Investment Research Partners LLC Makes New Investment in Toyota Motor Corporation $TM

Investment Research Partners LLC acquired a new stake in shares of Toyota Motor Corporation (NYSE:TM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,798 shares of the company’s stock, valued at approximately $787,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TM. Fisher Asset Management LLC raised its holdings in shares of Toyota Motor by 1.2% during the third quarter. Fisher Asset Management LLC now owns 6,909,198 shares of the company’s stock valued at $1,320,279,000 after acquiring an additional 81,564 shares during the period. Bank of America Corp DE boosted its stake in Toyota Motor by 4.9% in the 3rd quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock worth $280,064,000 after purchasing an additional 67,943 shares during the period. Northern Trust Corp grew its position in Toyota Motor by 3.6% during the 3rd quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock worth $200,925,000 after purchasing an additional 36,207 shares in the last quarter. Natixis Advisors LLC grew its position in Toyota Motor by 8.5% during the 3rd quarter. Natixis Advisors LLC now owns 465,639 shares of the company’s stock worth $88,979,000 after purchasing an additional 36,381 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in Toyota Motor by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 407,239 shares of the company’s stock valued at $77,819,000 after purchasing an additional 4,689 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Stock Down 1.9%

TM stock opened at $209.05 on Thursday. Toyota Motor Corporation has a 12-month low of $155.00 and a 12-month high of $248.90. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. The company has a market cap of $272.47 billion, a price-to-earnings ratio of 11.02 and a beta of 0.60. The company has a 50 day moving average of $230.62 and a two-hundred day moving average of $212.33.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Friday, February 6th. The company reported $6.26 EPS for the quarter, beating the consensus estimate of $4.35 by $1.91. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The business had revenue of $76.37 billion for the quarter, compared to analysts’ expectations of $82 billion. On average, equities analysts anticipate that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TM shares. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. Finally, BNP Paribas Exane initiated coverage on Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Toyota Motor presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.