Public Employees Retirement System of Ohio trimmed its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,998 shares of the company’s stock after selling 7,561 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Harley-Davidson were worth $1,979,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in Harley-Davidson by 88.7% in the 4th quarter. Bank of New York Mellon Corp now owns 13,331,185 shares of the company’s stock worth $454,860,000 after acquiring an additional 6,264,678 shares during the last quarter. Dodge & Cox increased its position in shares of Harley-Davidson by 13.2% during the 3rd quarter. Dodge & Cox now owns 9,767,376 shares of the company’s stock valued at $442,462,000 after purchasing an additional 1,141,650 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Harley-Davidson by 44.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,413 shares of the company’s stock valued at $84,394,000 after purchasing an additional 762,573 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Harley-Davidson by 12.2% during the 4th quarter. Mackenzie Financial Corp now owns 3,949,622 shares of the company’s stock valued at $134,761,000 after purchasing an additional 429,922 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of Harley-Davidson by 33.8% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,428,966 shares of the company’s stock valued at $48,756,000 after purchasing an additional 361,044 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.
Several equities research analysts recently weighed in on the company. Wells Fargo & Co restated a “market perform” rating and set a $41.00 target price (down from $49.00) on shares of Harley-Davidson in a report on Monday, April 8th. Northcoast Research reiterated a “neutral” rating on shares of Harley-Davidson in a report on Thursday, April 4th. Zacks Investment Research cut Harley-Davidson from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. KeyCorp restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 22nd. Finally, ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The stock 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.16). Harley-Davidson had a return on equity of 30.76% and a net margin of 9.30%. The business had revenue of $955.63 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business posted $0.05 EPS. The firm’s revenue for the quarter was up 91173.4% on a year-over-year basis. On average, equities research analysts forecast that Harley-Davidson Inc will post 3.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 3.65%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, March 13th. Harley-Davidson’s payout ratio is presently 39.68%.
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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