Cerity Partners LLC Boosts Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Cerity Partners LLC boosted its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 63.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,084 shares of the company’s stock after buying an additional 34,881 shares during the period. Cerity Partners LLC’s holdings in Honda Motor were worth $2,444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Honda Motor by 10.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,643 shares of the company’s stock valued at $317,000 after purchasing an additional 1,064 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Honda Motor by 460.2% during the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock valued at $30,000 after purchasing an additional 902 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Honda Motor by 36.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,635 shares of the company’s stock valued at $343,000 after purchasing an additional 3,351 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of Honda Motor during the fourth quarter valued at approximately $3,964,000. Finally, Landscape Capital Management L.L.C. increased its stake in shares of Honda Motor by 347.2% during the fourth quarter. Landscape Capital Management L.L.C. now owns 56,134 shares of the company’s stock valued at $1,603,000 after purchasing an additional 43,582 shares in the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HMC shares. Dbs Bank downgraded shares of Honda Motor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Wall Street Zen downgraded shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Macquarie downgraded shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Finally, Sanford C. Bernstein started coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Honda Motor Trading Down 1.2%

Shares of HMC stock opened at $30.00 on Friday. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $33.72. The firm has a fifty day moving average price of $29.65 and a 200-day moving average price of $28.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.36 and a quick ratio of 1.07. The company has a market cap of $46.83 billion, a price-to-earnings ratio of 8.60 and a beta of 0.49.

Honda Motor (NYSE:HMC) last released its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.54). Honda Motor had a net margin of 3.82% and a return on equity of 6.33%. The firm had revenue of $36.25 billion for the quarter, compared to analysts’ expectations of $5,371.99 billion. As a group, equities analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current 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.