Summit Global Investments Grows Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Summit Global Investments lifted its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,587 shares of the company’s stock after acquiring an additional 22,966 shares during the quarter. Summit Global Investments’ holdings in Honda Motor were worth $3,129,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Boston Partners boosted its position in Honda Motor by 10.9% during the fourth quarter. Boston Partners now owns 43,322 shares of the company’s stock worth $1,237,000 after purchasing an additional 4,252 shares in the last quarter. PDS Planning Inc increased its position in shares of Honda Motor by 46.6% in the fourth quarter. PDS Planning Inc now owns 9,897 shares of the company’s stock valued at $283,000 after buying an additional 3,148 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Honda Motor during the 4th quarter worth approximately $412,000. Brandes Investment Partners LP lifted its position in shares of Honda Motor by 13.1% during the 4th quarter. Brandes Investment Partners LP now owns 570,169 shares of the company’s stock valued at $16,278,000 after buying an additional 66,030 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Honda Motor by 33.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 32,270 shares of the company’s stock valued at $921,000 after acquiring an additional 8,070 shares during the period. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Stock Performance

NYSE HMC opened at $30.06 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $28.40 and its 200-day simple moving average is $28.86. The company has a market cap of $46.91 billion, a PE ratio of 6.99 and a beta of 0.61. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.90.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The company had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. As a group, equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th.

Honda Motor Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.