Aperio Group LLC increased its stake in shares of Honda Motor Co Ltd (NYSE:HMC) by 16.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,662,045 shares of the company’s stock after purchasing an additional 231,580 shares during the quarter. Aperio Group LLC owned approximately 0.09% of Honda Motor worth $49,994,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of HMC. NumerixS Investment Technologies Inc purchased a new stake in Honda Motor in the second quarter valued at about $114,000. CAPROCK Group Inc. purchased a new stake in Honda Motor in the third quarter valued at about $205,000. Cozad Asset Management Inc. purchased a new stake in Honda Motor in the second quarter valued at about $280,000. BlackRock Inc. purchased a new stake in Honda Motor in the second quarter valued at about $283,000. Finally, Lourd Capital LLC purchased a new stake in Honda Motor in the second quarter valued at about $351,000. Hedge funds and other institutional investors own 2.09% of the company’s stock.
A number of equities research analysts have commented on HMC shares. Zacks Investment Research upgraded Honda Motor from a “hold” rating to a “strong-buy” rating and set a $33.00 price target for the company in a research note on Wednesday, October 10th. Nomura cut Honda Motor from a “buy” rating to a “neutral” rating in a research note on Monday, July 16th. Finally, ValuEngine upgraded Honda Motor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.50.
Shares of NYSE:HMC traded up $0.04 during trading on Friday, hitting $28.50. The stock had a trading volume of 691,155 shares, compared to its average volume of 1,059,682. The stock has a market cap of $52.33 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 2.75 and a beta of 0.97. Honda Motor Co Ltd has a 12-month low of $26.04 and a 12-month high of $37.29. The company has a quick ratio of 0.96, a current ratio of 1.22 and a debt-to-equity ratio of 0.48.
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Honda Motor Profile
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.
See Also: Buyback
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