Seeyond Reduces Position in Harley-Davidson Inc (NYSE:HOG)

Seeyond decreased its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 37.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,329 shares of the company’s stock after selling 14,232 shares during the period. Seeyond’s holdings in Harley-Davidson were worth $836,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings 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 buying an additional 3,367,376 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Harley-Davidson by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 14,004,889 shares of the company’s stock valued at $501,795,000 after acquiring an additional 931,941 shares during the period. LSV Asset Management boosted its stake in Harley-Davidson by 2.5% in the second quarter. LSV Asset Management now owns 4,180,390 shares of the company’s stock valued at $149,783,000 after acquiring an additional 100,079 shares during the period. Jupiter Asset Management Ltd. boosted its stake in Harley-Davidson by 17.8% in the second quarter. Jupiter Asset Management Ltd. now owns 3,868,048 shares of the company’s stock valued at $138,476,000 after acquiring an additional 584,557 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Harley-Davidson by 44.6% in the fourth 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. 93.97% of the stock is owned by institutional investors.

HOG has been the subject of a number of research reports. KeyCorp restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, July 19th. Northcoast Research reiterated a “hold” rating on shares of Harley-Davidson in a research report on Tuesday, June 4th. 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 Harley-Davidson and gave the stock a “hold” rating in a research report on Friday, July 12th. Finally, ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.00.

Shares of NYSE HOG traded up $0.92 during midday trading on Friday, hitting $36.97. 54,578 shares of the company’s stock were exchanged, compared to its average volume of 1,458,646. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.15 and a quick ratio of 1.03. The stock’s 50 day moving average price is $33.17 and its 200-day moving average price is $35.56. The firm has a market cap of $5.55 billion, a P/E ratio of 9.73, a PEG ratio of 1.26 and a beta of 1.21. Harley-Davidson Inc has a twelve month low of $30.17 and a twelve month high of $46.22.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.04. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Harley-Davidson had a return on equity of 28.67% and a net margin of 7.99%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. On average, analysts expect that Harley-Davidson Inc will post 3.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be given a $0.375 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.50 dividend on an annualized basis and a yield of 4.06%. Harley-Davidson’s dividend payout ratio (DPR) is 39.68%.

In other Harley-Davidson news, CFO John A. Olin sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was 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 in the company, valued at $3,182,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul J. Jones sold 11,884 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $35.15, for a total value of $417,722.60. Following the completion of the sale, the vice president now owns 9,575 shares of the company’s stock, valued at $336,561.25. The disclosure for this sale can be found here. Insiders sold 45,510 shares of company stock valued at $1,626,297 over the last 90 days. 0.86% of the stock is currently owned by insiders.

About Harley-Davidson

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.

Recommended Story: What is a Stop Order?

Want to see what other hedge funds are holding HOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harley-Davidson Inc (NYSE:HOG).

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.