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

Summit Global Investments raised its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 0.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 140,702 shares of the company’s stock after buying an additional 326 shares during the quarter. Summit Global Investments’ holdings in Honda Motor were worth $4,349,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HMC. Fisher Asset Management LLC boosted its holdings in shares of Honda Motor by 2.7% in the 4th quarter. Fisher Asset Management LLC now owns 9,670,076 shares of the company’s stock valued at $298,902,000 after buying an additional 258,160 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Honda Motor by 16.9% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 847,609 shares of the company’s stock valued at $28,514,000 after acquiring an additional 122,408 shares in the last quarter. FMR LLC grew its holdings in Honda Motor by 5.5% in the third quarter. FMR LLC now owns 783,040 shares of the company’s stock worth $26,341,000 after purchasing an additional 41,000 shares during the last quarter. Northern Trust Corp increased its position in shares of Honda Motor by 0.5% during the third quarter. Northern Trust Corp now owns 622,975 shares of the company’s stock worth $20,957,000 after purchasing an additional 3,269 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Honda Motor by 6.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 528,582 shares of the company’s stock valued at $17,782,000 after purchasing an additional 33,470 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Stock Performance

Shares of Honda Motor stock traded up $0.56 during trading on Thursday, reaching $34.38. The company’s stock had a trading volume of 467,260 shares, compared to its average volume of 1,038,127. The company has a 50-day simple moving average of $35.79 and a two-hundred day simple moving average of $33.32. Honda Motor Co., Ltd. has a 1-year low of $26.02 and a 1-year high of $37.90. The company has a quick ratio of 1.13, a current ratio of 1.45 and a debt-to-equity ratio of 0.44.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.21. Honda Motor had a return on equity of 8.04% and a net margin of 5.05%. The business had revenue of $36.50 billion during the quarter, compared to the consensus estimate of $37.68 billion. On average, sell-side analysts predict that Honda Motor Co., Ltd. will post 4.14 EPS for the current fiscal year.

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.