Caisse DE Depot ET Placement DU Quebec Makes New Investment in Harley-Davidson, Inc. $HOG

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired 20,500 shares of Harley-Davidson, valued at approximately $518,000, as part of their new position in the company.
• Analyst ratings have shifted recently, with Zacks Research upgrading the stock from a "strong sell" to a "hold," while DA Davidson set a new price target of $34.00 with a "buy" rating.
• Harley-Davidson declared a quarterly dividend of $0.18 per share, which will be paid on September 24th, representing an annualized dividend yield of 2.5%.

Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,500 shares of the company's stock, valued at approximately $518,000.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its holdings in shares of Harley-Davidson by 209.7% in the 1st 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. increased its holdings in Harley-Davidson by 52.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,110 shares of the company's stock valued at $53,000 after purchasing an additional 725 shares during the last quarter. UMB Bank n.a. boosted its stake in Harley-Davidson by 153.6% during the 1st 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 last quarter. Deutsche Bank AG boosted 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 purchasing an additional 831 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Harley-Davidson by 35.6% in the first quarter. Parallel Advisors LLC now owns 3,578 shares of the company's stock valued at $90,000 after acquiring an additional 939 shares during the period. Institutional investors and hedge funds own 85.10% of the company's stock.

Insiders Place Their Bets

In other news, Director Rafeh Masood acquired 2,068 shares of Harley-Davidson stock in a transaction on Tuesday, August 5th. The stock was acquired at an average cost of $24.06 per share, with a total value of $49,756.08. Following the completion of the acquisition, the director owned 4,705 shares in the company, valued at approximately $113,202.30. This trade represents a 78.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.93% of the company's stock.

Harley-Davidson Price Performance

HOG stock traded up $0.47 during midday trading on Thursday, reaching $29.86. 202,112 shares of the stock were exchanged, compared to its average volume of 2,188,709. Harley-Davidson, Inc. has a 52 week low of $20.45 and a 52 week high of $39.93. The company has a fifty day moving average price of $25.65 and a 200 day moving average price of $24.79. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The stock has a market capitalization of $3.63 billion, a PE ratio of 15.47, a P/E/G ratio of 0.41 and a beta of 1.31.

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

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 10th. Harley-Davidson's payout ratio is 37.31%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. DA Davidson lifted their price target on Harley-Davidson from $31.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Citigroup upped their target price on Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Zacks Research upgraded Harley-Davidson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Robert W. Baird increased their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Finally, Griffin Securities set a $34.00 target price on shares of Harley-Davidson in a report on Monday, August 25th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Harley-Davidson has a consensus rating of "Hold" and a consensus price target of $30.86.

Harley-Davidson Company Profile

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.