Pacer Advisors Inc. Has $18.96 Million Stock Position in Harley-Davidson, Inc. $HOG

Pacer Advisors Inc. boosted its position in Harley-Davidson, Inc. (NYSE:HOG) by 6,537.2% during the 1st quarter, Holdings Channel reports. The fund owned 937,836 shares of the company’s stock after buying an additional 923,706 shares during the period. Pacer Advisors Inc.’s holdings in Harley-Davidson were worth $18,963,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HOG. Donald Smith & CO. Inc. increased its holdings in shares of Harley-Davidson by 30.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock valued at $182,345,000 after acquiring an additional 2,095,477 shares in the last quarter. Boston Partners raised its position in shares of Harley-Davidson by 2.1% during the third quarter. Boston Partners now owns 4,021,078 shares of the company’s stock worth $112,179,000 after purchasing an additional 84,516 shares during the period. State Street Corp lifted its holdings in shares of Harley-Davidson by 1.7% in the 2nd quarter. State Street Corp now owns 3,757,709 shares of the company’s stock worth $88,682,000 after purchasing an additional 64,118 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Harley-Davidson by 8.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock worth $42,675,000 after purchasing an additional 163,762 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Harley-Davidson by 456.7% in the 1st quarter. Bank of America Corp DE now owns 1,735,378 shares of the company’s stock valued at $35,089,000 after purchasing an additional 1,423,675 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jonathan R. Root sold 1,554 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $24.44, for a total value of $37,979.76. Following the completion of the transaction, the chief financial officer directly owned 29,400 shares of the company’s stock, valued at $718,536. This represents a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel J. Nova purchased 40,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $24.57 per share, with a total value of $982,800.00. Following the completion of the transaction, the director directly owned 47,605 shares of the company’s stock, valued at $1,169,654.85. The trade was a 525.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 4,672 shares of company stock valued at $116,266 in the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Harley-Davidson from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Sunday, July 12th. Loop Capital upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Monday, July 20th. Griffin Securities set a $30.00 price target on shares of Harley-Davidson in a research report on Monday, July 6th. Weiss Ratings raised Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.11.

Harley-Davidson Stock Performance

NYSE HOG opened at $26.50 on Wednesday. The company has a fifty day moving average price of $25.35 and a 200-day moving average price of $22.57. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 17.34 and a beta of 1.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. Harley-Davidson, Inc. has a 1 year low of $17.09 and a 1 year high of $31.25.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the firm earned $0.88 earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis. As a group, equities research analysts predict that Harley-Davidson, Inc. will post 0.5 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.75 annualized dividend and a dividend yield of 2.8%. Harley-Davidson’s dividend payout ratio (DPR) is currently 46.01%.

Harley-Davidson Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.