Mondrian Investment Partners LTD acquired a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC – Free Report) in the 3rd quarter, HoldingsChannel reports. The fund acquired 4,407,672 shares of the company’s stock, valued at approximately $136,637,000. Honda Motor comprises about 2.3% of Mondrian Investment Partners LTD’s holdings, making the stock its 20th biggest holding.
Several other large investors also recently modified their holdings of HMC. Fisher Asset Management LLC raised its position in Honda Motor by 2.4% during the 2nd quarter. Fisher Asset Management LLC now owns 10,367,489 shares of the company’s stock valued at $298,895,000 after purchasing an additional 239,663 shares during the last quarter. Equity Investment Corp increased its stake in shares of Honda Motor by 1.4% during the third quarter. Equity Investment Corp now owns 2,274,239 shares of the company’s stock valued at $70,047,000 after buying an additional 30,712 shares during the period. Brandes Investment Partners LP raised its holdings in shares of Honda Motor by 4.8% during the second quarter. Brandes Investment Partners LP now owns 847,314 shares of the company’s stock valued at $24,428,000 after acquiring an additional 38,690 shares in the last quarter. Auto Owners Insurance Co lifted its stake in Honda Motor by 167.6% in the second quarter. Auto Owners Insurance Co now owns 655,650 shares of the company’s stock worth $18,902,000 after acquiring an additional 410,650 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Honda Motor by 12.4% in the second quarter. American Century Companies Inc. now owns 594,897 shares of the company’s stock valued at $17,151,000 after acquiring an additional 65,648 shares in the last quarter. 5.32% of the stock is owned by institutional investors.
Honda Motor Stock Up 1.1%
HMC stock opened at $31.78 on Tuesday. The business has a 50 day moving average of $30.56 and a 200 day moving average of $31.37. The firm has a market cap of $49.60 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.64 and a beta of 0.37. Honda Motor Co., Ltd. has a twelve month low of $24.56 and a twelve month high of $34.89. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 0.65.
Wall Street Analyst Weigh In
HMC has been the subject of several research reports. BNP Paribas Exane assumed coverage on shares of Honda Motor in a report on Thursday, February 12th. They issued an “underperform” rating and a $25.00 price objective for the company. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Nomura upgraded shares of Honda Motor to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Honda Motor in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.00.
Get Our Latest Report on Honda Motor
About Honda Motor
Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.
In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.
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