Gulf International Bank UK Ltd Has $7.10 Million Position in PACCAR Inc. (PCAR)

Gulf International Bank UK Ltd raised its stake in PACCAR Inc. (NASDAQ:PCAR) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 107,457 shares of the company’s stock after buying an additional 200 shares during the period. Gulf International Bank UK Ltd’s holdings in PACCAR were worth $7,096,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Longer Investments Inc. bought a new position in PACCAR during the second quarter valued at approximately $1,662,000. Exane Asset Management raised its position in PACCAR by 32.8% in the second quarter. Exane Asset Management now owns 72,293 shares of the company’s stock valued at $4,774,000 after buying an additional 17,861 shares in the last quarter. Aperio Group LLC raised its position in PACCAR by 4.3% in the second quarter. Aperio Group LLC now owns 192,384 shares of the company’s stock valued at $12,705,000 after buying an additional 7,953 shares in the last quarter. Louisiana State Employees Retirement System raised its position in PACCAR by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the company’s stock valued at $1,440,000 after buying an additional 200 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in PACCAR by 0.8% in the second quarter. LS Investment Advisors LLC now owns 15,037 shares of the company’s stock valued at $993,000 after buying an additional 120 shares in the last quarter. 61.39% of the stock is currently owned by institutional investors.

Shares of PACCAR Inc. (NASDAQ:PCAR) traded up 0.09% during trading on Wednesday, hitting $67.10. The stock had a trading volume of 760,367 shares. The stock’s 50-day moving average price is $66.57 and its 200-day moving average price is $66.49. PACCAR Inc. has a one year low of $53.38 and a one year high of $70.32. The company has a market cap of $23.57 billion, a P/E ratio of 17.96 and a beta of 1.14.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, July 25th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.99 by $0.07. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.29 billion. PACCAR had a return on equity of 18.61% and a net margin of 7.77%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $1.06 EPS. On average, equities research analysts forecast that PACCAR Inc. will post $3.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. PACCAR’s payout ratio is currently 26.74%.

ILLEGAL ACTIVITY NOTICE: This report was first published by [[site]] and is owned by of [[site]]. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at [[permalink]].

PCAR has been the topic of several analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price target on shares of PACCAR in a report on Thursday, April 20th. Piper Jaffray Companies lowered PACCAR from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $72.00 to $66.00 in a report on Tuesday, April 18th. Credit Suisse Group set a $68.00 price target on PACCAR and gave the stock a “hold” rating in a report on Wednesday, April 12th. Seaport Global Securities reiterated a “buy” rating and set a $80.00 price target on shares of PACCAR in a report on Thursday, April 6th. Finally, Deutsche Bank AG lifted their price target on PACCAR from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Thursday, April 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $72.00.

PACCAR Company Profile

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.