Robeco Institutional Asset Management B.V. Has $24,553,000 Stake in Harley-Davidson Inc. (HOG)
Robeco Institutional Asset Management B.V. boosted its position in Harley-Davidson Inc. (NYSE:HOG) by 7,447.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 466,887 shares of the company’s stock after buying an additional 460,701 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.26% of Harley-Davidson worth $24,553,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of HOG. Bronfman E.L. Rothschild L.P. increased its position in shares of Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock worth $101,000 after buying an additional 5 shares during the period. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Harley-Davidson by 59.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,501 shares of the company’s stock worth $113,000 after buying an additional 929 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Harley-Davidson by 344.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,118 shares of the company’s stock worth $141,000 after buying an additional 2,417 shares in the last quarter. Investment Counselors of Maryland LLC boosted its stake in shares of Harley-Davidson by 9.9% in the third quarter. Investment Counselors of Maryland LLC now owns 3,485 shares of the company’s stock worth $183,000 after buying an additional 315 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock worth $164,000 after buying an additional 247 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 12.86% and a return on equity of 35.49%. The company’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share.
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HOG has been the topic of a number of research reports. Citigroup Inc. boosted their price objective on Harley-Davidson from $51.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, August 29th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $47.00 price objective on shares of Harley-Davidson in a research note on Wednesday, August 3rd. RBC Capital Markets upgraded Harley-Davidson from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from $46.00 to $57.00 in a research note on Tuesday, November 15th. Vetr cut Harley-Davidson from a “hold” rating to a “sell” rating and set a $51.00 price objective on the stock. in a research note on Monday, August 8th. Finally, Jefferies Group initiated coverage on Harley-Davidson in a research note on Friday, September 30th. They issued a “hold” rating and a $49.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $53.22.
In other Harley-Davidson news, VP Joanne M. Bischmann sold 5,037 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $60.00, for a total value of $302,220.00. Following the transaction, the vice president now directly owns 6,771 shares of the company’s stock, valued at approximately $406,260. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Donald A. James sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $56.13, for a total transaction of $5,613,000.00. Following the completion of the transaction, the director now directly owns 5,523 shares in the company, valued at $310,005.99. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by insiders.
Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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