Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in PACCAR Inc. (NASDAQ:PCAR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,273 shares of the company’s stock, valued at approximately $4,811,000.
Other large investors have also recently added to or reduced their stakes in the company. Koch Industries Inc. acquired a new position in PACCAR in the second quarter worth approximately $213,000. Principal Financial Group Inc. increased its holdings in PACCAR by 381.5% in the second quarter. Principal Financial Group Inc. now owns 2,573,188 shares of the company’s stock worth $169,932,000 after buying an additional 2,038,761 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new position in PACCAR in the second quarter worth approximately $3,038,000. BlueMountain Capital Management LLC acquired a new position in PACCAR in the second quarter worth approximately $2,771,000. Finally, Brighton Jones LLC acquired a new position in PACCAR in the second quarter worth approximately $3,338,000. Hedge funds and other institutional investors own 63.03% of the company’s stock.
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Shares of PACCAR Inc. (NASDAQ:PCAR) traded down $0.30 during mid-day trading on Monday, reaching $69.04. The company had a trading volume of 210,449 shares, compared to its average volume of 2,430,000. The company has a market capitalization of $24,280.00, a PE ratio of 17.84, a P/E/G ratio of 1.66 and a beta of 1.24. PACCAR Inc. has a 52-week low of $58.38 and a 52-week high of $75.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.40 and a current ratio of 2.56.
PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.57 billion. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. PACCAR’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business earned $0.98 earnings per share. research analysts anticipate that PACCAR Inc. will post 4.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be given a $0.25 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.45%. PACCAR’s dividend payout ratio (DPR) is currently 25.64%.
A number of equities analysts recently commented on the company. UBS AG restated a “buy” rating and issued a $76.00 price objective (up previously from $75.00) on shares of PACCAR in a report on Wednesday, July 26th. Citigroup Inc. increased their price target on PACCAR from $74.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. BidaskClub upgraded PACCAR from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Tuesday, August 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $72.00 price target (up previously from $64.00) on shares of PACCAR in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $75.95.
In other PACCAR news, VP Alma Lily Ley sold 4,024 shares of PACCAR stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total transaction of $285,704.00. Following the completion of the transaction, the vice president now directly owns 24,319 shares of the company’s stock, valued at $1,726,649. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark C. Pigott sold 98,956 shares of PACCAR stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $71.37, for a total value of $7,062,489.72. Following the transaction, the insider now directly owns 2,985,401 shares of the company’s stock, valued at $213,068,069.37. The disclosure for this sale can be found here. 2.64% of the stock is owned by company insiders.
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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