AlphaQuest LLC Purchases 7,422 Shares of Harley-Davidson, Inc. $HOG

AlphaQuest LLC increased its position in Harley-Davidson, Inc. (NYSE:HOG) by 590.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,680 shares of the company’s stock after purchasing an additional 7,422 shares during the period. AlphaQuest LLC’s holdings in Harley-Davidson were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in Harley-Davidson by 7.7% in the 1st quarter. American Century Companies Inc. now owns 3,766,421 shares of the company’s stock worth $95,102,000 after acquiring an additional 269,842 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in Harley-Davidson by 104.0% in the 1st quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company’s stock worth $86,095,000 after acquiring an additional 1,738,017 shares during the last quarter. Millennium Management LLC purchased a new position in Harley-Davidson in the 1st quarter worth approximately $33,884,000. Invesco Ltd. raised its holdings in Harley-Davidson by 7.2% in the 1st quarter. Invesco Ltd. now owns 757,747 shares of the company’s stock worth $19,133,000 after acquiring an additional 50,717 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Harley-Davidson by 7.9% in the 1st quarter. Raymond James Financial Inc. now owns 673,353 shares of the company’s stock worth $17,002,000 after acquiring an additional 49,317 shares during the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Trading Up 1.3%

NYSE:HOG opened at $26.99 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 0.40 and a beta of 1.27. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $35.21. The business has a fifty day moving average price of $28.33 and a 200-day moving average price of $25.81.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, September 10th. Harley-Davidson’s dividend payout ratio is 37.31%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Morgan Stanley lowered shares of Harley-Davidson from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $27.00 to $25.00 in a report on Monday, October 27th. DA Davidson boosted their target price on shares of Harley-Davidson from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Griffin Securities set a $34.00 target price on shares of Harley-Davidson in a research note on Monday, August 25th. Finally, UBS Group set a $28.00 target price on shares of Harley-Davidson and gave the company a “neutral” rating in a research note on Friday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.14.

Insider Activity at Harley-Davidson

In related news, Director Rafeh Masood acquired 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the purchase, the director directly owned 4,705 shares of the company’s stock, valued at approximately $113,202.30. This trade represents a 78.42% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.93% of the stock is owned by company insiders.

About Harley-Davidson

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.