Whittier Trust Co. grew its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 139.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,028 shares of the company’s stock after acquiring an additional 2,346 shares during the period. Whittier Trust Co.’s holdings in PACCAR were worth $291,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of PACCAR by 91.1% during the 2nd quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock worth $123,000 after acquiring an additional 890 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co grew its holdings in shares of PACCAR by 18.8% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock worth $125,000 after acquiring an additional 300 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of PACCAR by 29.9% during the 2nd 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 period. Perkins Coie Trust Co grew its holdings in shares of PACCAR by 102.8% during the 2nd quarter. Perkins Coie Trust Co now owns 2,282 shares of the company’s stock worth $151,000 after acquiring an additional 1,157 shares during the period. Finally, Sun Life Financial INC grew its holdings in shares of PACCAR by 19,884.6% during the 2nd quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock worth $172,000 after acquiring an additional 2,585 shares during the period. Hedge funds and other institutional investors own 62.38% of the company’s stock.
A number of research analysts have weighed in on the company. Wells Fargo & Company upped their target price on PACCAR from $74.00 to $77.00 and gave the stock a “market perform” rating in a report on Friday, October 6th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 target price on shares of PACCAR in a report on Friday, October 20th. J P Morgan Chase & Co upgraded PACCAR from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $70.00 to $83.00 in a research note on Wednesday, October 4th. Deutsche Bank AG restated a “hold” rating and issued a $78.00 price target (up previously from $75.00) on shares of PACCAR in a research note on Monday, October 9th. Finally, ValuEngine downgraded PACCAR from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $75.95.
In related news, VP Alma Lily Ley sold 4,024 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 24,319 shares of the company’s stock, valued at approximately $1,726,649. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark C. Pigott sold 98,956 shares of the stock in a transaction on 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 sale, the insider now owns 2,985,401 shares of the company’s stock, valued at approximately $213,068,069.37. The disclosure for this sale can be found here. 2.64% of the stock is currently owned by company insiders.
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PACCAR Inc. (NASDAQ:PCAR) traded up $0.17 during midday trading on Friday, hitting $69.59. The stock had a trading volume of 1,007,900 shares, compared to its average volume of 1,900,463. The company has a market cap of $24,408.78, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.66 and a beta of 1.24. 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 Inc. has a 12-month low of $58.38 and a 12-month high of $75.68.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the firm earned $0.98 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. analysts expect that PACCAR Inc. will post 4.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. PACCAR’s dividend payout ratio is currently 25.64%.
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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