Dudley & Shanley LLC Decreases Stake in Paccar Inc. (PCAR)

Dudley & Shanley LLC reduced its position in shares of Paccar Inc. (NASDAQ:PCAR) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 425,320 shares of the company’s stock after selling 4,000 shares during the period. Paccar accounts for 5.0% of Dudley & Shanley LLC’s holdings, making the stock its 10th largest position. Dudley & Shanley LLC’s holdings in Paccar were worth $22,061,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in Paccar by 0.8% in the second quarter. LS Investment Advisors LLC now owns 16,058 shares of the company’s stock worth $833,000 after buying an additional 132 shares during the period. Ken Stern & Associates Inc. raised its position in Paccar by 2.2% in the second quarter. Ken Stern & Associates Inc. now owns 6,188 shares of the company’s stock worth $321,000 after buying an additional 132 shares during the period. Boston Advisors LLC raised its position in Paccar by 3.0% in the second quarter. Boston Advisors LLC now owns 7,575 shares of the company’s stock worth $393,000 after buying an additional 220 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in Paccar by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 27,646 shares of the company’s stock worth $1,433,000 after buying an additional 279 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Paccar by 4.2% in the second quarter. Daiwa Securities Group Inc. now owns 8,587 shares of the company’s stock worth $445,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 62.25% of the company’s stock.

Institutional Ownership by Quarter for Paccar (NASDAQ:PCAR)

Shares of Paccar Inc. (NASDAQ:PCAR) traded up 0.2070% on Monday, reaching $56.9376. The company’s stock had a trading volume of 521,442 shares. The firm has a market cap of $19.96 billion, a price-to-earnings ratio of 30.2217 and a beta of 1.51. Paccar Inc. has a 1-year low of $43.46 and a 1-year high of $60.86. The company’s 50 day moving average is $58.09 and its 200-day moving average is $56.25.

Paccar (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. Paccar had a return on equity of 21.92% and a net margin of 3.71%. The company earned $4.12 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. Equities research analysts expect that Paccar Inc. will post $3.98 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.96 annualized dividend and a dividend yield of 1.69%. Paccar’s dividend payout ratio (DPR) is currently 51.34%.

A number of equities analysts recently weighed in on the company. Robert W. Baird reiterated a “buy” rating on shares of Paccar in a research report on Tuesday, June 28th. Deutsche Bank AG began coverage on Paccar in a research report on Tuesday, September 6th. They set a “hold” rating and a $63.00 price objective for the company. BMO Capital Markets restated a “hold” rating and set a $57.00 price objective on shares of Paccar in a research report on Friday, July 29th. Zacks Investment Research upgraded Paccar from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Barclays PLC set a $47.00 price objective on Paccar and gave the stock a “sell” rating in a research report on Wednesday, July 27th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $56.33.

About Paccar

PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.

5 Day Chart for NASDAQ:PCAR

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