Canada Pension Plan Investment Board Reduces Stake in Harley-Davidson Inc. (HOG)

Canada Pension Plan Investment Board cut its position in Harley-Davidson Inc. (NYSE:HOG) by 43.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,215 shares of the company’s stock after selling 96,395 shares during the period. Canada Pension Plan Investment Board owned approximately 0.07% of Harley-Davidson worth $ 6,690,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. HL Financial Services LLC boosted its position in Harley-Davidson by 10.5% in the second quarter. HL Financial Services LLC now owns 1,051,021 shares of the company’s stock worth $ 47,611,000 after buying an additional 99,490 shares during the last quarter. Becker Capital Management Inc. raised its stake in Harley-Davidson by 17.1% in the second quarter. Becker Capital Management Inc. now owns 769,573 shares of the company’s stock worth $ 34,862,000 after buying an additional 112,533 shares during the period. PGGM Investments raised its stake in Harley-Davidson by 29.1% in the second quarter. PGGM Investments now owns 777,640 shares of the company’s stock worth $ 35,227,000 after buying an additional 175,384 shares during the period. National Pension Service raised its stake in Harley-Davidson by 9.4% in the third quarter. National Pension Service now owns 173,457 shares of the company’s stock worth $ 9,122,000 after buying an additional 14,931 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Harley-Davidson by 8.4% in the second quarter. Macquarie Group Ltd. now owns 115,749 shares of the company’s stock worth $ 5,243,000 after buying an additional 8,976 shares during the period. Hedge funds and other institutional investors own 91.48% of the company’s stock.

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

Shares of Harley-Davidson Inc. (NYSE:HOG) traded up 0.59% during mid-day trading on Monday, reaching $ 58.18. The company’s stock had a trading volume of 1,019,398 shares. The firm’s 50 day moving average is $ 59.39 and its 200 day moving average is $ 53.02. The firm has a market cap of $ 10.38 billion, a PE ratio of 15.58 and a beta of 0.96. Harley-Davidson Inc. has a one year low of $ 36.36 and a one year high of $ 62.35.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $ 0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $ 0.64. Harley-Davidson had a net margin of 12.86% and a return on equity of 35.49%. The firm earned $ 1.27 billion during the quarter, compared to the consensus estimate of $ 1.09 billion. During the same quarter in the previous year, the firm posted $ 0.69 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. On average, equities analysts anticipate that Harley-Davidson Inc. will post $ 3.87 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be paid a dividend of $ 0.35 per share. This represents a $ 1.40 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, December 14th. Harley-Davidson’s dividend payout ratio is presently 37.14%.

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A number of equities research analysts have recently weighed in on HOG shares. Citigroup Inc. boosted their target price on Harley-Davidson from $ 51.00 to $ 62.00 and gave the company a “buy” rating in a research note on Monday, August 29th. Longbow Research lowered Harley-Davidson from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $ 52.57 to $ 40.00 in a research note on Monday, August 29th. Vetr lowered Harley-Davidson from a “hold” rating to a “sell” rating and set a $ 50.75 target price for the company. in a research note on Monday, August 29th. Sanford C. Bernstein started coverage on Harley-Davidson in a research note on Thursday, September 8th. They issued an “outperform” rating and a $ 64.00 target price for the company. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $ 66.00 target price on shares of Harley-Davidson in a research note on Friday, September 9th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Harley-Davidson has a consensus rating of “Hold” and an average price target of $ 54.47.

In other news, VP Joanne M. Bischmann sold 5,037 shares of Harley-Davidson stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $ 60.00, for a total transaction of $ 302,220.00. Following the completion of the sale, the vice president now owns 6,771 shares of the company’s stock, valued at $ 406,260. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lawrence G. Hund sold 28,271 shares of Harley-Davidson stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $ 60.00, for a total transaction of $ 1,696,260.00. Following the sale, the insider now directly owns 25,438 shares of the company’s stock, valued at approximately $ 1,526,280. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.

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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.

5 Day Chart for NYSE:HOG

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Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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