OLD National Bancorp IN Purchases 2,433 Shares of Harley-Davidson, Inc. (HOG)

OLD National Bancorp IN lifted its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 30.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,444 shares of the company’s stock after purchasing an additional 2,433 shares during the period. OLD National Bancorp IN’s holdings in Harley-Davidson were worth $504,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HOG. Capital Research Global Investors lifted its position in shares of Harley-Davidson by 605.1% during the second quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock worth $903,895,000 after purchasing an additional 14,359,571 shares in the last quarter. Independent Franchise Partners LLP lifted its position in shares of Harley-Davidson by 53.3% during the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after purchasing an additional 2,815,749 shares in the last quarter. Impala Asset Management LLC lifted its position in shares of Harley-Davidson by 60.2% during the second quarter. Impala Asset Management LLC now owns 2,077,434 shares of the company’s stock worth $112,223,000 after purchasing an additional 780,371 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Harley-Davidson by 2,910.0% during the second quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock worth $30,245,000 after purchasing an additional 541,280 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Harley-Davidson by 68.3% during the second quarter. Great West Life Assurance Co. Can now owns 1,171,502 shares of the company’s stock worth $63,177,000 after purchasing an additional 475,539 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

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Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $962.10 million during the quarter, compared to analysts’ expectations of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. Harley-Davidson’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.64 earnings per share.

A number of research analysts have recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $48.00 target price (down from $51.00) on shares of Harley-Davidson in a research report on Tuesday, October 10th. ValuEngine cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Morgan Stanley reduced their target price on shares of Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating on the stock in a research report on Monday, August 14th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.50.

In related news, CFO John A. Olin sold 28,760 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $48.03, for a total value of $1,381,342.80. Following the completion of the transaction, the chief financial officer now directly owns 65,722 shares of the company’s stock, valued at $3,156,627.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lawrence G. Hund sold 15,013 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the transaction, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,220 shares of company stock valued at $3,030,113. 0.70% of the stock is owned by company insiders.

Harley-Davidson Profile

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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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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