Harley-Davidson, Inc. (NYSE:HOG) Stock Position Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in Harley-Davidson, Inc. (NYSE:HOG) by 22,680.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,182,864 shares of the company’s stock after acquiring an additional 4,164,502 shares during the quarter. Pacer Advisors Inc.’s holdings in Harley-Davidson were worth $161,166,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new position in Harley-Davidson in the 3rd quarter valued at about $35,000. Ashton Thomas Securities LLC acquired a new stake in Harley-Davidson in the 3rd quarter valued at about $38,000. Signaturefd LLC lifted its holdings in Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after acquiring an additional 597 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Harley-Davidson by 19.5% in the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $66,000 after acquiring an additional 322 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Harley-Davidson by 19.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after acquiring an additional 320 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Insider Buying and Selling at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total value of $137,965.50. Following the completion of the sale, the director now directly owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This represents a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Harley-Davidson Trading Down 0.8 %

NYSE:HOG opened at $32.47 on Thursday. The stock’s 50 day moving average price is $34.92 and its 200 day moving average price is $35.12. Harley-Davidson, Inc. has a 52 week low of $29.67 and a 52 week high of $44.16. The company has a market capitalization of $4.13 billion, a P/E ratio of 7.31, a P/E/G ratio of 0.44 and a beta of 1.46. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41.

Harley-Davidson announced that its board has authorized a stock repurchase plan on Thursday, July 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase up to 19.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a dividend of $0.1725 per share. The ex-dividend date was Monday, September 16th. This represents a $0.69 annualized dividend and a yield of 2.13%. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.54%.

Analyst Ratings Changes

A number of brokerages have weighed in on HOG. Baird R W downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. StockNews.com lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday. Robert W. Baird lowered shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Bank of America reduced their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, UBS Group reduced their price objective on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.57.

Harley-Davidson Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.