarter worth about $32,000. AlphaCore Capital LLC bought a new position in shares of Toyota Motor in the first quarter worth about $37,000. Finally, Wayfinding Financial LLC bought a new position in shares of Toyota Motor in the first quarter worth about $41,000. Institutional investors own 1.48% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TM shares. DZ Bank cut shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 9th. Sanford C. Bernstein upgraded shares of Toyota Motor from a "market perform" rating to an "outperform" rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Toyota Motor Stock Down 1.0%

Shares of TM stock traded down $2.0050 during mid-day trading on Thursday, hitting $197.1850. 253,663 shares of the stock traded hands, compared to its average volume of 417,077. The stock has a market cap of $265.69 billion, a P/E ratio of 9.51 and a beta of 0.64. The stock's fifty day moving average is $179.25 and its two-hundred day moving average is $181.95. Toyota Motor Corporation has a 52-week low of $155.00 and a 52-week high of $201.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.11.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $81.73 billion. Toyota Motor had a net margin of 8.77% and a return on equity of 11.63%. Toyota Motor has set its FY 2026 guidance at 14.100-14.100 EPS. Equities analysts predict that Toyota Motor Corporation will post 19.76 EPS for the current year.

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.