Harley-Davidson recalls bikes; oil line can detach and cause crash

Harley-Davidson Perfume
Harley-Davidson Perfume
Author

03 June, 2017

Harley initially began investigating the issue in March after the company was told an oil line had detached while a motorcycle was being operated on a dynamometer at a Harley-Davidson dealership. It has a 15.16 P/E ratio. AP reports Harley-Davidson expects to start the recall, including about 46,000 bikes in the USA, on Tuesday. Tyers Asset Management LLC purchased a new position in Harley-Davidson during the fourth quarter valued at $902,000. Harley now has $9.33 billion valuation. The stock declined 0.26% or $0.14 reaching $53.17 per share.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, April 18th. It has outperformed by 7.97% the S&P500. Finally, Independent Franchise Partners LLP increased its stake in Harley-Davidson by 1.5% in the third quarter.

Since February 6, 2017, it had 1 buy, and 6 sales for $6.19 million activity. Another trade for 825 shares valued at $144,185 was made by ARNOLD FRANCES on Thursday, May 25. Another trade for 600 shares valued at $103,675 was sold by BRADBURY DANIEL. BOWMAN A BLAINE sold $488,231 worth of stock. Insiders sold a total of 103,960 shares of company stock worth $5,912,378 over the last 90 days. Its down 0.40, from 1.07 in 2016Q3. It improved, as 45 investors sold HOG shares while 176 reduced holdings. 133.90 million shares or 0.79% less from 134.97 million shares in 2016Q3 were reported. Twin Mngmt Inc accumulated 54,300 shares. Seabridge Investment Advsrs Lc has 86,708 shares for 1.22% of their portfolio. (NASDAQ:ILMN). Waterstone Capital Mngmt LP stated it has 0.98% in Illumina, Inc. Its down 6.91% from 333,000 shares previously. Arrow Financial Corp owns 1,100 shares.

ORBCOMM Inc.is a provider of Internet of Things solutions, including network connectivity, devices, device management and Web reporting applications. Glg Lc reported 0.07% of its portfolio in Illumina, Inc. Vanguard holds 0% in ORBCOMM Inc (NASDAQ:ORBC) or 4.98 million shares. De Burlo Group has invested 0.46% in Illumina, Inc.

Harley-Davidson, Inc. (NYSE:HOG), maintained return on investment for the last twelve months at 8.05, higher than what Reuters data shows regarding industry's average. Therefore 18% are positive. Also, SVP Michelle Kumbier sold 3,049 shares of the firm's stock in a transaction on Monday, February 6th. The stock presently has an average rating of "Hold" and an average target price of $56.12. The firm has "Perform" rating by Oppenheimer given on Friday, October 28. Cowen & Co maintained Illumina, Inc. The company was initiated on Wednesday, March 30 by Argus Research.

Among 22 analysts covering Harley-Davidson (NYSE:HOG), 4 have Buy rating, 0 Sell and 18 Hold. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the company. Harley-Davidson has a 1-year low of $41.63 and a 1-year high of $63.40. The stock of Harley-Davidson Inc (NYSE:HOG) has "Hold" rating given on Tuesday, October 20 by Wunderlich. HOG was included in 5 notes of analysts from August 29, 2016. DA Davidson upgraded shares of Harley-Davidson from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 12th. The company was maintained on Monday, November 23 by Barclays Capital.

Clinton Group Inc. acquired a new position in shares of Harley-Davidson Inc (NYSE:HOG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.03. The expected HOG's profit could reach $244.73M giving the stock 9.60 P/E in the case that $1.39 earnings per share is reported.

About 77,841 shares traded. Sanford C. Bernstein decreased their target price on shares of Harley-Davidson from $68.00 to $62.00 and set an "outperform" rating on the stock in a research report on Friday, April 21st. The Landscape Capital Management Llc holds 4,989 shares with $291,000 value, down from 19,785 last quarter. The institutional investor owned 47,590 shares of the company's stock after buying an additional 17,090 shares during the period.

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