QRG Capital Management Inc. Sells 87,395 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

QRG Capital Management Inc. lessened its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 32.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,396 shares of the company’s stock after selling 87,395 shares during the period. QRG Capital Management Inc.’s holdings in Honda Motor were worth $5,093,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HMC. Allspring Global Investments Holdings LLC grew its stake in Honda Motor by 29.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,021 shares of the company’s stock valued at $413,000 after buying an additional 2,935 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Honda Motor by 1,906.3% in the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock worth $6,105,000 after purchasing an additional 184,057 shares during the period. First Trust Direct Indexing L.P. increased its stake in shares of Honda Motor by 7.2% in the third quarter. First Trust Direct Indexing L.P. now owns 44,269 shares of the company’s stock worth $1,405,000 after purchasing an additional 2,991 shares during the period. Optas LLC acquired a new position in shares of Honda Motor during the 3rd quarter worth about $203,000. Finally, Allen Wealth Management LLC boosted its stake in Honda Motor by 7.2% during the 3rd quarter. Allen Wealth Management LLC now owns 56,205 shares of the company’s stock valued at $1,783,000 after purchasing an additional 3,752 shares during the period. Institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Up 0.6 %

NYSE HMC opened at $27.80 on Friday. The firm has a 50-day simple moving average of $28.25 and a 200 day simple moving average of $29.16. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. The stock has a market cap of $43.40 billion, a PE ratio of 6.47 and a beta of 0.58. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $37.90.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The firm had revenue of $36.31 billion during the quarter, compared to analysts’ expectations of $35.31 billion. On average, research analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HMC shares. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

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.