Cubist Systematic Strategies LLC Has $357,000 Position in PACCAR Inc. (PCAR)

Cubist Systematic Strategies LLC decreased its holdings in PACCAR Inc. (NASDAQ:PCAR) by 71.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,400 shares of the company’s stock after selling 13,839 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in PACCAR were worth $357,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Davis Selected Advisers boosted its position in shares of PACCAR by 0.4% in the 2nd quarter. Davis Selected Advisers now owns 3,144 shares of the company’s stock valued at $208,000 after purchasing an additional 12 shares during the period. Conning Inc. lifted its stake in PACCAR by 0.4% in the 2nd quarter. Conning Inc. now owns 10,691 shares of the company’s stock worth $706,000 after acquiring an additional 39 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in PACCAR by 1.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,742 shares of the company’s stock worth $247,000 after acquiring an additional 46 shares in the last quarter. Atlantic Trust Group LLC lifted its stake in PACCAR by 0.6% in the 2nd quarter. Atlantic Trust Group LLC now owns 12,279 shares of the company’s stock worth $810,000 after acquiring an additional 68 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in PACCAR by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,098 shares of the company’s stock worth $1,724,000 after acquiring an additional 69 shares in the last quarter. 62.38% of the stock is owned by institutional investors.

In other PACCAR news, insider Mark C. Pigott sold 98,956 shares of the business’s 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 directly owns 2,985,401 shares of the company’s stock, valued at $213,068,069.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Alma Lily Ley sold 4,024 shares of the business’s 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 $1,726,649. The disclosure for this sale can be found here. 2.64% of the stock is owned by insiders.

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Shares of PACCAR Inc. (NASDAQ PCAR) opened at $69.59 on Friday. The firm has a market capitalization of $24,408.78, a price-to-earnings ratio of 17.80, a PEG 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 quick ratio of 0.97 and a current ratio of 2.56.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. research analysts forecast that PACCAR Inc. will post 4.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors 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 dividend on an annualized basis and a dividend yield of 1.44%. PACCAR’s dividend payout ratio (DPR) is presently 25.64%.

PCAR has been the subject of several research analyst reports. Zacks Investment Research raised PACCAR from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday, September 5th. Buckingham Research initiated coverage on PACCAR in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $65.00 price objective for the company. ValuEngine raised PACCAR from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Royal Bank of Canada reaffirmed a “buy” rating on shares of PACCAR in a research note on Friday, September 1st. Finally, Citigroup Inc. raised their price target on PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. 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. PACCAR currently has an average rating of “Hold” and a consensus price target of $75.95.

About PACCAR

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.

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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