BlueCrest Capital Management Ltd Takes Position in PACCAR Inc. (PCAR)

BlueCrest Capital Management Ltd purchased a new stake in shares of PACCAR Inc. (NASDAQ:PCAR) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 36,268 shares of the company’s stock, valued at approximately $2,395,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in PACCAR by 91.1% during the 2nd quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock valued at $123,000 after purchasing an additional 890 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its holdings in PACCAR by 18.8% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock valued at $125,000 after purchasing an additional 300 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in PACCAR by 29.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock valued at $143,000 after purchasing an additional 500 shares in the last quarter. Perkins Coie Trust Co grew its holdings in PACCAR by 102.8% during the 2nd quarter. Perkins Coie Trust Co now owns 2,282 shares of the company’s stock valued at $151,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Sun Life Financial INC grew its holdings in PACCAR by 19,884.6% during the 2nd quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock valued at $172,000 after purchasing an additional 2,585 shares in the last quarter. 62.13% of the stock is owned by institutional investors and hedge funds.

PACCAR Inc. (NASDAQ:PCAR) opened at 72.97 on Wednesday. The company has a market capitalization of $25.64 billion, a P/E ratio of 19.53 and a beta of 1.18. PACCAR Inc. has a 52-week low of $53.38 and a 52-week high of $74.79. The stock has a 50 day moving average of $69.30 and a 200-day moving average of $66.65.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, July 25th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.07. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the company earned $1.06 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that PACCAR Inc. will post $4.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. PACCAR’s dividend payout ratio is presently 26.74%.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://ledgergazette.com/2017/10/11/bluecrest-capital-management-ltd-takes-position-in-paccar-inc-pcar.html.

In other news, insider T. Kyle Quinn sold 2,786 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total value of $189,141.54. Following the sale, the insider now owns 20,800 shares in the company, valued at approximately $1,412,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.64% of the stock is currently owned by insiders.

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of PACCAR from $74.00 to $77.00 and gave the company a “market perform” rating in a report on Friday, October 6th. J P Morgan Chase & Co raised shares of PACCAR from a “neutral” rating to an “overweight” rating and raised their price target for the company from $70.00 to $83.00 in a report on Wednesday, October 4th. Deutsche Bank AG reaffirmed a “hold” rating and set a $78.00 price target (up from $75.00) on shares of PACCAR in a report on Monday. ValuEngine lowered shares of PACCAR from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, UBS AG reaffirmed a “buy” rating and set a $82.00 price target (up from $76.00) on shares of PACC

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in PACCAR by 91.1% during the 2nd quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock valued at $123,000 after purchasing an additional 890 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its holdings in PACCAR by 18.8% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock valued at $125,000 after purchasing an additional 300 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in PACCAR by 29.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock valued at $143,000 after purchasing an additional 500 shares in the last quarter. Perkins Coie Trust Co grew its holdings in PACCAR by 102.8% during the 2nd quarter. Perkins Coie Trust Co now owns 2,282 shares of the company’s stock valued at $151,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Sun Life Financial INC grew its holdings in PACCAR by 19,884.6% during the 2nd quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock valued at $172,000 after purchasing an additional 2,585 shares in the last quarter. 62.13% of the stock is owned by institutional investors and hedge funds.

PACCAR Inc. (NASDAQ:PCAR) opened at 72.97 on Wednesday. The company has a market capitalization of $25.64 billion, a P/E ratio of 19.53 and a beta of 1.18. PACCAR Inc. has a 52-week low of $53.38 and a 52-week high of $74.79. The stock has a 50 day moving average of $69.30 and a 200-day moving average of $66.65.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, July 25th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.07. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the company earned $1.06 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that PACCAR Inc. will post $4.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. PACCAR’s dividend payout ratio is presently 26.74%.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://ledgergazette.com/2017/10/11/bluecrest-capital-management-ltd-takes-position-in-paccar-inc-pcar.html.

In other news, insider T. Kyle Quinn sold 2,786 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total value of $189,141.54. Following the sale, the insider now owns 20,800 shares in the company, valued at approximately $1,412,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.64% of the stock is currently owned by insiders.

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of PACCAR from $74.00 to $77.00 and gave the company a “market perform” rating in a report on Friday, October 6th. J P Morgan Chase & Co raised shares of PACCAR from a “neutral” rating to an “overweight” rating and raised their price target for the company from $70.00 to $83.00 in a report on Wednesday, October 4th. Deutsche Bank AG reaffirmed a “hold” rating and set a $78.00 price target (up from $75.00) on shares of PACCAR in a report on Monday. ValuEngine lowered shares of PACCAR from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, UBS AG reaffirmed a “buy” rating and set a $82.00 price target (up from $76.00) on shares of PACCAR in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $74.58.

About PACCAR

PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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