Cerity Partners LLC Trims Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Cerity Partners LLC lowered its stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 66.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,017 shares of the company's stock after selling 16,141 shares during the quarter. Cerity Partners LLC's holdings in Harley-Davidson were worth $242,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Donald Smith & CO. Inc. bought a new stake in shares of Harley-Davidson in the 4th quarter valued at approximately $50,368,000. Proficio Capital Partners LLC bought a new position in Harley-Davidson during the 4th quarter valued at $1,341,000. Hussman Strategic Advisors Inc. acquired a new stake in Harley-Davidson in the 4th quarter valued at about $1,898,000. Norges Bank acquired a new position in Harley-Davidson in the fourth quarter worth approximately $11,010,000. Finally, Bank of New York Mellon Corp raised its holdings in Harley-Davidson by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company's stock worth $44,295,000 after buying an additional 157,939 shares during the period. Institutional investors and hedge funds own 85.10% of the company's stock.

Insider Buying and Selling

In related news, insider Luke Christopher Mansfield sold 3,400 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the transaction, the insider now owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.93% of the stock is currently owned by company insiders.

Harley-Davidson Trading Down 3.9 %

HOG traded down $0.90 during trading on Wednesday, hitting $22.26. The company's stock had a trading volume of 5,787,292 shares, compared to its average volume of 1,892,932. The firm has a market capitalization of $2.75 billion, a P/E ratio of 6.68, a PEG ratio of 0.38 and a beta of 1.28. Harley-Davidson, Inc. has a twelve month low of $20.45 and a twelve month high of $39.93. The stock's fifty day moving average price is $24.22 and its 200-day moving average price is $28.53. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the prior year, the company earned $0.18 earnings per share. Analysts anticipate that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.72 annualized dividend and a yield of 3.23%. This is a positive change from Harley-Davidson's previous quarterly dividend of $0.17. Harley-Davidson's payout ratio is presently 21.62%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HOG shares. Citigroup cut their price target on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Morgan Stanley reduced their price objective on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. UBS Group cut their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Bank of America lowered their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Finally, Robert W. Baird dropped their price target on Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $29.83.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.