PACCAR Inc. $PCAR Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 20.2% during the second quarter, HoldingsChannel reports. The firm owned 2,792 shares of the company’s stock after selling 708 shares during the quarter. International Assets Investment Management LLC’s holdings in PACCAR were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. FORA Capital LLC acquired a new position in PACCAR in the 1st quarter worth approximately $597,000. Cambridge Investment Research Advisors Inc. increased its holdings in PACCAR by 62.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 36,289 shares of the company’s stock worth $3,533,000 after buying an additional 13,904 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in PACCAR by 51.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 12,962 shares of the company’s stock worth $1,262,000 after buying an additional 4,429 shares during the period. Stack Financial Management Inc acquired a new position in PACCAR in the 1st quarter worth approximately $20,585,000. Finally, Assenagon Asset Management S.A. increased its holdings in PACCAR by 46.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 280,895 shares of the company’s stock worth $26,702,000 after buying an additional 88,551 shares during the period. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insiders Place Their Bets

In other PACCAR news, CEO R Preston Feight sold 39,965 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 223,190 shares in the company, valued at approximately $22,211,868.80. This trade represents a 15.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.02% of the company’s stock.

PACCAR Price Performance

PACCAR stock opened at $99.38 on Friday. The company’s fifty day moving average price is $98.48 and its 200 day moving average price is $95.61. PACCAR Inc. has a 1 year low of $84.65 and a 1 year high of $118.81. The stock has a market capitalization of $52.18 billion, a P/E ratio of 19.45, a P/E/G ratio of 4.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.80 and a current ratio of 1.82.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The company had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.23 billion. PACCAR had a net margin of 9.11% and a return on equity of 16.01%. PACCAR’s revenue was down 20.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.85 EPS. As a group, equities research analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be issued a $0.33 dividend. The ex-dividend date 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 (DPR) is presently 25.83%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of PACCAR in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Raymond James Financial reiterated a “market perform” rating on shares of PACCAR in a report on Tuesday. Vertical Research upgraded shares of PACCAR to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Evercore ISI set a $114.00 price objective on shares of PACCAR and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $106.59.

PACCAR Company 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.