HITE Hedge Asset Management LLC Buys 48,699 Shares of Toyota Motor Co. (NYSE:TM)

HITE Hedge Asset Management LLC raised its position in shares of Toyota Motor Co. (NYSE:TM) by 46.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,749 shares of the company’s stock after acquiring an additional 48,699 shares during the period. Toyota Motor makes up about 2.2% of HITE Hedge Asset Management LLC’s investment portfolio, making the stock its 15th largest position. HITE Hedge Asset Management LLC’s holdings in Toyota Motor were worth $29,726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Modus Advisors LLC purchased a new stake in Toyota Motor in the fourth quarter worth $31,000. Trust Co. of Vermont grew its holdings in shares of Toyota Motor by 113.3% in the fourth quarter. Trust Co. of Vermont now owns 160 shares of the company’s stock worth $31,000 after purchasing an additional 85 shares during the last quarter. Roxbury Financial LLC purchased a new position in Toyota Motor in the 4th quarter worth about $41,000. Newbridge Financial Services Group Inc. bought a new stake in Toyota Motor during the 4th quarter valued at about $42,000. Finally, GPS Wealth Strategies Group LLC boosted its position in Toyota Motor by 800.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock valued at $44,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Price Performance

Shares of TM opened at $176.44 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21. The company has a 50 day moving average price of $180.33 and a 200-day moving average price of $179.79. Toyota Motor Co. has a fifty-two week low of $155.00 and a fifty-two week high of $235.68. The stock has a market capitalization of $237.74 billion, a PE ratio of 7.29, a PEG ratio of 0.35 and a beta of 0.64.

Toyota Motor (NYSE:TM) last posted its earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share for the quarter, topping analysts’ consensus estimates of $4.36 by $5.62. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. Equities analysts predict that Toyota Motor Co. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TM. Macquarie raised shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th. Sanford C. Bernstein initiated coverage on Toyota Motor in a report on Monday. They set a “market perform” rating on the stock. StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, CLSA lowered Toyota Motor from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Toyota Motor 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.