First Washington CORP boosted its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 34.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 173,866 shares of the company’s stock after purchasing an additional 45,000 shares during the period. PACCAR comprises about 5.7% of First Washington CORP’s investment portfolio, making the stock its 3rd biggest position. First Washington CORP’s holdings in PACCAR were worth $11,482,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Trust N.A. lifted its position in PACCAR by 16.6% during the second quarter. Raymond James Trust N.A. now owns 4,339 shares of the company’s stock valued at $286,000 after purchasing an additional 619 shares in the last quarter. HGK Asset Management Inc. lifted its position in shares of PACCAR by 8.9% in the second quarter. HGK Asset Management Inc. now owns 3,652 shares of the company’s stock valued at $241,000 after acquiring an additional 300 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of PACCAR by 179.7% in the second quarter. Riverhead Capital Management LLC now owns 23,289 shares of the company’s stock valued at $1,538,000 after acquiring an additional 14,964 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of PACCAR by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 90,183 shares of the company’s stock valued at $5,956,000 after acquiring an additional 6,124 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its position in shares of PACCAR by 16.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 102,637 shares of the company’s stock valued at $6,779,000 after acquiring an additional 14,662 shares in the last quarter. Institutional investors own 62.69% of the company’s stock.
In other news, insider T. Kyle Quinn sold 2,786 shares of PACCAR stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total transaction of $189,141.54. Following the sale, the insider now owns 20,800 shares of the company’s stock, valued at approximately $1,412,112. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.64% of the stock is currently owned by insiders.
Shares of PACCAR Inc. (NASDAQ:PCAR) traded up 1.499% during midday trading on Tuesday, reaching $68.715. The company’s stock had a trading volume of 382,748 shares. The company has a 50 day moving average price of $66.13 and a 200-day moving average price of $66.04. The stock has a market capitalization of $24.14 billion, a PE ratio of 18.393 and a beta of 1.15. PACCAR Inc. has a 52 week low of $53.38 and a 52 week high of $70.32.
PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, July 25th. The company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the company posted $1.06 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts expect that PACCAR Inc. will post $4.00 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Monday, August 14th. PACCAR’s dividend payout ratio (DPR) is 26.74%.
Several equities analysts have recently commented on the company. Zacks Investment Research downgraded PACCAR from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine upgraded PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Stifel Nicolaus restated a “hold” rating and issued a $72.00 price objective on shares of PACCAR in a research report on Tuesday, September 5th. Buckingham Research assumed coverage on PACCAR in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $65.00 price objective on the stock. Finally, Royal Bank Of Canada restated a “buy” rating on shares of PACCAR in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.74.
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.
Receive News & Ratings for PACCAR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.