Connor Clark & Lunn Investment Management Ltd. Raises Holdings in Toyota Motor Corporation $TM

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Toyota Motor Corporation (NYSE:TM) by 204.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 257,269 shares of the company’s stock after purchasing an additional 172,829 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Toyota Motor were worth $49,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Grey Ledge Advisors LLC purchased a new position in shares of Toyota Motor in the third quarter worth $1,556,000. Quadrant Capital Group LLC boosted its position in Toyota Motor by 4.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 31,640 shares of the company’s stock valued at $5,450,000 after buying an additional 1,391 shares during the period. Federated Hermes Inc. boosted its position in Toyota Motor by 22,450.6% during the 3rd quarter. Federated Hermes Inc. now owns 19,168 shares of the company’s stock valued at $3,663,000 after buying an additional 19,083 shares during the period. Rockefeller Capital Management L.P. boosted its position in Toyota Motor by 21.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 17,062 shares of the company’s stock valued at $2,939,000 after buying an additional 3,012 shares during the period. Finally, Cullen Capital Management LLC grew its holdings in Toyota Motor by 25.2% in the 3rd quarter. Cullen Capital Management LLC now owns 197,114 shares of the company’s stock worth $37,667,000 after acquiring an additional 39,620 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TM. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Wall Street Zen lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. BNP Paribas Exane began coverage on Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target for the company. Finally, Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Stock Down 1.9%

Shares of NYSE TM opened at $216.47 on Friday. The firm has a fifty day simple moving average of $231.02 and a two-hundred day simple moving average of $211.82. Toyota Motor Corporation has a 12 month low of $155.00 and a 12 month high of $248.90. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $282.13 billion, a PE ratio of 11.41 and a beta of 0.60.

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

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.