PACCAR Inc (NASDAQ:PCAR) Shares Sold by Gamble Jones Investment Counsel

Gamble Jones Investment Counsel reduced its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,215 shares of the company’s stock after selling 435 shares during the period. Gamble Jones Investment Counsel’s holdings in PACCAR were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in PCAR. Cambridge Investment Research Advisors Inc. increased its holdings in shares of PACCAR by 1.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,557 shares of the company’s stock valued at $900,000 after purchasing an additional 135 shares during the period. Trustcore Financial Services LLC increased its holdings in shares of PACCAR by 1.8% in the third quarter. Trustcore Financial Services LLC now owns 8,414 shares of the company’s stock valued at $589,000 after purchasing an additional 150 shares during the period. Compagnie Lombard Odier SCmA increased its holdings in shares of PACCAR by 35.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 606 shares of the company’s stock valued at $43,000 after purchasing an additional 157 shares during the period. Squar Milner Financial Services LLC increased its holdings in shares of PACCAR by 7.9% in the third quarter. Squar Milner Financial Services LLC now owns 2,250 shares of the company’s stock valued at $157,000 after purchasing an additional 165 shares during the period. Finally, Creative Planning increased its holdings in shares of PACCAR by 1.0% in the third quarter. Creative Planning now owns 17,109 shares of the company’s stock valued at $1,198,000 after purchasing an additional 167 shares during the period. 63.42% of the stock is currently owned by institutional investors.

PACCAR stock traded up $0.20 during midday trading on Friday, hitting $80.07. 1,099,800 shares of the company were exchanged, compared to its average volume of 1,830,361. The business has a fifty day simple moving average of $72.20 and a two-hundred day simple moving average of $69.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.23 and a current ratio of 2.39. The firm has a market capitalization of $27.56 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25. PACCAR Inc has a fifty-two week low of $53.43 and a fifty-two week high of $80.57.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, October 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.11. The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $5.97 billion. PACCAR had a return on equity of 26.11% and a net margin of 9.45%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 earnings per share. As a group, equities analysts expect that PACCAR Inc will post 6.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.28 annualized dividend and a yield of 1.60%. PACCAR’s dividend payout ratio (DPR) is 20.51%.

Several analysts recently commented on the company. ValuEngine lowered PACCAR from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. OTR Global lowered PACCAR from a “mixed” rating to a “negative” rating in a report on Wednesday, October 9th. BidaskClub raised PACCAR from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Wells Fargo & Co raised their target price on PACCAR from $72.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, October 23rd. Finally, Credit Suisse Group raised their target price on PACCAR from $74.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $71.64.

In other PACCAR news, SVP Darrin C. Siver sold 12,474 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $77.01, for a total transaction of $960,622.74. Following the completion of the sale, the senior vice president now owns 30,600 shares of the company’s stock, valued at $2,356,506. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Harrie Schippers sold 7,927 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $77.73, for a total value of $616,165.71. Following the sale, the chief financial officer now directly owns 40,051 shares of the company’s stock, valued at approximately $3,113,164.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,949 shares of company stock valued at $8,207,798. 2.32% of the stock is owned by insiders.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.

Read More: Return on Investment (ROI)

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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