Quantbot Technologies LP Acquires New Stake in Harley-Davidson, Inc. $HOG

Quantbot Technologies LP bought a new position in Harley-Davidson, Inc. (NYSE:HOG) in the second quarter, HoldingsChannel.com reports. The firm bought 25,932 shares of the company’s stock, valued at approximately $634,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Harley-Davidson in the fourth quarter valued at about $25,766,000. State of Wyoming bought a new position in shares of Harley-Davidson during the second quarter worth about $942,000. Robinson Value Management Ltd. acquired a new stake in Harley-Davidson in the 1st quarter valued at approximately $3,215,000. Caxton Associates LLP bought a new stake in Harley-Davidson in the 1st quarter valued at approximately $957,000. Finally, Empowered Funds LLC boosted its position in Harley-Davidson by 303.4% during the 1st quarter. Empowered Funds LLC now owns 465,085 shares of the company’s stock worth $9,404,000 after acquiring an additional 349,797 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Insider Activity at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $24.88, for a total transaction of $38,663.52. Following the completion of the sale, the chief financial officer owned 27,846 shares in the company, valued at approximately $692,808.48. This trade represents a 5.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Artie Starrs bought 10,000 shares of Harley-Davidson stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average cost of $25.89 per share, with a total value of $258,900.00. Following the acquisition, the chief executive officer directly owned 25,000 shares in the company, valued at $647,250. This trade represents a 66.67% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 57,500 shares of company stock worth $1,439,550. 0.97% of the stock is owned by corporate insiders.

Harley-Davidson Stock Up 0.0%

HOG stock opened at $27.86 on Friday. Harley-Davidson, Inc. has a 1-year low of $17.09 and a 1-year high of $31.25. The business’s 50 day simple moving average is $26.10 and its 200 day simple moving average is $23.40. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.90 billion, a PE ratio of 17.09, a PEG ratio of 17.20 and a beta of 1.27.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.10. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted $0.88 EPS. The company’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, research analysts anticipate that Harley-Davidson, Inc. will post 0.56 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Citigroup lifted their price target on shares of Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Sunday, July 12th. Morgan Stanley boosted their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.78.

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.