2 days Ago By ABMN Staff
Ashton Thomas Private Wealth LLC purchased a new stake in shares of PACCAR Inc ( NASDAQ:PCAR – Free Report ) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 348 shares of the company’s stock, valued at approximately $36,000. Several other hedge funds and other institutional investors also recently bought and sold shares of the stock.
Fisher Asset Management LLC raised its holdings in PACCAR by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 4,910,042 shares of the company’s stock valued at $479,466,000 after buying an additional 83,444 shares during the period.
Norges Bank purchased a new stake in PACCAR during the 4th quarter valued at $448,288,000. Capital International Investors raised its holdings in PACCAR by 44.8% during the 1st quarter.
Capital International Investors now owns 3,962,928 shares of the company’s stock valued at $490,967,000 after buying an additional 1,225,468 shares during the period. Principal Financial Group Inc. raised its holdings in PACCAR by 1.
5% during the 2nd quarter. Principal Financial Group Inc. now owns 3,219,380 shares of the company’s stock valued at $331,403,000 after buying an additional 48,784 shares during the period.
Finally, First Trust Advisors LP increased its stake in PACCAR by 0.9% in the fourth quarter. First Trust Advisors LP now owns 2,750,136 shares of the company’s stock worth $268,551,000 after purchasing an additional 23,394 shares during the period.
Hedge funds and other institutional investors own 64.90% of the company’s stock. PACCAR Price Performance Shares of NASDAQ PCAR opened at $95.
70 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.
54 and a current ratio of 2.78. The company has a market cap of $50.
17 billion, a PE ratio of 9.93, a P/E/G ratio of 1.47 and a beta of 0.
91. The business has a 50-day simple moving average of $97.28 and a two-hundred day simple moving average of $106.
52. PACCAR Inc has a fifty-two week low of $80.94 and a fifty-two week high of $125.
50. PACCAR Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.
30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.
25%. The ex-dividend date of this dividend is Wednesday, November 13th. PACCAR’s dividend payout ratio (DPR) is 12.
45%. Insider Buying and Selling In related news, CEO R Preston Feight sold 27,834 shares of PACCAR stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $98.
70, for a total transaction of $2,747,215.80. Following the completion of the sale, the chief executive officer now owns 162,782 shares of the company’s stock, valued at $16,066,583.
40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . Corporate insiders own 2.
02% of the company’s stock. Analyst Upgrades and Downgrades PCAR has been the topic of a number of recent analyst reports. Raymond James initiated coverage on PACCAR in a research note on Friday, June 28th.
They issued a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft cut their price target on PACCAR from $121.00 to $109.
00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI cut their price target on PACCAR from $109.00 to $99.
00 and set an “in-line” rating on the stock in a research note on Monday, August 19th. Citigroup cut their price target on PACCAR from $106.00 to $100.
00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, Truist Financial cut their price target on PACCAR from $115.00 to $107.
00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $112.
73. View Our Latest Stock Report on PACCAR About PACCAR ( Free Report ) 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. See Also 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 – Free Report ).
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