Mutual of America Capital Management LLC boosted its stake in shares of Paccar Inc. (NASDAQ:PCAR) by 2.6% during the third quarter, Holdings Channel reports. The firm owned 41,833 shares of the company’s stock after buying an additional 1,049 shares during the period. Mutual of America Capital Management LLC’s holdings in Paccar were worth $2,459,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. Boston Advisors LLC increased its position in Paccar by 3.0% in the second quarter. Boston Advisors LLC now owns 7,575 shares of the company’s stock worth $393,000 after buying an additional 220 shares in the last quarter. Everence Capital Management Inc. increased its position in Paccar by 69.6% in the second quarter. Everence Capital Management Inc. now owns 6,216 shares of the company’s stock worth $322,000 after buying an additional 2,550 shares in the last quarter. Aviva PLC increased its position in Paccar by 17.5% in the second quarter. Aviva PLC now owns 211,468 shares of the company’s stock worth $10,969,000 after buying an additional 31,451 shares in the last quarter. BlackRock Fund Advisors increased its position in Paccar by 4.4% in the second quarter. BlackRock Fund Advisors now owns 9,130,432 shares of the company’s stock worth $473,596,000 after buying an additional 381,482 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Paccar by 3.0% in the second quarter. Principal Financial Group Inc. now owns 538,953 shares of the company’s stock worth $27,955,000 after buying an additional 15,456 shares in the last quarter. Hedge funds and other institutional investors own 60.60% of the company’s stock.
Paccar Inc. (NASDAQ:PCAR) opened at 62.00 on Friday. Paccar Inc. has a 12 month low of $43.46 and a 12 month high of $62.22. The stock has a market cap of $21.73 billion, a PE ratio of 37.74 and a beta of 1.30. The company has a 50-day moving average of $57.53 and a 200-day moving average of $56.63.
Paccar (NASDAQ:PCAR) last announced its earnings results on Tuesday, October 25th. The company reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.01. Paccar had a net margin of 3.41% and a return on equity of 20.96%. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the company posted $1.21 earnings per share. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. On average, equities analysts forecast that Paccar Inc. will post $3.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be given a $0.24 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.55%. Paccar’s payout ratio is currently 58.54%.
A number of research firms have recently weighed in on PCAR. TheStreet downgraded shares of Paccar from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Deutsche Bank AG reduced their target price on shares of Paccar from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, October 26th. Zacks Investment Research raised shares of Paccar from a “sell” rating to a “hold” rating in a report on Thursday, October 13th. Barclays PLC raised their price objective on shares of Paccar from $47.00 to $50.00 and gave the stock an “underweight” rating in a report on Wednesday, October 12th. Finally, initiated coverage on shares of Paccar in a report on Friday, September 30th. They issued an “outperform” rating and a $65.00 price objective for the company. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Paccar has a consensus rating of “Hold” and a consensus price target of $56.13.
In other Paccar news, VP C Michael Dozier sold 4,032 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $55.66, for a total value of $224,421.12. Following the completion of the transaction, the vice president now directly owns 4,032 shares in the company, valued at $224,421.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark C. Pigott sold 112,266 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $55.47, for a total transaction of $6,227,395.02. Following the completion of the transaction, the insider now owns 2,998,711 shares of the company’s stock, valued at $166,338,499.17. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by company insiders.
PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.