LSV Asset Management Lowers Holdings in Toyota Motor Corporation $TM

LSV Asset Management trimmed its position in shares of Toyota Motor Corporation (NYSE:TM) by 14.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,170 shares of the company’s stock after selling 2,320 shares during the quarter. LSV Asset Management’s holdings in Toyota Motor were worth $2,708,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Plan A Wealth LLC grew its holdings in shares of Toyota Motor by 9.9% during the third quarter. Plan A Wealth LLC now owns 3,016 shares of the company’s stock valued at $576,000 after buying an additional 271 shares during the last quarter. Cibc World Market Inc. lifted its position in Toyota Motor by 1.8% in the 3rd quarter. Cibc World Market Inc. now owns 11,944 shares of the company’s stock valued at $2,282,000 after acquiring an additional 213 shares in the last quarter. Caprock Group LLC purchased a new stake in Toyota Motor during the 3rd quarter valued at $1,323,000. Stratos Wealth Partners LTD. bought a new stake in shares of Toyota Motor in the 3rd quarter worth $247,000. Finally, Stratos Wealth Advisors LLC purchased a new position in shares of Toyota Motor in the third quarter worth $209,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TM shares. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. BNP Paribas Exane began coverage on shares of Toyota Motor in a report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price on the stock. Finally, Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “buy” rating in a research report on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $290.00.

Toyota Motor Trading Up 2.7%

Shares of Toyota Motor stock opened at $248.23 on Tuesday. Toyota Motor Corporation has a 1-year low of $155.00 and a 1-year high of $248.90. The company’s fifty day simple moving average is $223.61 and its 200-day simple moving average is $206.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. The stock has a market capitalization of $334.47 billion, a PE ratio of 13.09 and a beta of 0.62.

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

About Toyota Motor

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.