Marshall Wace LLP Takes Position in Harley-Davidson Inc (HOG)
Marshall Wace LLP bought a new position in shares of Harley-Davidson Inc (NYSE:HOG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 322,121 shares of the company’s stock, valued at approximately $13,555,000. Marshall Wace LLP owned approximately 0.19% of Harley-Davidson as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of HOG. Mackay Shields LLC bought a new stake in shares of Harley-Davidson in the 1st quarter worth approximately $1,215,000. American Century Companies Inc. bought a new stake in shares of Harley-Davidson in the 1st quarter worth approximately $3,794,000. Victory Capital Management Inc. raised its holdings in shares of Harley-Davidson by 19.7% in the 1st quarter. Victory Capital Management Inc. now owns 205,529 shares of the company’s stock worth $8,813,000 after purchasing an additional 33,818 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Harley-Davidson by 3.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 174,448 shares of the company’s stock worth $7,479,000 after purchasing an additional 5,380 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Harley-Davidson by 16.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,375,697 shares of the company’s stock worth $58,990,000 after purchasing an additional 197,569 shares during the period. 85.87% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Lawrence G. Hund sold 37,040 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $43.33, for a total value of $1,604,943.20. Following the completion of the transaction, the insider now directly owns 29,715 shares in the company, valued at $1,287,550.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John A. Olin sold 12,587 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total transaction of $547,282.76. Following the completion of the transaction, the chief financial officer now owns 55,016 shares of the company’s stock, valued at $2,392,095.68. The disclosure for this sale can be found here. Insiders have sold a total of 51,225 shares of company stock valued at $2,221,739 over the last 90 days. Company insiders own 0.58% of the company’s stock.
HOG opened at $44.55 on Friday. The firm has a market cap of $7.41 billion, a PE ratio of 12.73, a PEG ratio of 1.44 and a beta of 0.97. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. Harley-Davidson Inc has a one year low of $39.34 and a one year high of $56.50.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, July 24th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.11. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.43 billion. Harley-Davidson had a net margin of 10.08% and a return on equity of 31.70%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 EPS. sell-side analysts forecast that Harley-Davidson Inc will post 3.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 18th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, September 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.32%. Harley-Davidson’s dividend payout ratio (DPR) is currently 42.29%.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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