Macquarie Group Ltd. cut its stake in Harley-Davidson, Inc. (NYSE:HOG) by 29.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,664 shares of the company’s stock after selling 24,120 shares during the quarter. Macquarie Group Ltd.’s holdings in Harley-Davidson were worth $2,780,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in HOG. Geneva Advisors LLC increased its stake in Harley-Davidson by 5.4% during the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after purchasing an additional 200 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Harley-Davidson by 20.7% during the 2nd quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock worth $220,000 after acquiring an additional 700 shares in the last quarter. Annex Advisory Services LLC grew its stake in shares of Harley-Davidson by 2.5% during the 2nd quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after acquiring an additional 102 shares in the last quarter. TLP Group LLC bought a new position in shares of Harley-Davidson during the 2nd quarter worth approximately $255,000. Finally, Profund Advisors LLC grew its stake in shares of Harley-Davidson by 29.5% during the 2nd quarter. Profund Advisors LLC now owns 5,487 shares of the company’s stock worth $296,000 after acquiring an additional 1,251 shares in the last quarter. 96.33% of the stock is owned by institutional investors.
Harley-Davidson, Inc. (HOG) traded up $1.78 on Tuesday, hitting $51.81. The stock had a trading volume of 3,527,200 shares, compared to its average volume of 2,266,024. Harley-Davidson, Inc. has a 12 month low of $44.52 and a 12 month high of $63.40. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $8,419.81, a P/E ratio of 15.63, a P/E/G ratio of 1.72 and a beta of 0.96.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. During the same quarter last year, the firm earned $0.64 earnings per share. The company’s revenue was down 11.9% on a year-over-year basis. sell-side analysts expect that Harley-Davidson, Inc. will post 3.43 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, December 14th. Harley-Davidson’s payout ratio is currently 45.63%.
In related news, Director Jochen Zeitz sold 1,859 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total value of $88,860.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 owns 65,722 shares in the company, valued at approximately $3,156,627.66. The disclosure for this sale can be found here. Insiders sold 58,726 shares of company stock worth $2,816,641 in the last 90 days. 0.70% of the stock is owned by company insiders.
HOG has been the subject of several research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 price target (down from $51.00) on shares of Harley-Davidson in a research note on Tuesday, October 10th. BMO Capital Markets reissued a “buy” rating and issued a $56.00 price objective on shares of Harley-Davidson in a report on Friday, September 8th. Argus raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Friday, October 20th. TheStreet downgraded Harley-Davidson from a “b-” rating to a “c+” rating in a report on Tuesday, October 17th. Finally, Goldman Sachs Group reissued a “hold” rating on shares of Harley-Davidson in a report on Sunday, October 15th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $52.50.
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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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