PACCAR Inc (PCAR) Holdings Boosted by Twin Tree Management LP

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Twin Tree Management LP raised its position in PACCAR Inc (NASDAQ:PCAR) by 214.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,142 shares of the company’s stock after purchasing an additional 86,055 shares during the quarter. Twin Tree Management LP’s holdings in PACCAR were worth $8,595,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PCAR. Cable Hill Partners LLC purchased a new stake in PACCAR during the 1st quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in PACCAR during the 1st quarter worth approximately $42,000. Berman Capital Advisors LLC purchased a new stake in PACCAR during the 4th quarter worth approximately $43,000. Lindbrook Capital LLC purchased a new stake in PACCAR during the 4th quarter worth approximately $47,000. Finally, Quadrant Capital Group LLC increased its stake in PACCAR by 45.6% during the 1st quarter. Quadrant Capital Group LLC now owns 913 shares of the company’s stock worth $56,000 after buying an additional 286 shares during the period. Institutional investors own 63.36% of the company’s stock.

Shares of NASDAQ:PCAR traded up $0.48 during trading hours on Thursday, reaching $67.99. The stock had a trading volume of 24,245 shares, compared to its average volume of 1,650,518. PACCAR Inc has a 1 year low of $53.43 and a 1 year high of $73.00. The company has a current ratio of 2.49, a quick ratio of 2.32 and a debt-to-equity ratio of 0.74. The company has a market cap of $23.25 billion, a PE ratio of 10.88, a P/E/G ratio of 1.19 and a beta of 1.24.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.81 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.16. PACCAR had a net margin of 9.50% and a return on equity of 25.94%. The company had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period in the prior year, the firm posted $1.45 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities research analysts expect that PACCAR Inc will post 6.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Monday, May 13th. PACCAR’s dividend payout ratio is presently 20.51%.

PCAR has been the topic of several recent research reports. Zacks Investment Research raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research note on Friday, May 10th. BidaskClub downgraded shares of PACCAR from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets upped their target price on shares of PACCAR to $70.00 and gave the stock a “market perform” rating in a research note on Friday, May 17th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $66.24.

In related news, insider Darrin C. Siver sold 5,067 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $70.10, for a total value of $355,196.70. Following the transaction, the insider now directly owns 23,193 shares of the company’s stock, valued at approximately $1,625,829.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP David J. Danforth sold 4,315 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $70.69, for a total transaction of $305,027.35. Following the completion of the transaction, the vice president now directly owns 7,286 shares in the company, valued at $515,047.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,301 shares of company stock worth $1,554,065. Insiders own 2.32% of the company’s stock.

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PACCAR Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used 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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