Nwam LLC raised its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,814 shares of the company’s stock after buying an additional 355 shares during the period. Nwam LLC’s holdings in PACCAR were worth $1,870,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in PACCAR by 1.3% in the third quarter. State of Alaska Department of Revenue now owns 28,030 shares of the company’s stock valued at $1,647,000 after buying an additional 350 shares during the last quarter. Conning Inc. boosted its stake in PACCAR by 0.8% in the third quarter. Conning Inc. now owns 10,701 shares of the company’s stock valued at $629,000 after buying an additional 90 shares during the last quarter. Boston Advisors LLC boosted its stake in PACCAR by 5.9% in the third quarter. Boston Advisors LLC now owns 8,025 shares of the company’s stock valued at $472,000 after buying an additional 450 shares during the last quarter. Regentatlantic Capital LLC purchased a new stake in PACCAR during the third quarter valued at approximately $202,000. Finally, Heritage Investors Management Corp boosted its stake in PACCAR by 0.5% in the third quarter. Heritage Investors Management Corp now owns 290,248 shares of the company’s stock valued at $17,061,000 after buying an additional 1,528 shares during the last quarter. Institutional investors and hedge funds own 60.20% of the company’s stock.
Shares of PACCAR Inc. (NASDAQ:PCAR) traded down 0.73% on Friday, reaching $63.90. The company’s stock had a trading volume of 2,123,223 shares. PACCAR Inc. has a 52-week low of $43.46 and a 52-week high of $68.50. The stock has a market cap of $22.40 billion, a P/E ratio of 38.89 and a beta of 1.34. The firm’s 50 day moving average is $63.65 and its 200-day moving average is $58.25.
PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, October 25th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.08 billion. PACCAR had a net margin of 3.41% and a return on equity of 20.96%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 EPS. On average, equities research analysts forecast that PACCAR Inc. will post $3.90 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. Investors of record on Tuesday, February 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.50%. PACCAR’s payout ratio is 58.54%.
PCAR has been the topic of several research reports. Jefferies Group boosted their target price on PACCAR from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, September 1st. Deutsche Bank AG initiated coverage on PACCAR in a research note on Tuesday, September 6th. They issued a “hold” rating and a $63.00 target price on the stock. initiated coverage on PACCAR in a research note on Friday, September 30th. They issued an “outperform” rating and a $65.00 target price on the stock. Zacks Investment Research cut PACCAR from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Finally, Barclays PLC boosted their target price on PACCAR from $47.00 to $50.00 and gave the company an “underweight” rating in a research note on Wednesday, October 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. PACCAR currently has a consensus rating of “Hold” and a consensus target price of $57.43.
In other PACCAR news, insider T. Kyle Quinn sold 3,024 shares of the business’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $54.80, for a total value of $165,715.20. Following the sale, the insider now directly owns 16,672 shares in the company, valued at $913,625.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP C Michael Dozier sold 4,032 shares of the business’s stock in a transaction 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 sale, the vice president now owns 4,032 shares in the company, valued at $224,421.12. The disclosure for this sale can be found here. Corporate insiders own 2.62% of the company’s stock.
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.