Candriam Luxembourg S.C.A. Cuts Stake in Harley-Davidson, Inc. (NYSE:HOG)
Candriam Luxembourg S.C.A. lowered its position in Harley-Davidson, Inc. (NYSE:HOG) by 39.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,591 shares of the company’s stock after selling 57,383 shares during the period. Candriam Luxembourg S.C.A. owned 0.05% of Harley-Davidson worth $4,732,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in Harley-Davidson by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 268,645 shares of the company’s stock worth $15,673,000 after buying an additional 13,353 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in Harley-Davidson by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 152,097 shares of the company’s stock worth $9,202,000 after buying an additional 4,305 shares in the last quarter. Manning & Napier Advisors LLC raised its position in Harley-Davidson by 14.0% in the first quarter. Manning & Napier Advisors LLC now owns 32,778 shares of the company’s stock worth $1,982,000 after buying an additional 4,014 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Harley-Davidson during the first quarter worth $255,000. Finally, Gulf International Bank UK Ltd raised its stake in shares of Harley-Davidson by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 56,619 shares of the company’s stock worth $3,425,000 after buying an additional 800 shares in the last quarter. 85.14% of the stock is currently owned by hedge funds and other institutional investors.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share.
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A number of equities research analysts have weighed in on HOG shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a $50.00 price objective (down previously from $52.00) on shares of Harley-Davidson in a report on Thursday, April 20th. ValuEngine lowered Harley-Davidson from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Royal Bank Of Canada lowered their price objective on Harley-Davidson from $60.00 to $57.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $63.00 price objective (up previously from $58.00) on shares of Harley-Davidson in a report on Friday, April 14th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $62.00 price objective on shares of Harley-Davidson in a report on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and a consensus target price of $54.83.
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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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