PACCAR Inc (NASDAQ:PCAR) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lowered its stake in PACCAR Inc (NASDAQ:PCARFree Report) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,574 shares of the company’s stock after selling 133 shares during the period. KCM Investment Advisors LLC’s holdings in PACCAR were worth $1,239,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Merit Financial Group LLC acquired a new position in shares of PACCAR in the second quarter valued at approximately $353,000. Massachusetts Financial Services Co. MA grew its holdings in PACCAR by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,587,576 shares of the company’s stock worth $730,116,000 after acquiring an additional 23,865 shares during the period. Leuthold Group LLC grew its holdings in PACCAR by 24.9% during the third quarter. Leuthold Group LLC now owns 44,497 shares of the company’s stock worth $3,783,000 after acquiring an additional 8,864 shares during the period. Private Advisor Group LLC grew its holdings in PACCAR by 15.0% during the third quarter. Private Advisor Group LLC now owns 18,209 shares of the company’s stock worth $1,548,000 after acquiring an additional 2,371 shares during the period. Finally, Kentucky Retirement Systems acquired a new position in PACCAR during the third quarter worth $3,464,000. Institutional investors and hedge funds own 65.68% of the company’s stock.

PACCAR Trading Down 0.1 %

PACCAR stock traded down $0.12 during trading on Thursday, hitting $104.94. The company’s stock had a trading volume of 146,104 shares, compared to its average volume of 2,342,158. The stock has a market capitalization of $54.89 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.67 and a beta of 0.90. The stock’s fifty day moving average is $97.29 and its 200 day moving average is $89.77. PACCAR Inc has a 1-year low of $67.48 and a 1-year high of $105.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.20 and a current ratio of 1.49.

PACCAR (NASDAQ:PCARGet Free Report) last released its earnings results on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.25 by $0.45. The firm had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.48 billion. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 earnings per share. As a group, equities research analysts predict that PACCAR Inc will post 7.96 EPS for the current year.

PACCAR Increases Dividend

The company also recently declared a Special dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 15th were paid a dividend of $3.20 per share. The ex-dividend date of this dividend was Thursday, December 14th. This is a positive change from PACCAR’s previous Special dividend of $0.89. PACCAR’s dividend payout ratio is currently 12.31%.

Insiders Place Their Bets

In other PACCAR news, CFO Harrie Schippers sold 5,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $102.27, for a total transaction of $511,350.00. Following the completion of the sale, the chief financial officer now directly owns 103,547 shares in the company, valued at $10,589,751.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PACCAR news, Chairman Mark C. Pigott sold 74,347 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $101.93, for a total transaction of $7,578,189.71. Following the completion of the sale, the chairman now directly owns 4,843,277 shares in the company, valued at $493,675,224.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Harrie Schippers sold 5,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $102.27, for a total value of $511,350.00. Following the sale, the chief financial officer now owns 103,547 shares of the company’s stock, valued at $10,589,751.69. The disclosure for this sale can be found here. Insiders sold 118,699 shares of company stock worth $12,143,407 over the last three months. 2.06% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised PACCAR from a “hold” rating to a “buy” rating and upped their price objective for the stock from $94.00 to $115.00 in a report on Wednesday, October 25th. Bank of America raised PACCAR from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $84.00 to $97.00 in a report on Friday, January 19th. JPMorgan Chase & Co. upped their price objective on PACCAR from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. TD Cowen upped their price objective on PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. Finally, Citigroup boosted their target price on PACCAR from $90.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.32.

Check Out Our Latest Stock Report on PACCAR

About PACCAR

(Free Report)

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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