Linden Thomas Advisory Services LLC Purchases 3,865 Shares of PACCAR Inc. $PCAR

Linden Thomas Advisory Services LLC grew its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 52.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,209 shares of the company’s stock after acquiring an additional 3,865 shares during the period. Linden Thomas Advisory Services LLC’s holdings in PACCAR were worth $1,066,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. FORA Capital LLC bought a new position in shares of PACCAR during the 1st quarter valued at about $597,000. Cambridge Investment Research Advisors Inc. increased its position in shares of PACCAR by 62.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 36,289 shares of the company’s stock valued at $3,533,000 after purchasing an additional 13,904 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its position in shares of PACCAR by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 12,962 shares of the company’s stock valued at $1,262,000 after purchasing an additional 4,429 shares during the last quarter. Stack Financial Management Inc bought a new position in shares of PACCAR during the 1st quarter valued at about $20,585,000. Finally, Assenagon Asset Management S.A. increased its position in shares of PACCAR by 46.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 280,895 shares of the company’s stock valued at $26,702,000 after purchasing an additional 88,551 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PCAR. JPMorgan Chase & Co. raised their price target on PACCAR from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered PACCAR from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group set a $103.00 price target on PACCAR and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley set a $90.00 price target on PACCAR in a research report on Tuesday, October 21st. Finally, Jefferies Financial Group restated a “hold” rating and set a $90.00 price target on shares of PACCAR in a research report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $106.59.

PACCAR Trading Up 0.8%

NASDAQ PCAR opened at $100.13 on Monday. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 1.82. The stock has a 50 day simple moving average of $98.52 and a two-hundred day simple moving average of $95.79. The stock has a market cap of $52.58 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 4.18 and a beta of 0.94.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). PACCAR had a return on equity of 16.01% and a net margin of 9.11%.The business had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.23 billion. During the same quarter last year, the business posted $1.85 EPS. The company’s quarterly revenue was down 20.7% compared to the same quarter last year. On average, analysts forecast that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 12th. PACCAR’s dividend payout ratio (DPR) is presently 25.83%.

Insider Activity at PACCAR

In other news, CEO R Preston Feight sold 39,965 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $99.52, for a total value of $3,977,316.80. Following the completion of the transaction, the chief executive officer owned 223,190 shares in the company, valued at $22,211,868.80. This trade represents a 15.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.02% of the stock is currently owned by insiders.

PACCAR Profile

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.