Brandes Investment Partners LP Boosts Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Brandes Investment Partners LP lifted its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 570,169 shares of the company’s stock after purchasing an additional 66,030 shares during the period. Brandes Investment Partners LP’s holdings in Honda Motor were worth $16,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its stake in shares of Honda Motor by 33.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 32,270 shares of the company’s stock worth $921,000 after acquiring an additional 8,070 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Honda Motor by 153.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company’s stock worth $19,074,000 after acquiring an additional 404,883 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Honda Motor by 70.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company’s stock worth $53,000 after acquiring an additional 770 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Honda Motor by 14.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,111 shares of the company’s stock worth $117,000 after acquiring an additional 507 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Honda Motor by 5.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 48,941 shares of the company’s stock worth $1,397,000 after acquiring an additional 2,634 shares in the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Honda Motor Stock Up 2.1 %

NYSE:HMC opened at $29.45 on Friday. The firm has a market cap of $45.96 billion, a P/E ratio of 6.85 and a beta of 0.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $37.90. The firm has a 50-day simple moving average of $28.36 and a two-hundred day simple moving average of $28.95.

Honda Motor (NYSE:HMC) last released 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 net margin of 4.76% and a return on equity of 7.81%. The business had revenue of $36.31 billion during the quarter, compared to analyst estimates of $35.31 billion. Analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share 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.