Cerity Partners LLC Decreases Position in Harley-Davidson, Inc. (NYSE:HOG)

Cerity Partners LLC lessened its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 66.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,017 shares of the company's stock after selling 16,141 shares during the period. Cerity Partners LLC's holdings in Harley-Davidson were worth $242,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Donald Smith & CO. Inc. purchased a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $50,368,000. Proficio Capital Partners LLC bought a new stake in shares of Harley-Davidson in the 4th quarter worth approximately $1,341,000. Hussman Strategic Advisors Inc. bought a new position in shares of Harley-Davidson during the fourth quarter valued at $1,898,000. Norges Bank purchased a new position in Harley-Davidson in the fourth quarter worth about $11,010,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Harley-Davidson by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company's stock valued at $44,295,000 after purchasing an additional 157,939 shares during the last quarter. Institutional investors own 85.10% of the company's stock.

Insider Buying and Selling at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares in the company, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.93% of the company's stock.

Harley-Davidson Stock Down 0.7 %

Shares of NYSE:HOG traded down $0.16 on Tuesday, reaching $23.29. The company had a trading volume of 912,517 shares, compared to its average volume of 1,875,570. The firm's 50 day simple moving average is $24.38 and its 200-day simple moving average is $28.61. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $2.88 billion, a PE ratio of 6.99, a PEG ratio of 0.38 and a beta of 1.28.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.25% and a return on equity of 13.64%. During the same quarter last year, the firm earned $0.18 EPS. As a group, analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share 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 dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.09%. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. Harley-Davidson's payout ratio is currently 21.62%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Citigroup dropped their price target on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. UBS Group reduced their price objective on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. DA Davidson reaffirmed a "buy" rating and set a $31.00 price target on shares of Harley-Davidson in a report on Wednesday, April 9th. Finally, Morgan Stanley cut their target price on shares of 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 investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Harley-Davidson has an average rating of "Hold" and an average target price of $29.83.

Harley-Davidson Company 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.