Pacer Advisors Inc. increased its position in Harley-Davidson, Inc. (NYSE:HOG) by 69.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,249 shares of the company’s stock after acquiring an additional 2,551 shares during the period. Pacer Advisors Inc.’s holdings in Harley-Davidson were worth $338,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Harley-Davidson by 18.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,482 shares of the company’s stock worth $2,349,000 after acquiring an additional 6,718 shares during the period. USS Investment Management Ltd acquired a new stake in shares of Harley-Davidson in the 2nd quarter worth approximately $19,017,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Harley-Davidson by 4.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 428,449 shares of the company’s stock worth $23,145,000 after acquiring an additional 18,268 shares during the period. Great Lakes Advisors LLC grew its holdings in shares of Harley-Davidson by 2.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 1,202,146 shares of the company’s stock worth $64,940,000 after acquiring an additional 27,145 shares during the period. Finally, Geneva Advisors LLC grew its holdings in shares of Harley-Davidson by 5.4% in the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 91.06% of the company’s stock.
Harley-Davidson, Inc. (HOG) opened at 47.57 on Tuesday. Harley-Davidson, Inc. has a 12 month low of $45.53 and a 12 month high of $63.40. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 13.93 and a beta of 0.86. The company has a 50 day moving average price of $47.68 and a 200 day moving average price of $54.01.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the company posted $1.55 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities research analysts predict that Harley-Davidson, Inc. will post $3.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Monday, September 11th. Harley-Davidson’s payout ratio is 42.44%.
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A number of equities research analysts recently weighed in on the company. BMO Capital Markets restated a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a report on Friday. KeyCorp restated a “sector weight” rating on shares of Harley-Davidson in a report on Thursday, August 31st. Aegis assumed coverage on Harley-Davidson in a report on Monday, August 28th. They issued a “hold” rating and a $49.00 price target on the stock. Morgan Stanley lowered their price target on Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating on the stock in a report on Monday, August 14th. Finally, ValuEngine cut Harley-Davidson from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and four have given a buy rating to the company’s stock. Harley-Davidson has an average rating of “Hold” and an average price target of $54.50.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the transaction, the insider now directly owns 23,673 shares in the company, valued at approximately $1,116,892.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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