Robeco Institutional Asset Management B.V. Reduces Holdings in Harley-Davidson Inc (NYSE:HOG)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Harley-Davidson Inc (NYSE:HOG) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 479,530 shares of the company’s stock after selling 26,916 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.30% of Harley-Davidson worth $17,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HOG. BlackRock Inc. lifted its position in Harley-Davidson by 31.0% in the first quarter. BlackRock Inc. now owns 14,230,558 shares of the company’s stock valued at $507,463,000 after purchasing an additional 3,367,376 shares during the period. Norges Bank acquired a new stake in shares of Harley-Davidson during the 4th quarter valued at approximately $54,193,000. Dimensional Fund Advisors LP lifted 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 acquiring an additional 762,573 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Harley-Davidson by 20.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,697,460 shares of the company’s stock valued at $60,335,000 after acquiring an additional 288,544 shares during the period. Finally, Morningstar Investment Services LLC acquired a new stake in shares of Harley-Davidson during the 1st quarter valued at approximately $6,625,000. Institutional investors and hedge funds own 91.49% of the company’s stock.

In other Harley-Davidson news, CFO John A. Olin sold 30,000 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $35.96, for a total value of $1,078,800.00. Following the completion of the sale, the chief financial officer now directly owns 88,500 shares of the company’s stock, valued at approximately $3,182,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jochen Zeitz sold 2,227 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $33.05, for a total transaction of $73,602.35. Following the completion of the sale, the director now directly owns 1 shares of the company’s stock, valued at $33.05. The disclosure for this sale can be found here. Insiders sold a total of 47,737 shares of company stock valued at $1,699,899 over the last ninety days. 0.86% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. DA Davidson reiterated a “sell” rating on shares of Harley-Davidson in a research report on Friday, July 26th. Wedbush set a $35.00 price objective on shares of Harley-Davidson and gave the stock a “hold” rating in a research note on Friday, July 12th. Northcoast Research reissued a “hold” rating on shares of Harley-Davidson in a research note on Tuesday, June 4th. Zacks Investment Research cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Goldman Sachs Group reissued a “sell” rating and set a $34.00 price objective (down from $37.00) on shares of Harley-Davidson in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.00.

HOG stock traded up $0.17 during midday trading on Friday, hitting $35.01. The stock had a trading volume of 1,850,046 shares, compared to its average volume of 2,187,745. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 1.24 and a beta of 1.18. The company has a current ratio of 1.15, a quick ratio of 1.03 and a debt-to-equity ratio of 2.43. Harley-Davidson Inc has a 12-month low of $31.36 and a 12-month high of $46.22. The business has a 50-day moving average price of $35.66.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, July 23rd. The company reported $1.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.04. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Harley-Davidson had a net margin of 7.99% and a return on equity of 28.67%. Harley-Davidson’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 EPS. On average, equities research analysts anticipate that Harley-Davidson Inc will post 3.52 EPS for the current fiscal year.

Harley-Davidson Profile

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

Further Reading: What does a market perform rating mean?

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.