Investors Sell Shares of PACCAR (PCAR) on Strength (PCAR)

Investors sold shares of PACCAR Inc (NASDAQ:PCAR) on strength during trading hours on Monday. $37.50 million flowed into the stock on the tick-up and $57.99 million flowed out of the stock on the tick-down, for a money net flow of $20.49 million out of the stock. Of all stocks tracked, PACCAR had the 25th highest net out-flow for the day. PACCAR traded up $0.29 for the day and closed at $79.00

PCAR has been the topic of a number of analyst reports. Susquehanna Bancshares initiated coverage on shares of PACCAR in a research note on Wednesday, November 29th. They set a “neutral” rating and a $75.00 price objective on the stock. Wells Fargo & Co dropped their price target on shares of PACCAR from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Wednesday, October 25th. Stifel Nicolaus dropped their price target on shares of PACCAR from $76.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, October 25th. ValuEngine lowered shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Finally, JPMorgan Chase & Co. lowered shares of PACCAR from an “overweight” rating to a “neutral” rating and set a $73.00 price target for the company. in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the stock. PACCAR has a consensus rating of “Hold” and an average price target of $75.58.

The firm has a market capitalization of $27,780.00, a price-to-earnings ratio of 20.26, a P/E/G ratio of 1.64 and a beta of 1.22. The company has a quick ratio of 2.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.75.

The firm also recently disclosed a special dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th were issued a $1.20 dividend. This represents a yield of 1.4%. The ex-dividend date was Wednesday, December 13th. PACCAR’s dividend payout ratio is presently 25.64%.

In other PACCAR news, VP Alma Lily Ley sold 4,024 shares of PACCAR stock in a transaction on 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 owns 24,319 shares of the company’s stock, valued at $1,726,649. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark C. Pigott sold 98,956 shares of PACCAR stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $71.37, for a total transaction 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 approximately $213,068,069.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,598 shares of company stock valued at $7,597,908. 2.64% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Koch Industries Inc. acquired a new position in PACCAR in the second quarter worth $213,000. BlueCrest Capital Management Ltd acquired a new position in PACCAR in the second quarter worth $2,395,000. Shell Asset Management Co. boosted its holdings in PACCAR by 237.7% in the third quarter. Shell Asset Management Co. now owns 74,902 shares of the company’s stock worth $4,260,000 after purchasing an additional 52,722 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of PACCAR by 18.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 59,664 shares of the company’s stock valued at $4,316,000 after acquiring an additional 9,219 shares during the period. Finally, 361 Capital LLC acquired a new position in shares of PACCAR during the third quarter valued at $919,000. 62.16% of the stock is owned by hedge funds and other institutional investors.

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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.

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