Summit Global Investments Buys 22,966 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Summit Global Investments boosted its position in Honda Motor Co., Ltd. (NYSE:HMC) by 26.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,587 shares of the company’s stock after purchasing an additional 22,966 shares during the quarter. Summit Global Investments’ holdings in Honda Motor were worth $3,129,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Asset Planning Inc purchased a new stake in shares of Honda Motor during the fourth quarter worth about $25,000. R Squared Ltd purchased a new stake in Honda Motor during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new position in Honda Motor during the 3rd quarter valued at approximately $36,000. Manchester Capital Management LLC acquired a new position in Honda Motor during the 4th quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Honda Motor by 70.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company’s stock worth $53,000 after buying an additional 770 shares during the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Stock Performance

HMC opened at $30.06 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.90. The firm has a 50 day moving average of $28.40 and a two-hundred day moving average of $28.86. The firm has a market capitalization of $46.91 billion, a PE ratio of 6.99 and a beta of 0.61.

Honda Motor (NYSE:HMC) last issued its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The firm had revenue of $36.31 billion during the quarter, compared to analysts’ expectations of $35.31 billion. On average, analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on HMC. StockNews.com raised Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Company 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.