Connor Clark & Lunn Investment Management Ltd. Boosts Position in Honda Motor Co., Ltd. (NYSE:HMC)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 153.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 668,092 shares of the company’s stock after buying an additional 404,883 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Honda Motor were worth $19,074,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Asset Planning Inc purchased a new position in Honda Motor during the 4th quarter worth approximately $25,000. R Squared Ltd purchased a new position in Honda Motor during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in Honda Motor during the 3rd quarter worth approximately $36,000. Manchester Capital Management LLC acquired a new stake in shares of Honda Motor during the 4th quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Honda Motor by 70.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company’s stock worth $53,000 after purchasing an additional 770 shares during the period. 5.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Honda Motor Price Performance

Shares of NYSE HMC opened at $28.85 on Friday. The stock has a market capitalization of $45.02 billion, a price-to-earnings ratio of 6.71 and a beta of 0.61. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $37.90. The firm’s 50 day simple moving average is $28.34 and its 200-day simple moving average is $28.97. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $35.31 billion. Analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS 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.