2 weeks Ago By ABMN Staff
Scientech Research LLC boosted its position in PACCAR Inc ( NASDAQ:PCAR – Free Report ) by 145.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,512 shares of the company’s stock after purchasing an additional 5,039 shares during the period.
Scientech Research LLC’s holdings in PACCAR were worth $876,000 as of its most recent filing with the SEC. Several other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in PACCAR by 3.
3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,415,637 shares of the company’s stock valued at $557,572,000 after purchasing an additional 171,317 shares during the last quarter. Fisher Asset Management LLC lifted its stake in PACCAR by 1.
7% in the 4th quarter. Fisher Asset Management LLC now owns 4,910,042 shares of the company’s stock valued at $479,466,000 after purchasing an additional 83,444 shares during the last quarter. Legal & General Group Plc lifted its stake in PACCAR by 5.
9% in the 2nd quarter. Legal & General Group Plc now owns 4,329,525 shares of the company’s stock valued at $445,681,000 after purchasing an additional 242,435 shares during the last quarter. Capital International Investors lifted its stake in PACCAR by 44.
8% in the 1st quarter. Capital International Investors now owns 3,962,928 shares of the company’s stock valued at $490,967,000 after purchasing an additional 1,225,468 shares during the last quarter. Finally, Principal Financial Group Inc.
lifted its stake in PACCAR by 1.5% in the 2nd quarter. Principal Financial Group Inc.
now owns 3,219,380 shares of the company’s stock valued at $331,403,000 after purchasing an additional 48,784 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at PACCAR In related news, CEO R Preston Feight sold 27,834 shares of PACCAR stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $98.70, for a total value of $2,747,215.
80. Following the transaction, the chief executive officer now directly owns 162,782 shares of the company’s stock, valued at $16,066,583.40.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . 2.02% of the stock is currently owned by insiders.
PACCAR Stock Up 0.3 % PACCAR ( NASDAQ:PCAR – Get Free Report ) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $2.
13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.01).
The firm had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $8.30 billion.
PACCAR had a net margin of 14.07% and a return on equity of 29.87%.
The business’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business earned $2.
33 earnings per share. On average, equities research analysts expect that PACCAR Inc will post 8.08 earnings per share for the current fiscal year.
PACCAR Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be paid a $0.30 dividend.
The ex-dividend date is Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.
22%. PACCAR’s dividend payout ratio (DPR) is 12.45%.
Analysts Set New Price Targets PCAR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of PACCAR from $121.00 to $109.
00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Truist Financial cut their price objective on shares of PACCAR from $115.00 to $107.
00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Raymond James began coverage on shares of PACCAR in a research report on Friday, June 28th. They set a “market perform” rating for the company.
StockNews.com upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Finally, Citigroup cut their price objective on shares of PACCAR from $106.
00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock.
According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $112.73. View Our Latest Research Report on PCAR 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. Featured Stories Receive News & Ratings for PACCAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR and related companies with MarketBeat.
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