Kiltearn Partners LLP Sells 148,793 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Kiltearn Partners LLP lessened its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 30.3% during the third quarter, Holdings Channel.com reports. The firm owned 342,420 shares of the company’s stock after selling 148,793 shares during the quarter. Harley-Davidson makes up 1.8% of Kiltearn Partners LLP’s investment portfolio, making the stock its 22nd biggest holding. Kiltearn Partners LLP’s holdings in Harley-Davidson were worth $13,193,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Townsquare Capital LLC acquired a new position in Harley-Davidson during the 3rd quarter worth about $214,000. Brooklyn Investment Group bought a new position in shares of Harley-Davidson during the third quarter worth about $79,000. Quantbot Technologies LP lifted its stake in shares of Harley-Davidson by 190.4% in the third quarter. Quantbot Technologies LP now owns 172,258 shares of the company’s stock worth $6,637,000 after acquiring an additional 112,948 shares during the period. Bank of Hawaii bought a new stake in Harley-Davidson in the third quarter valued at approximately $217,000. Finally, Algert Global LLC increased its position in Harley-Davidson by 72.6% during the 3rd quarter. Algert Global LLC now owns 327,286 shares of the company’s stock valued at $12,610,000 after purchasing an additional 137,644 shares during the period. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Trading Down 3.0 %

NYSE HOG opened at $33.46 on Wednesday. The business has a 50 day moving average price of $34.72 and a 200-day moving average price of $35.08. Harley-Davidson, Inc. has a 52 week low of $29.67 and a 52 week high of $44.16. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 7.53, a P/E/G ratio of 0.46 and a beta of 1.46.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a $0.1725 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.06%. Harley-Davidson’s dividend payout ratio is presently 15.54%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HOG shares. Robert W. Baird downgraded shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. UBS Group dropped their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Bank of America decreased their price target on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Citigroup cut their target price on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.57.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of Harley-Davidson stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total transaction of $137,965.50. Following the transaction, the director now directly owns 17,687 shares of the company’s stock, valued at $570,405.75. The trade was a 19.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.

Harley-Davidson Company 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.