Pacer Advisors Inc. Boosts Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Pacer Advisors Inc. lifted its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 30.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,468,089 shares of the company’s stock after purchasing an additional 1,285,225 shares during the period. Pacer Advisors Inc.’s holdings in Harley-Davidson were worth $164,754,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in Harley-Davidson by 8.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 63,148 shares of the company’s stock valued at $2,118,000 after purchasing an additional 5,070 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Harley-Davidson by 23.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 10,518 shares of the company’s stock worth $353,000 after buying an additional 1,995 shares in the last quarter. Sei Investments Co. raised its position in shares of Harley-Davidson by 9.0% in the second quarter. Sei Investments Co. now owns 76,231 shares of the company’s stock valued at $2,557,000 after buying an additional 6,297 shares during the last quarter. Bank of Montreal Can boosted its position in Harley-Davidson by 14.1% during the second quarter. Bank of Montreal Can now owns 468,618 shares of the company’s stock worth $15,731,000 after acquiring an additional 57,913 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Harley-Davidson by 1,179.1% during the second quarter. AQR Capital Management LLC now owns 270,102 shares of the company’s stock worth $9,048,000 after acquiring an additional 248,986 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Insider Activity at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the completion of the transaction, the director now directly owns 17,687 shares in the company, valued at $570,405.75. This trade represents a 19.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by insiders.

Harley-Davidson Trading Down 1.4 %

NYSE HOG opened at $28.34 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.41 and a quick ratio of 1.25. The stock has a market capitalization of $3.61 billion, a P/E ratio of 6.38, a PEG ratio of 0.34 and a beta of 1.48. The firm’s 50-day moving average is $31.15 and its two-hundred day moving average is $34.08. Harley-Davidson, Inc. has a 12 month low of $27.37 and a 12 month high of $44.16.

Harley-Davidson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.44%. Harley-Davidson’s payout ratio is currently 15.54%.

Wall Street Analysts Forecast Growth

HOG has been the topic of a number of research reports. Bank of America decreased their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. UBS Group cut their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Morgan Stanley lowered shares of Harley-Davidson from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $40.00 to $33.00 in a report on Tuesday, January 21st. Finally, Baird R W downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Harley-Davidson presently has an average rating of “Hold” and a consensus target price of $39.14.

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.