Northern Trust Corp lifted its stake in Honda Motor Co Ltd (NYSE:HMC) by 1.3% in the second quarter, HoldingsChannel.com reports. The firm owned 1,678,119 shares of the company’s stock after purchasing an additional 22,209 shares during the period. Northern Trust Corp’s holdings in Honda Motor were worth $49,118,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc acquired a new stake in Honda Motor during the 2nd quarter worth about $114,000. Cozad Asset Management Inc. acquired a new stake in Honda Motor during the 2nd quarter worth about $280,000. BlackRock Inc. acquired a new stake in Honda Motor during the 2nd quarter worth about $283,000. Lourd Capital LLC acquired a new stake in Honda Motor during the 2nd quarter worth about $351,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Honda Motor during the 2nd quarter worth about $381,000. Institutional investors and hedge funds own 2.07% of the company’s stock.
HMC opened at $27.21 on Friday. Honda Motor Co Ltd has a fifty-two week low of $26.90 and a fifty-two week high of $37.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 0.96. The stock has a market cap of $54.49 billion, a PE ratio of 7.52, a PEG ratio of 2.93 and a beta of 1.03.
Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.19. Honda Motor had a return on equity of 8.90% and a net margin of 7.09%. The company had revenue of $4,024.10 billion during the quarter, compared to the consensus estimate of $3,794.23 billion. During the same period last year, the business earned $115.04 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, research analysts forecast that Honda Motor Co Ltd will post 3.55 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Nomura lowered Honda Motor from a “buy” rating to a “neutral” rating in a research report on Monday, July 16th. ValuEngine upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Zacks Investment Research upgraded Honda Motor from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $37.50.
About Honda Motor
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.
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