Bluestein R H & Co. Takes $217,000 Position in PACCAR Inc. (PCAR)

Bluestein R H & Co. purchased a new stake in shares of PACCAR Inc. (NASDAQ:PCAR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,000 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc lifted its holdings in PACCAR by 91.1% during the 2nd quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock valued at $123,000 after purchasing an additional 890 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in PACCAR by 18.8% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock valued at $125,000 after purchasing an additional 300 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in PACCAR by 29.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock valued at $143,000 after purchasing an additional 500 shares during the last quarter. Sun Life Financial INC lifted its holdings in PACCAR by 19,884.6% during the 2nd quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock valued at $172,000 after purchasing an additional 2,585 shares during the last quarter. Finally, Hartland & Co. LLC acquired a new stake in PACCAR during the 3rd quarter valued at $206,000. 62.36% of the stock is owned by institutional investors and hedge funds.

PACCAR Inc. (NASDAQ:PCAR) opened at $70.17 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.56 and a quick ratio of 2.40. PACCAR Inc. has a 12-month low of $61.93 and a 12-month high of $75.68. The company has a market capitalization of $24,960.00, a price-to-earnings ratio of 17.86, a P/E/G ratio of 1.67 and a beta of 1.22.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the business earned $0.98 earnings per share. PACCAR’s revenue was up 19.7% on a year-over-year basis. analysts expect that PACCAR Inc. will post 4.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.43%. PACCAR’s payout ratio is currently 25.64%.

In related news, VP C Michael Dozier sold 3,618 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $69.02, for a total value of $249,714.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Alma Lily Ley sold 4,024 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total value of $285,704.00. Following the completion of the transaction, the vice president now owns 24,319 shares in the company, valued at approximately $1,726,649. The disclosure for this sale can be found here. Insiders sold 106,598 shares of company stock worth $7,597,908 in the last 90 days. 2.64% of the stock is owned by company insiders.

Several equities research analysts have issued reports on PCAR shares. BidaskClub raised PACCAR from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised PACCAR from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Tuesday, August 22nd. Robert W. Baird reaffirmed a “hold” rating and set a $67.00 price target on shares of PACCAR in a report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of PACCAR in a report on Friday, September 1st. Finally, Buckingham Research began coverage on PACCAR in a report on Tuesday, September 5th. They set a “neutral” rating and a $65.00 price target for the company. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company’s stock. PACCAR presently has a consensus rating of “Hold” and a consensus price target of $75.60.

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About PACCAR

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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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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