Boston Partners Sells 970,954 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Boston Partners reduced its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 13.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,410,671 shares of the company's stock after selling 970,954 shares during the quarter. Boston Partners owned approximately 5.03% of Harley-Davidson worth $193,106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its stake in shares of Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after acquiring an additional 554 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Harley-Davidson during the 3rd quarter worth approximately $35,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Harley-Davidson during the 4th quarter worth approximately $42,000. Global Retirement Partners LLC boosted its stake in Harley-Davidson by 84.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock valued at $56,000 after purchasing an additional 846 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Harley-Davidson in the 4th quarter valued at $65,000. 85.10% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the transaction, the insider now owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by corporate insiders.

Remove Ads

Harley-Davidson Stock Performance

NYSE:HOG traded down $0.60 during trading hours on Friday, reaching $24.65. The stock had a trading volume of 10,135,118 shares, compared to its average volume of 1,811,971. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40. The stock has a 50 day simple moving average of $26.63 and a 200 day simple moving average of $31.23. Harley-Davidson, Inc. has a 12-month low of $23.81 and a 12-month high of $44.16. The stock has a market cap of $3.07 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 0.38 and a beta of 1.49.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same period in the previous year, the firm earned $0.18 EPS. On average, research analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Friday, February 28th. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. Harley-Davidson's payout ratio is 21.62%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HOG. Bank of America dropped their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Robert W. Baird dropped their price objective on Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, December 31st. UBS Group dropped their price objective on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. StockNews.com raised Harley-Davidson from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, Morgan Stanley lowered their price target on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Harley-Davidson has an average rating of "Hold" and an average target price of $33.57.

Harley-Davidson Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.