361 Capital LLC bought a new position in shares of PACCAR Inc. (NASDAQ:PCAR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,701 shares of the company’s stock, valued at approximately $919,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PCAR. State of Alaska Department of Revenue raised its holdings in shares of PACCAR by 29.9% in the second quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock worth $143,000 after acquiring an additional 500 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in PACCAR during the second quarter valued at approximately $380,000. Aperio Group LLC grew its holdings in shares of PACCAR by 4.3% during the second quarter. Aperio Group LLC now owns 192,384 shares of the company’s stock valued at $12,705,000 after purchasing an additional 7,953 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in PACCAR by 4.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 526,584 shares of the company’s stock worth $34,773,000 after buying an additional 23,112 shares in the last quarter. Finally, LGT Capital Partners LTD. lifted its position in shares of PACCAR by 12.2% during the 2nd quarter. LGT Capital Partners LTD. now owns 12,780 shares of the company’s stock valued at $844,000 after acquiring an additional 1,390 shares during the last quarter. 62.37% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PACCAR Inc. (NASDAQ:PCAR) traded down $3.01 during midday trading on Monday, hitting $66.69. The stock had a trading volume of 5,375,400 shares, compared to its average volume of 1,908,590. The company has a quick ratio of 2.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.75. PACCAR Inc. has a 1-year low of $58.78 and a 1-year high of $75.68. The firm has a market cap of $23,730.00, a price-to-earnings ratio of 17.10, a PEG ratio of 1.60 and a beta of 1.24.
PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. PACCAR’s revenue was up 19.7% on a year-over-year basis. sell-side analysts forecast that PACCAR Inc. will post 4.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Monday, November 13th. PACCAR’s dividend payout ratio (DPR) is 25.64%.
In related news, VP C Michael Dozier sold 3,618 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $69.02, for a total value of $249,714.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Alma Lily Ley sold 4,024 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was 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 $1,726,649. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,598 shares of company stock worth $7,597,908. Insiders own 2.64% of the company’s stock.
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Several equities research analysts have recently issued reports on PCAR shares. BidaskClub raised PACCAR from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Stifel Nicolaus reissued a “buy” rating and issued a $72.00 price target (up previously from $64.00) on shares of PACCAR in a report on Wednesday, July 26th. Citigroup Inc. upped their target price on shares of PACCAR from $74.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. UBS AG restated a “buy” rating and set a $76.00 target price (up previously from $75.00) on shares of PACCAR in a research report on Wednesday, July 26th. Finally, Zacks Investment Research downgraded shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. PACCAR has an average rating of “Hold” and a consensus target price of $75.95.
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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