Cambridge Investment Research Advisors Inc. Raises Position in PACCAR Inc. (PCAR)

Cambridge Investment Research Advisors Inc. increased its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 19.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,764 shares of the company’s stock after buying an additional 1,256 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PACCAR were worth $522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Janus Capital Management LLC increased its position in PACCAR by 548.2% in the fourth quarter. Janus Capital Management LLC now owns 273,026 shares of the company’s stock worth $17,446,000 after buying an additional 230,903 shares in the last quarter. GSA Capital Partners LLP increased its position in PACCAR by 51.6% in the fourth quarter. GSA Capital Partners LLP now owns 5,968 shares of the company’s stock worth $381,000 after buying an additional 2,032 shares in the last quarter. Intact Investment Management Inc. increased its position in PACCAR by 48.1% in the fourth quarter. Intact Investment Management Inc. now owns 106,600 shares of the company’s stock worth $6,812,000 after buying an additional 34,600 shares in the last quarter. Envestnet Asset Management Inc. increased its position in PACCAR by 33.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,755 shares of the company’s stock worth $239,000 after buying an additional 934 shares in the last quarter. Finally, Menta Capital LLC increased its position in PACCAR by 51.1% in the fourth quarter. Menta Capital LLC now owns 16,550 shares of the company’s stock worth $1,058,000 after buying an additional 5,600 shares in the last quarter. Hedge funds and other institutional investors own 61.75% of the company’s stock.

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

Shares of PACCAR Inc. (NASDAQ:PCAR) traded down 1.44% on Tuesday, hitting $64.25. The stock had a trading volume of 476,279 shares. The company has a 50-day moving average of $64.31 and a 200 day moving average of $66.25. The company has a market capitalization of $22.57 billion, a price-to-earnings ratio of 15.88 and a beta of 1.14. PACCAR Inc. has a 52 week low of $48.17 and a 52 week high of $70.12.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, April 25th. The company reported $0.88 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.88. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $3.85 billion. PACCAR had a return on equity of 19.13% and a net margin of 8.56%. PACCAR’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. On average, equities research analysts predict that PACCAR Inc. will post $3.69 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Friday, May 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from PACCAR’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Wednesday, May 17th. PACCAR’s dividend payout ratio (DPR) is presently 24.69%.

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A number of research firms have weighed in on PCAR. Jefferies Group LLC restated a “buy” rating and issued a $77.00 price target on shares of PACCAR in a research note on Friday, March 17th. Royal Bank Of Canada restated a “buy” rating and issued a $75.00 price target on shares of PACCAR in a research note on Wednesday, March 22nd. Seaport Global Securities restated a “buy” rating and issued a $80.00 price target on shares of PACCAR in a research note on Thursday, April 6th. Deutsche Bank AG raised their price target on PACCAR from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Thursday, April 6th. Finally, Bank of America Corporation downgraded PACCAR from a “buy” rating to a “neutral” rating and decreased their price target for the company from $78.00 to $70.00 in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.19.

In related news, VP Alma Lily Ley sold 904 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $67.39, for a total transaction of $60,920.56. Following the completion of the sale, the vice president now directly owns 1,679 shares of the company’s stock, valued at $113,147.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.64% of the company’s stock.

About PACCAR

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PCAR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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