Ontario Teachers Pension Plan Board grew its holdings in shares of Harley-Davidson Inc (NYSE:HOG) by 10.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,148 shares of the company’s stock after buying an additional 1,915 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Harley-Davidson were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its position in Harley-Davidson by 17.6% during the 4th quarter. Bank of Montreal Can now owns 85,556 shares of the company’s stock worth $4,353,000 after purchasing an additional 12,807 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Harley-Davidson by 11.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 25,591 shares of the company’s stock worth $1,233,000 after purchasing an additional 2,659 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Harley-Davidson by 26.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 207,559 shares of the company’s stock worth $10,006,000 after purchasing an additional 42,983 shares during the period. Schwab Charles Investment Management Inc. increased its position in Harley-Davidson by 27.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,129,738 shares of the company’s stock worth $54,465,000 after purchasing an additional 245,139 shares during the period. Finally, Parthenon LLC increased its position in Harley-Davidson by 32.4% during the 3rd quarter. Parthenon LLC now owns 15,849 shares of the company’s stock worth $764,000 after purchasing an additional 3,875 shares during the period. Institutional investors own 95.87% of the company’s stock.
In related news, VP Tchernavia Rocker sold 1,401 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $47.74, for a total value of $66,883.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Paul J. Jones sold 870 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $47.62, for a total value of $41,429.40. Following the completion of the sale, the vice president now directly owns 3,399 shares in the company, valued at approximately $161,860.38. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS. research analysts expect that Harley-Davidson Inc will post 3.75 earnings per share for the current fiscal year.
Harley-Davidson announced that its board has initiated a share repurchase plan on Monday, February 5th that authorizes the company to repurchase 15,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.37 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date is Tuesday, February 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.17%. Harley-Davidson’s payout ratio is 49.66%.
Several equities analysts have issued reports on HOG shares. Wedbush boosted their target price on Harley-Davidson from $45.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Friday, February 2nd. Goldman Sachs Group cut Harley-Davidson to a “hold” rating and set a $43.00 target price on the stock. in a research report on Wednesday, January 3rd. Wells Fargo & Co upgraded Harley-Davidson from a “market perform” rating to an “outperform” rating and set a $59.00 target price on the stock in a research report on Monday, January 22nd. Finally, Longbow Research cut Harley-Davidson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $52.00.
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Harley-Davidson Company Profile
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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