APG Asset Management N.V. grew its stake in PACCAR Inc. (NASDAQ:PCAR) by 2.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 723,067 shares of the company’s stock after buying an additional 17,600 shares during the quarter. APG Asset Management N.V. owned 0.21% of PACCAR worth $52,307,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Koch Industries Inc. purchased a new position in shares of PACCAR in the 2nd quarter valued at about $213,000. Principal Financial Group Inc. raised its position in shares of PACCAR by 381.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,573,188 shares of the company’s stock worth $169,932,000 after acquiring an additional 2,038,761 shares in the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in shares of PACCAR during the 2nd quarter worth about $3,038,000. BlueMountain Capital Management LLC acquired a new stake in shares of PACCAR during the 2nd quarter worth about $2,771,000. Finally, Point72 Europe London LLP acquired a new stake in shares of PACCAR during the 1st quarter worth about $1,137,000. Institutional investors and hedge funds own 62.38% of the company’s stock.
PACCAR Inc. (NASDAQ PCAR) traded up $0.17 during trading on Friday, reaching $69.59. The company had a trading volume of 1,007,900 shares, compared to its average volume of 2,647,466. The firm has a market capitalization of $24,468.54, a price-to-earnings 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 current ratio of 2.56 and a quick ratio of 0.97.
PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.06. The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.57 billion. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. equities research analysts forecast that PACCAR Inc. will post 4.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, November 13th. This represents a $1.00 annualized dividend and a yield of 1.44%. PACCAR’s dividend payout ratio is presently 25.64%.
PCAR has been the topic of several research analyst reports. Wells Fargo & Company cut their target price on PACCAR from $77.00 to $75.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 25th. ValuEngine raised PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Stifel Nicolaus cut their price target on PACCAR from $76.00 to $75.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. Robert W. Baird lifted their price target on PACCAR from $80.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, UBS AG reaffirmed a “buy” rating and set a $76.00 price target (up previously from $75.00) on shares of PACCAR in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $75.95.
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In related news, insider Mark C. Pigott sold 98,956 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $71.37, for a total value of $7,062,489.72. Following the completion of the transaction, the insider now owns 2,985,401 shares of the company’s stock, valued at $213,068,069.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Alma Lily Ley sold 4,024 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $71.00, for a total value 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 approximately $1,726,649. The disclosure for this sale can be found here. Corporate insiders own 2.64% of the company’s stock.
PACCAR Company Profile
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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