PACCAR Inc. (PCAR) Holdings Held by Hall Laurie J Trustee
Hall Laurie J Trustee maintained its position in shares of PACCAR Inc. (NASDAQ:PCAR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,914 shares of the company’s stock at the end of the 2nd quarter. Hall Laurie J Trustee’s holdings in PACCAR were worth $589,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in PACCAR by 6.6% in the 2nd quarter. BlackRock Inc. now owns 25,508,314 shares of the company’s stock valued at $1,684,572,000 after buying an additional 1,572,038 shares during the period. Vanguard Group Inc. boosted its position in PACCAR by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 24,555,355 shares of the company’s stock valued at $1,621,636,000 after buying an additional 1,164,896 shares during the period. State Street Corp boosted its position in PACCAR by 0.9% in the 1st quarter. State Street Corp now owns 15,141,782 shares of the company’s stock valued at $1,017,524,000 after buying an additional 135,416 shares during the period. Bank of New York Mellon Corp boosted its position in PACCAR by 10.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,071,129 shares of the company’s stock valued at $400,938,000 after buying an additional 580,223 shares during the period. Finally, Waddell & Reed Financial Inc. boosted its position in PACCAR by 14.5% in the 1st quarter. Waddell & Reed Financial Inc. now owns 4,299,956 shares of the company’s stock valued at $288,957,000 after buying an additional 544,958 shares during the period. 62.13% of the stock is owned by institutional investors.
In other news, insider T. Kyle Quinn sold 2,786 shares of the business’s 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 completion of the sale, the insider now owns 20,800 shares in the company, valued at approximately $1,412,112. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.64% of the stock is currently owned by insiders.
PCAR has been the subject of several research reports. Zacks Investment Research raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, September 5th. BidaskClub raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co raised shares of PACCAR from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $83.00 in a research report on Wednesday, October 4th. Robert W. Baird reissued a “hold” rating and issued a $67.00 price objective on shares of PACCAR in a research report on Friday, September 1st. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $78.00 price objective (up from $75.00) on shares of PACCAR in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. PACCAR presently has an average rating of “Hold” and an average target price of $75.42.
Shares of PACCAR Inc. (PCAR) traded down 0.33% on Friday, reaching $72.69. 2,620,739 shares of the company’s stock were exchanged. The firm has a market capitalization of $25.54 billion, a P/E ratio of 19.46 and a beta of 1.18. The firm has a 50 day moving average of $70.23 and a 200 day moving average of $66.78. PACCAR Inc. has a one year low of $53.38 and a one year high of $74.79.
PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.07. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.29 billion. PACCAR had a net margin of 7.77% and a return on equity of 18.61%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. On average, equities research analysts predict that PACCAR Inc. will post $4.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. PACCAR’s dividend payout ratio is presently 26.74%.
PACCAR Company Profile
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.
Want to see what other hedge funds are holding PCAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PACCAR Inc. (NASDAQ:PCAR).
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.