Allspring Global Investments Holdings LLC Raises Position in Honda Motor Co., Ltd. (NYSE:HMC)

Allspring Global Investments Holdings LLC increased its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 29.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,021 shares of the company’s stock after buying an additional 2,935 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Honda Motor were worth $413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mondrian Investment Partners LTD increased its stake in Honda Motor by 20.9% in the first quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock valued at $191,538,000 after acquiring an additional 896,048 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Honda Motor during the second quarter valued at about $8,635,000. Manning & Napier Advisors LLC bought a new position in shares of Honda Motor during the second quarter valued at about $5,396,000. Cubist Systematic Strategies LLC bought a new position in shares of Honda Motor during the second quarter valued at about $3,595,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Honda Motor during the second quarter valued at about $2,015,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Price Performance

Shares of HMC opened at $30.29 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. Honda Motor Co., Ltd. has a one year low of $27.69 and a one year high of $37.90. The company has a 50-day simple moving average of $31.70 and a two-hundred day simple moving average of $32.20.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The firm had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.75 billion. Research analysts anticipate that Honda Motor Co., Ltd. will post 4.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Honda Motor Company 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.