Janus Henderson Group PLC Decreases Holdings in PACCAR Inc. (PCAR)

Janus Henderson Group PLC cut its stake in PACCAR Inc. (NASDAQ:PCAR) by 45.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,071 shares of the company’s stock after selling 89,943 shares during the quarter. Janus Henderson Group PLC’s holdings in PACCAR were worth $7,673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Davis Selected Advisers raised its holdings in PACCAR by 0.4% in the 2nd quarter. Davis Selected Advisers now owns 3,144 shares of the company’s stock worth $208,000 after purchasing an additional 12 shares in the last quarter. Atlantic Trust Group LLC raised its holdings in PACCAR by 0.6% in the 2nd quarter. Atlantic Trust Group LLC now owns 12,279 shares of the company’s stock worth $810,000 after purchasing an additional 68 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in PACCAR by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,098 shares of the company’s stock worth $1,724,000 after purchasing an additional 69 shares in the last quarter. Cadence Capital Management LLC raised its holdings in PACCAR by 0.8% in the 2nd quarter. Cadence Capital Management LLC now owns 10,087 shares of the company’s stock worth $666,000 after purchasing an additional 77 shares in the last quarter. Finally, CIBC World Markets Inc. raised its holdings in PACCAR by 2.2% in the 2nd quarter. CIBC World Markets Inc. now owns 5,989 shares of the company’s stock worth $396,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 62.26% of the company’s stock.

Shares of PACCAR Inc. (PCAR) opened at $71.15 on Wednesday. PACCAR Inc. has a 1 year low of $61.93 and a 1 year high of $75.68. The company has a market cap of $25,070.00, a PE ratio of 18.24, a P/E/G ratio of 1.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.40 and a current ratio of 2.56.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.06. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the firm posted $0.98 EPS. PACCAR’s revenue for the quarter was up 19.7% on a year-over-year basis. equities analysts predict that PACCAR Inc. will post 4.18 earnings per share for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 14th will be given a dividend of $1.20 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 13th. PACCAR’s dividend payout ratio (DPR) is 25.64%.

PCAR has been the subject of several research reports. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Tuesday, August 29th. Robert W. Baird restated a “hold” rating and issued a $67.00 price objective on shares of PACCAR in a report on Friday, September 1st. Royal Bank of Canada restated a “buy” rating on shares of PACCAR in a report on Friday, September 1st. Buckingham Research assumed coverage on shares of PACCAR in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $65.00 price target for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $72.00 price target on shares of PACCAR in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $75.15.

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

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PACCAR Profile

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.

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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