Bristol John W & Co. Inc. NY decreased its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,016,638 shares of the company’s stock after selling 45,862 shares during the period. Bristol John W & Co. Inc. NY owned about 0.29% of PACCAR worth $68,318,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in PCAR. Regentatlantic Capital LLC acquired a new stake in shares of PACCAR during the third quarter worth $202,000. Boston Advisors LLC raised its stake in shares of PACCAR by 5.9% in the third quarter. Boston Advisors LLC now owns 8,025 shares of the company’s stock worth $472,000 after buying an additional 450 shares during the last quarter. Conning Inc. raised its stake in shares of PACCAR by 0.8% in the third quarter. Conning Inc. now owns 10,701 shares of the company’s stock worth $629,000 after buying an additional 90 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of PACCAR by 1.3% in the third quarter. State of Alaska Department of Revenue now owns 28,030 shares of the company’s stock worth $1,647,000 after buying an additional 350 shares during the last quarter. Finally, Nwam LLC raised its stake in shares of PACCAR by 1.1% in the third quarter. Nwam LLC now owns 31,814 shares of the company’s stock worth $1,870,000 after buying an additional 355 shares during the last quarter. Institutional investors and hedge funds own 60.60% of the company’s stock.
Shares of PACCAR Inc (NASDAQ:PCAR) traded up 0.23% during mid-day trading on Monday, hitting $64.78. 212,512 shares of the stock were exchanged. The firm has a market cap of $22.73 billion, a P/E ratio of 43.77 and a beta of 1.26. PACCAR Inc has a 12 month low of $48.17 and a 12 month high of $70.12. The stock’s 50 day moving average is $67.50 and its 200 day moving average is $63.95.
PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 31st. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by $0.04. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.86 billion. PACCAR had a net margin of 3.12% and a return on equity of 20.21%. The firm’s revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. Analysts expect that PACCAR Inc will post $3.61 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on PCAR shares. BMO Capital Markets upgraded shares of PACCAR from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $57.00 to $85.00 in a report on Friday, January 13th. Vertical Research upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a report on Friday, January 6th. Seaport Global Securities restated a “buy” rating and issued a $80.00 price objective on shares of PACCAR in a report on Thursday, April 6th. Longbow Research upgraded shares of PACCAR from an “underperform” rating to a “neutral” rating in a report on Thursday, January 19th. Finally, Barclays PLC restated a “sell” rating and issued a $54.00 price objective on shares of PACCAR in a report on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. PACCAR presently has an average rating of “Hold” and an average target price of $68.29.
In related news, insider Gary Lee Moore sold 22,742 shares of the firm’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $68.28, for a total value of $1,552,823.76. Following the completion of the sale, the insider now directly owns 18,854 shares in the company, valued at $1,287,351.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael T. Barkley sold 8,736 shares of the firm’s stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $69.74, for a total value of $609,248.64. Following the completion of the sale, the insider now owns 19,249 shares of the company’s stock, valued at $1,342,425.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,157 shares of company stock valued at $5,757,472. 2.62% of the stock is owned by corporate insiders.
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.
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