Harley-Davidson, Inc. (HOG) Holdings Reduced by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. decreased its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 73.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,478 shares of the company’s stock after selling 268,381 shares during the quarter. Pictet Asset Management Ltd. owned approximately 0.06% of Harley-Davidson worth $4,603,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Harley-Davidson by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 17,684,083 shares of the company’s stock valued at $955,294,000 after buying an additional 267,352 shares during the period. Capital Research Global Investors grew its holdings in Harley-Davidson by 605.1% in the 2nd quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after buying an additional 14,359,571 shares during the period. BlackRock Inc. grew its holdings in Harley-Davidson by 1.5% in the 2nd quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock valued at $579,342,000 after buying an additional 154,675 shares during the period. Independent Franchise Partners LLP grew its holdings in Harley-Davidson by 53.3% in the 3rd quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after buying an additional 2,815,749 shares during the period. Finally, LSV Asset Management grew its holdings in Harley-Davidson by 1.0% in the 2nd quarter. LSV Asset Management now owns 4,044,113 shares of the company’s stock valued at $218,462,000 after buying an additional 39,699 shares during the period. Institutional investors own 92.05% of the company’s stock.
Harley-Davidson, Inc. (HOG) opened at $47.30 on Friday. Harley-Davidson, Inc. has a 52-week low of $44.52 and a 52-week high of $63.40. The stock has a market capitalization of $7,960.35, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 1.62 and a beta of 0.94. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $959.41 million. During the same period in the prior year, the company posted $0.64 EPS. Harley-Davidson’s quarterly revenue was down 11.9% on a year-over-year basis. equities research analysts anticipate that Harley-Davidson, Inc. will post 3.43 earnings per share for the current year.
Several research firms have commented on HOG. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 target price (down previously from $51.00) on shares of Harley-Davidson in a report on Tuesday, October 10th. Morgan Stanley decreased their target price on Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating for the company in a report on Monday, August 14th. ValuEngine cut Harley-Davidson from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Barclays PLC decreased their target price on Harley-Davidson from $52.00 to $45.00 and set an “underperform” rating for the company in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the stock. Harley-Davidson presently has a consensus rating of “Hold” and a consensus target price of $52.50.
In other Harley-Davidson news, insider Lawrence G. Hund sold 8,660 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $46.88, for a total value of $405,980.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Levatich sold 19,447 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $48.36, for a total value of $940,456.92. Following the completion of the transaction, the chief executive officer now directly owns 88,646 shares in the company, valued at $4,286,920.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,739 shares of company stock worth $3,524,954. 0.70% of the stock is currently owned by corporate insiders.
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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