Boston Partners Reduces Position in Harley-Davidson, Inc. (NYSE:HOG)

Key Points

• Boston Partners has reduced its holdings in Harley-Davidson by 1.8%, now owning 6.3 million shares valued at approximately $158.98 million.
• Harley-Davidson reported an earnings per share (EPS) of $0.88 for the last quarter, missing analysts' expectations of $0.99, with a 19.3% year-over-year revenue decline.
• Institutional investors currently hold 85.10% of Harley-Davidson's stock, with several hedge funds increasing their positions during the first quarter.

Boston Partners lowered its stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,298,482 shares of the company's stock after selling 112,189 shares during the quarter. Boston Partners owned 5.18% of Harley-Davidson worth $158,975,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Assetmark Inc. grew its holdings in shares of Harley-Davidson by 209.7% in the first quarter. Assetmark Inc. now owns 1,053 shares of the company's stock worth $27,000 after purchasing an additional 713 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Harley-Davidson by 52.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company's stock worth $53,000 after acquiring an additional 725 shares in the last quarter. UMB Bank n.a. increased its position in shares of Harley-Davidson by 153.6% during the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock worth $33,000 after acquiring an additional 791 shares during the period. Deutsche Bank AG increased its position in shares of Harley-Davidson by 7.8% during the fourth quarter. Deutsche Bank AG now owns 11,486 shares of the company's stock worth $346,000 after acquiring an additional 831 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Harley-Davidson by 237.9% during the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock valued at $39,000 after acquiring an additional 916 shares in the last quarter. Institutional investors own 85.10% of the company's stock.

Harley-Davidson Stock Down 0.5%

Shares of HOG stock traded down $0.13 during mid-day trading on Friday, hitting $27.43. 2,239,543 shares of the stock traded hands, compared to its average volume of 2,713,376. The stock's fifty day moving average is $24.47 and its two-hundred day moving average is $24.59. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. Harley-Davidson, Inc. has a 52-week low of $20.45 and a 52-week high of $39.93. The stock has a market cap of $3.33 billion, a P/E ratio of 14.21, a P/E/G ratio of 0.44 and a beta of 1.29.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.11). Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $1.63 earnings per share. Harley-Davidson's revenue was down 19.3% on a year-over-year basis. Equities analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Wall Street Analysts Forecast Growth

HOG has been the topic of several research analyst reports. Robert W. Baird increased their price objective on Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Citigroup raised their price target on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Finally, UBS Group lowered their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $29.83.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, Director Rafeh Masood bought 2,068 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the purchase, the director directly owned 4,705 shares in the company, valued at $113,202.30. This represents a 78.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.93% of the stock is owned by insiders.

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.