Global Thematic Partners LLC Has $6.11 Million Stake in Harley-Davidson Inc (HOG)
Global Thematic Partners LLC decreased its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 53.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,381 shares of the company’s stock after selling 197,616 shares during the period. Global Thematic Partners LLC owned 0.11% of Harley-Davidson worth $6,111,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Segall Bryant & Hamill LLC boosted its holdings in shares of Harley-Davidson by 3.2% in the 4th quarter. Segall Bryant & Hamill LLC now owns 9,728 shares of the company’s stock valued at $332,000 after buying an additional 300 shares during the last quarter. LS Investment Advisors LLC lifted its stake in shares of Harley-Davidson by 1.5% in the fourth quarter. LS Investment Advisors LLC now owns 21,298 shares of the company’s stock worth $727,000 after acquiring an additional 315 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Harley-Davidson by 7.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,185 shares of the company’s stock worth $211,000 after acquiring an additional 450 shares during the period. Rehmann Capital Advisory Group lifted its stake in Harley-Davidson by 27.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,288 shares of the company’s stock valued at $78,000 after buying an additional 497 shares during the period. Finally, Claybrook Capital LLC lifted its stake in Harley-Davidson by 41.3% in the third quarter. Claybrook Capital LLC now owns 1,710 shares of the company’s stock valued at $138,000 after buying an additional 500 shares during the period. Institutional investors own 90.81% of the company’s stock.
HOG has been the topic of a number of recent research reports. Zacks Investment Research cut Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Wednesday. Northcoast Research reiterated a “neutral” rating on shares of Harley-Davidson in a report on Thursday, April 4th. ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. William Blair reissued a “market perform” rating on shares of Harley-Davidson in a report on Tuesday, January 29th. Finally, Wells Fargo & Co cut their price objective on Harley-Davidson from $46.00 to $40.00 and set an “outperform” rating for the company in a report on Tuesday, December 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Harley-Davidson presently has an average rating of “Hold” and an average target price of $43.46.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, January 29th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.16). Harley-Davidson had a net margin of 9.30% and a return on equity of 30.76%. The company had revenue of $955.63 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business posted $0.05 EPS. The firm’s revenue for the quarter was up 91173.4% on a year-over-year basis. Equities research analysts predict that Harley-Davidson Inc will post 3.53 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were paid a $0.375 dividend. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, March 13th. This represents a $1.50 annualized dividend and a dividend yield of 3.81%. Harley-Davidson’s payout ratio is 39.68%.
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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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