Harley-Davidson, Inc. $HOG Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 14.9% during the fourth quarter, HoldingsChannel reports. The fund owned 219,575 shares of the company’s stock after acquiring an additional 28,431 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Harley-Davidson were worth $4,499,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in shares of Harley-Davidson by 1,277.0% in the 4th quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock valued at $22,418,000 after purchasing an additional 1,014,660 shares in the last quarter. Vanguard Group Inc. grew its stake in Harley-Davidson by 7.3% in the third quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock worth $361,544,000 after purchasing an additional 886,998 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Harley-Davidson in the third quarter valued at about $21,761,000. Algert Global LLC acquired a new stake in Harley-Davidson during the third quarter valued at approximately $17,246,000. Finally, WINTON GROUP Ltd raised its stake in Harley-Davidson by 449.9% during the third quarter. WINTON GROUP Ltd now owns 295,687 shares of the company’s stock valued at $8,250,000 after buying an additional 241,918 shares in the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Rafeh Masood acquired 2,775 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $49,950.00. Following the completion of the acquisition, the director directly owned 7,480 shares of the company’s stock, valued at approximately $134,640. The trade was a 58.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James D. Farley, Jr. sold 6,454 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total transaction of $120,754.34. Following the transaction, the director owned 16,205 shares in the company, valued at $303,195.55. This represents a 28.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.97% of the company’s stock.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $23.41 on Wednesday. Harley-Davidson, Inc. has a 12-month low of $17.09 and a 12-month high of $31.25. The company has a market cap of $2.55 billion, a PE ratio of 8.97 and a beta of 1.28. The stock has a 50 day simple moving average of $20.24 and a 200-day simple moving average of $21.89. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.52.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, February 10th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($1.52). Harley-Davidson had a net margin of 8.03% and a return on equity of 10.27%. The business had revenue of $496.16 million for the quarter, compared to the consensus estimate of $482.21 million. During the same period in the previous year, the firm earned ($0.93) EPS. The firm’s revenue was down 9.8% on a year-over-year basis. On average, equities research analysts forecast that Harley-Davidson, Inc. will post 0.6 EPS for the current year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1875 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, March 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.2%. Harley-Davidson’s payout ratio is presently 28.74%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. UBS Group lowered their target price on shares of Harley-Davidson from $27.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings downgraded shares of Harley-Davidson from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. DA Davidson dropped their price objective on shares of Harley-Davidson from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Morgan Stanley reiterated an “underweight” rating and set a $12.00 price target on shares of Harley-Davidson in a research report on Tuesday, February 17th. Finally, Citigroup reduced their price objective on Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.67.

Harley-Davidson Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.