QV Investors Inc. Acquires 330 Shares of PACCAR Inc. $PCAR

QV Investors Inc. raised its holdings in PACCAR Inc. (NASDAQ:PCAR) by 0.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 49,020 shares of the company’s stock after buying an additional 330 shares during the period. QV Investors Inc.’s holdings in PACCAR were worth $4,660,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PCAR. Brighton Jones LLC grew its position in PACCAR by 0.3% in the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after acquiring an additional 290 shares during the last quarter. GAMMA Investing LLC grew its position in PACCAR by 11.1% in the 1st quarter. GAMMA Investing LLC now owns 9,028 shares of the company’s stock valued at $879,000 after acquiring an additional 901 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in PACCAR by 62.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 36,289 shares of the company’s stock valued at $3,533,000 after acquiring an additional 13,904 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of PACCAR by 21.0% during the 1st quarter. International Assets Investment Management LLC now owns 3,500 shares of the company’s stock worth $341,000 after buying an additional 608 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its position in shares of PACCAR by 147.4% during the 1st quarter. Golden State Wealth Management LLC now owns 871 shares of the company’s stock worth $85,000 after buying an additional 519 shares in the last quarter. Institutional investors own 64.90% of the company’s stock.

Insider Activity

In other news, CEO R Preston Feight sold 39,965 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.52, for a total transaction of $3,977,316.80. Following the transaction, the chief executive officer owned 223,190 shares in the company, valued at $22,211,868.80. This represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.02% of the stock is currently owned by company insiders.

PACCAR Stock Performance

PCAR stock opened at $100.13 on Friday. The firm has a market cap of $52.58 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 4.15 and a beta of 0.94. The firm has a 50-day simple moving average of $98.52 and a two-hundred day simple moving average of $95.77. PACCAR Inc. has a one year low of $84.65 and a one year high of $118.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.80 and a current ratio of 1.82.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.23 billion. During the same period in the previous year, the company posted $1.85 earnings per share. The business’s quarterly revenue was down 20.7% compared to the same quarter last year. On average, equities analysts forecast that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, November 12th. This represents a $1.32 annualized dividend and a dividend yield of 1.3%. PACCAR’s dividend payout ratio is 25.83%.

Analysts Set New Price Targets

PCAR has been the topic of a number of recent research reports. Raymond James Financial reissued a “market perform” rating on shares of PACCAR in a research report on Tuesday. Argus raised PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Monday, July 28th. Jefferies Financial Group reissued a “hold” rating and set a $90.00 price target on shares of PACCAR in a research report on Tuesday. Weiss Ratings downgraded PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. Finally, Evercore ISI set a $114.00 price target on PACCAR and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PACCAR has an average rating of “Hold” and a consensus target price of $106.59.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.