PACCAR Inc. $PCAR Shares Acquired by West Family Investments Inc.

West Family Investments Inc. increased its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 13.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,443 shares of the company’s stock after purchasing an additional 527 shares during the period. West Family Investments Inc.’s holdings in PACCAR were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in PACCAR by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 62,995,929 shares of the company’s stock worth $6,133,914,000 after purchasing an additional 1,113,520 shares during the period. Wellington Management Group LLP lifted its holdings in shares of PACCAR by 20.1% in the 1st quarter. Wellington Management Group LLP now owns 20,177,930 shares of the company’s stock valued at $1,964,725,000 after buying an additional 3,379,165 shares during the period. Geode Capital Management LLC boosted its stake in shares of PACCAR by 1.3% in the second quarter. Geode Capital Management LLC now owns 12,455,453 shares of the company’s stock valued at $1,184,112,000 after buying an additional 159,632 shares in the last quarter. Northern Trust Corp grew its holdings in PACCAR by 0.5% during the first quarter. Northern Trust Corp now owns 7,239,967 shares of the company’s stock worth $704,956,000 after acquiring an additional 37,609 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in PACCAR by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,104,056 shares of the company’s stock worth $594,277,000 after acquiring an additional 97,197 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insider Buying and Selling

In other PACCAR news, CFO Brice J. Poplawski sold 3,369 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $101.15, for a total transaction of $340,774.35. Following the sale, the chief financial officer owned 468 shares in the company, valued at approximately $47,338.20. This represents a 87.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Zacks Research lowered shares of PACCAR from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. Weiss Ratings cut shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Evercore ISI set a $114.00 price objective on shares of PACCAR and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Raymond James Financial restated a “market perform” rating on shares of PACCAR in a research report on Tuesday, October 21st. Finally, Morgan Stanley set a $90.00 price target on shares of PACCAR in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PACCAR has an average rating of “Hold” and a consensus price target of $106.54.

PACCAR Stock Performance

NASDAQ:PCAR opened at $105.42 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $98.33 and a two-hundred day moving average price of $97.39. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $118.81. The company has a market capitalization of $55.37 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 4.11 and a beta of 0.95.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). The business had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $6.23 billion. PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The firm’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same period last year, the company earned $1.85 EPS. As a group, research analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

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

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.