PACCAR Inc (NASDAQ:PCAR) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its position in PACCAR Inc (NASDAQ:PCAR) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,789 shares of the company’s stock after selling 172 shares during the period. Public Employees Retirement Association of Colorado’s holdings in PACCAR were worth $4,466,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in PACCAR by 5.7% in the 2nd quarter. BlackRock Inc. now owns 27,314,209 shares of the company’s stock valued at $1,957,337,000 after buying an additional 1,462,333 shares in the last quarter. Nuveen Asset Management LLC grew its position in PACCAR by 228.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,395,941 shares of the company’s stock valued at $100,033,000 after buying an additional 970,913 shares in the last quarter. First Trust Advisors LP grew its position in PACCAR by 140.5% in the 2nd quarter. First Trust Advisors LP now owns 1,169,778 shares of the company’s stock valued at $83,826,000 after buying an additional 683,432 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in PACCAR by 2.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,750,068 shares of the company’s stock valued at $913,670,000 after buying an additional 324,895 shares in the last quarter. Finally, Mengis Capital Management Inc. grew its position in PACCAR by 7,255.7% in the 2nd quarter. Mengis Capital Management Inc. now owns 286,871 shares of the company’s stock valued at $20,557,000 after buying an additional 282,971 shares in the last quarter. 63.34% of the stock is currently owned by institutional investors and hedge funds.

PCAR stock traded down $0.29 during mid-day trading on Wednesday, reaching $79.14. 1,318,900 shares of the stock traded hands, compared to its average volume of 1,820,689. The company has a current ratio of 2.39, a quick ratio of 2.23 and a debt-to-equity ratio of 0.67. PACCAR Inc has a 52-week low of $53.43 and a 52-week high of $80.57. The company has a market cap of $27.69 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.68 and a beta of 1.25. The stock’s fifty day moving average is $72.93 and its 200-day moving average is $69.90.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. PACCAR had a net margin of 9.45% and a return on equity of 26.11%. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $5.97 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts expect that PACCAR Inc will post 6.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, November 8th. PACCAR’s dividend payout ratio is presently 20.51%.

PCAR has been the subject of a number of recent analyst reports. ValuEngine lowered shares of PACCAR from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. reduced their price objective on shares of PACCAR from $70.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. OTR Global lowered shares of PACCAR from a “mixed” rating to a “negative” rating in a research report on Wednesday, October 9th. Wells Fargo & Co raised their price objective on shares of PACCAR from $72.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, October 23rd. Finally, Buckingham Research raised their price objective on shares of PACCAR from $70.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $71.64.

In other PACCAR news, CFO Harrie Schippers sold 7,927 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $77.73, for a total transaction of $616,165.71. Following the completion of the sale, the chief financial officer now directly owns 40,051 shares of the company’s stock, valued at $3,113,164.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary Lee Moore sold 39,695 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $75.81, for a total transaction of $3,009,277.95. Following the completion of the sale, the executive vice president now directly owns 34,553 shares of the company’s stock, valued at $2,619,462.93. The disclosure for this sale can be found here. Insiders have sold 106,949 shares of company stock valued at $8,207,798 over the last ninety days. Insiders own 2.32% of the company’s stock.

PACCAR Company 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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