Swiss National Bank grew its position in PACCAR Inc. (NASDAQ:PCAR) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,293,605 shares of the company’s stock after purchasing an additional 11,400 shares during the quarter. Swiss National Bank owned approximately 368,149.87% of PACCAR worth $93,579,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in PACCAR by 91.1% during the second 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 increased its position in PACCAR by 18.8% during the second 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 increased its position in PACCAR by 29.9% during the second 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. Sun Life Financial INC increased its position in PACCAR by 19,884.6% during the second 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. Finally, Institute for Wealth Management LLC. bought a new position in PACCAR during the second quarter worth $201,000. 62.37% of the stock is currently owned by institutional investors.
In other PACCAR news, VP C Michael Dozier sold 3,618 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $69.02, for a total transaction of $249,714.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the insider now owns 2,985,401 shares in the company, valued at approximately $213,068,069.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,598 shares of company stock worth $7,597,908. 2.64% of the stock is owned by company insiders.
PCAR has been the topic of a number of research reports. Zacks Investment Research raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, August 22nd. BidaskClub upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. UBS AG reiterated a “buy” rating and set a $76.00 price target (up previously from $75.00) on shares of PACCAR in a research note on Wednesday, July 26th. Citigroup Inc. lifted their price target on shares of PACCAR from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $72.00 price target (up previously from $64.00) on shares of PACCAR 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. The company presently has an average rating of “Hold” and an average price target of $75.95.
PACCAR Inc. (NASDAQ PCAR) traded down $3.01 during trading hours on Monday, reaching $66.69. The company’s stock had a trading volume of 5,375,400 shares, compared to its average volume of 1,908,590. PACCAR Inc. has a 52-week low of $58.78 and a 52-week high of $75.68. The company has a current ratio of 2.56, a quick ratio of 2.40 and a debt-to-equity ratio of 0.75. The firm has a market cap of $23,730.00, a P/E ratio of 17.10, a P/E/G ratio of 1.60 and a beta of 1.24.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 EPS 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 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 prior year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. research analysts forecast that PACCAR Inc. will post 4.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, November 13th. PACCAR’s dividend payout ratio (DPR) is presently 25.64%.
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.
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