Robeco Institutional Asset Management B.V. lifted its holdings in shares of Harley-Davidson Inc (NYSE:HOG) by 3.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 185,609 shares of the company’s stock after buying an additional 6,419 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Harley-Davidson were worth $8,408,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of HOG. Whittier Trust Co. acquired a new stake in shares of Harley-Davidson during the second quarter worth about $112,000. Cribstone Capital Management LLC lifted its position in shares of Harley-Davidson by 75.0% during the second quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock worth $118,000 after purchasing an additional 1,200 shares in the last quarter. CSat Investment Advisory L.P. acquired a new stake in shares of Harley-Davidson during the second quarter worth about $132,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Harley-Davidson during the second quarter worth approximately $183,000. Finally, Sun Life Financial INC increased its stake in shares of Harley-Davidson by 2,059.1% during the second quarter. Sun Life Financial INC now owns 4,858 shares of the company’s stock worth $204,000 after buying an additional 4,633 shares during the period. 85.94% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on HOG. BMO Capital Markets cut their target price on shares of Harley-Davidson from $45.00 to $42.00 and set a “market perform” rating on the stock in a research note on Thursday, October 25th. Argus cut their target price on shares of Harley-Davidson from $50.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. ValuEngine upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 24th. Citigroup upped their target price on shares of Harley-Davidson from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 11th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Harley-Davidson has an average rating of “Hold” and a consensus target price of $44.38.
In other Harley-Davidson news, insider Lawrence G. Hund sold 37,040 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $43.33, for a total value of $1,604,943.20. Following the transaction, the insider now directly owns 29,715 shares in the company, valued at $1,287,550.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jochen Zeitz sold 1,598 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $43.50, for a total transaction of $69,513.00. The disclosure for this sale can be found here. Insiders sold 51,225 shares of company stock worth $2,221,739 over the last quarter. 0.58% of the stock is currently owned by insiders.
HOG stock opened at $39.80 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.95 and a current ratio of 1.08. Harley-Davidson Inc has a fifty-two week low of $35.76 and a fifty-two week high of $56.50. The company has a market cap of $6.37 billion, a P/E ratio of 9.37, a PEG ratio of 1.23 and a beta of 1.08.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, October 23rd. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.25. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 10.66% and a return on equity of 33.57%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. Analysts anticipate that Harley-Davidson Inc will post 3.88 EPS for the current year.
Harley-Davidson Company Profile
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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