PACCAR Inc (PCAR) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 23.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 794,949 shares of the company’s stock after selling 249,348 shares during the period. Bank of Montreal Can owned approximately 0.23% of PACCAR worth $56,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Koch Industries Inc. bought a new position in shares of PACCAR during the 2nd quarter valued at about $213,000. BlueCrest Capital Management Ltd acquired a new position in shares of PACCAR in the second quarter worth about $2,395,000. Shell Asset Management Co. boosted its holdings in shares of 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 buying 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% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 59,664 shares of the company’s stock worth $4,316,000 after buying an additional 9,219 shares during the period. Finally, 361 Capital LLC acquired a new position in shares of PACCAR in the third quarter worth about $919,000. Institutional investors own 62.37% of the company’s stock.

In other news, VP C Michael Dozier sold 3,618 shares of PACCAR stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $69.02, for a total value of $249,714.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.64% of the company’s stock.

Several brokerages have commented on PCAR. Stifel Nicolaus reiterated a “hold” rating and issued a $77.00 target price on shares of PACCAR in a report on Tuesday, January 30th. Buckingham Research raised their target price on shares of PACCAR from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Credit Suisse Group decreased their target price on shares of PACCAR from $75.00 to $74.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “strong-buy” rating and set a $86.00 price target for the company in a report on Friday, February 2nd. Finally, Wells Fargo & Co decreased their price target on shares of PACCAR from $77.00 to $75.00 and set a “market perform” rating for the company in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.58.

Shares of PACCAR Inc (NASDAQ PCAR) traded up $0.52 on Friday, reaching $67.50. 2,039,530 shares of the company traded hands, compared to its average volume of 2,450,000. The company has a market capitalization of $23,730.00, a price-to-earnings ratio of 14.21, a PEG ratio of 1.29 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 1.08. PACCAR Inc has a 52-week low of $61.93 and a 52-week high of $79.69.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. research analysts expect that PACCAR Inc will post 5.24 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Monday, February 12th. PACCAR’s dividend payout ratio is 21.05%.

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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.

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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