Algert Global LLC Grows Position in Harley-Davidson, Inc. (NYSE:HOG)

Algert Global LLC raised its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 72.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 327,286 shares of the company’s stock after purchasing an additional 137,644 shares during the period. Algert Global LLC owned 0.26% of Harley-Davidson worth $12,610,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cerity Partners LLC increased its holdings in Harley-Davidson by 3.7% during the third quarter. Cerity Partners LLC now owns 24,158 shares of the company’s stock valued at $931,000 after buying an additional 858 shares during the period. Raymond James Trust N.A. increased its holdings in shares of Harley-Davidson by 13.9% in the 3rd quarter. Raymond James Trust N.A. now owns 7,851 shares of the company’s stock valued at $302,000 after acquiring an additional 960 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Harley-Davidson by 22,680.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,182,864 shares of the company’s stock valued at $161,166,000 after acquiring an additional 4,164,502 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of Harley-Davidson in the 3rd quarter worth $5,224,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Harley-Davidson during the 3rd quarter worth $35,000. Institutional investors own 85.10% of the company’s stock.

Analyst Ratings Changes

HOG has been the topic of several analyst reports. Citigroup cut their target price on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. StockNews.com downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Tuesday. Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America cut their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, UBS Group decreased their price objective on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Harley-Davidson presently has an average rating of “Hold” and a consensus target price of $42.57.

Insiders Place Their Bets

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the sale, the director now owns 17,687 shares in the company, valued at approximately $570,405.75. This represents a 19.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.87% of the stock is currently owned by insiders.

Harley-Davidson Trading Up 2.2 %

NYSE:HOG opened at $33.55 on Friday. The company has a market capitalization of $4.27 billion, a P/E ratio of 7.56, a PEG ratio of 0.44 and a beta of 1.46. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. Harley-Davidson, Inc. has a 12 month low of $29.67 and a 12 month high of $44.16. The firm has a fifty day simple moving average of $34.79 and a 200-day simple moving average of $35.09.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s payout ratio is 15.54%.

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.