HITE Hedge Asset Management LLC Increases Stake in Toyota Motor Corporation $TM

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 lifted its stake in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 15.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 176,851 shares of the company's stock after purchasing an additional 24,102 shares during the quarter. Toyota Motor comprises 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TM. GAMMA Investing LLC boosted its position 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 in the last quarter. Northern Trust Corp boosted its position in shares of Toyota Motor by 66.5% in the 4th quarter. Northern Trust Corp now owns 961,403 shares of the company's stock worth $187,099,000 after buying an additional 384,149 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Toyota Motor by 166.3% in the 4th quarter. Captrust Financial Advisors now owns 374,864 shares of the company's stock worth $72,952,000 after buying an additional 234,078 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Toyota Motor in the 4th quarter worth about $7,038,000. Finally, Natixis Advisors LLC boosted its position in shares of Toyota Motor by 8.5% in the 1st quarter. Natixis Advisors LLC now owns 426,238 shares of the company's stock worth $75,244,000 after buying an additional 33,236 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. DZ Bank lowered shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 9th. Sanford C. Bernstein upgraded shares of Toyota Motor from a "market perform" rating to an "outperform" rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Toyota Motor has an average rating of "Hold".

Toyota Motor Trading Up 1.9%

NYSE:TM traded up $3.75 on Friday, reaching $201.02. The stock had a trading volume of 410,481 shares, compared to its average volume of 377,016. The company has a market cap of $270.86 billion, a price-to-earnings ratio of 9.69 and a beta of 0.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.11. The firm's fifty day moving average is $180.00 and its two-hundred day moving average is $182.14. Toyota Motor Corporation has a 12-month low of $155.00 and a 12-month high of $201.80.

Toyota Motor (NYSE:TM - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $4.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.67 by ($0.20). The firm 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 expect that Toyota Motor Corporation will post 19.76 EPS for the current fiscal 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.