Quantinno Capital Management LP Reduces Holdings in Honda Motor Co., Ltd. $HMC

Quantinno Capital Management LP cut its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 11.1% during the first quarter, HoldingsChannel.com reports. The fund owned 336,211 shares of the company’s stock after selling 41,951 shares during the period. Quantinno Capital Management LP’s holdings in Honda Motor were worth $8,173,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in Honda Motor in the 3rd quarter valued at about $26,000. WealthCollab LLC increased its holdings in shares of Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after buying an additional 365 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Honda Motor during the 2nd quarter valued at approximately $29,000. Sound Income Strategies LLC acquired a new position in Honda Motor in the fourth quarter valued at approximately $33,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Honda Motor by 121.2% in the first quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock valued at $57,000 after acquiring an additional 1,161 shares during the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on HMC. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Finally, Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Honda Motor has an average rating of “Hold” and a consensus price target of $25.00.

Honda Motor Stock Up 1.7%

HMC stock opened at $30.11 on Wednesday. The stock has a market cap of $47.00 billion, a P/E ratio of -15.77 and a beta of 0.42. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. Honda Motor Co., Ltd. has a twelve month low of $23.25 and a twelve month high of $34.89. The company’s 50 day moving average is $27.68 and its two-hundred day moving average is $27.34.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) EPS for the quarter, beating the consensus estimate of ($5.74) by $1.50. The firm had revenue of $36.81 billion during the quarter, compared to the consensus estimate of $32.99 billion. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. Research analysts expect that Honda Motor Co., Ltd. will post 1.65 earnings per share for the current fiscal year.

Honda Motor Company Profile

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.