HITE Hedge Asset Management LLC Sells 15,134 Shares of Toyota Motor Co. (NYSE:TM)

HITE Hedge Asset Management LLC lessened its holdings in shares of Toyota Motor Co. (NYSE:TM) by 12.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,050 shares of the company’s stock after selling 15,134 shares during the quarter. Toyota Motor comprises approximately 2.1% of HITE Hedge Asset Management LLC’s portfolio, making the stock its 17th biggest holding. HITE Hedge Asset Management LLC’s holdings in Toyota Motor were worth $18,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC increased its stake in shares of Toyota Motor by 2.4% in the third quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock worth $1,207,571,000 after acquiring an additional 160,720 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Toyota Motor by 240.7% during the 2nd quarter. Blue Trust Inc. now owns 4,368 shares of the company’s stock worth $895,000 after purchasing an additional 3,086 shares during the last quarter. Moran Wealth Management LLC increased its stake in Toyota Motor by 62.4% in the third quarter. Moran Wealth Management LLC now owns 27,433 shares of the company’s stock valued at $4,899,000 after acquiring an additional 10,545 shares during the last quarter. Drake & Associates LLC acquired a new position in shares of Toyota Motor during the third quarter worth $540,000. Finally, Vantage Investment Partners LLC bought a new stake in Toyota Motor in the third quarter valued at $5,179,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Stock Performance

Toyota Motor stock opened at $175.88 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. Toyota Motor Co. has a 1-year low of $159.04 and a 1-year high of $255.23. The firm’s 50 day simple moving average is $174.98 and its 200 day simple moving average is $187.70. The firm has a market capitalization of $236.98 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.30 and a beta of 0.67.

Toyota Motor (NYSE:TM) last issued its earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). The business had revenue of $76.92 billion during the quarter, compared to analyst estimates of $79.78 billion. Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. As a group, analysts expect that Toyota Motor Co. will post 21.56 earnings per share for the current fiscal year.

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.