Rockefeller Capital Management L.P. Has $8.97 Million Stock Holdings in PACCAR Inc. $PCAR

Rockefeller Capital Management L.P. boosted its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 2.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 94,339 shares of the company’s stock after buying an additional 2,147 shares during the period. Rockefeller Capital Management L.P.’s holdings in PACCAR were worth $8,968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Kingsview Wealth Management LLC increased its position in shares of PACCAR by 12.9% during the second quarter. Kingsview Wealth Management LLC now owns 4,434 shares of the company’s stock worth $422,000 after acquiring an additional 505 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in PACCAR by 8.8% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 4,831 shares of the company’s stock worth $459,000 after purchasing an additional 392 shares during the period. Avantax Advisory Services Inc. increased its holdings in PACCAR by 46.0% during the 2nd quarter. Avantax Advisory Services Inc. now owns 24,368 shares of the company’s stock worth $2,316,000 after purchasing an additional 7,681 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of PACCAR by 2.7% in the 2nd quarter. Cetera Investment Advisers now owns 48,282 shares of the company’s stock valued at $4,590,000 after purchasing an additional 1,255 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of PACCAR by 39.6% in the second quarter. SG Americas Securities LLC now owns 21,068 shares of the company’s stock valued at $2,003,000 after purchasing an additional 5,979 shares in the last quarter. Institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

NASDAQ:PCAR opened at $96.49 on Thursday. 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 fifty day simple moving average of $98.08 and a 200 day simple moving average of $96.81. 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 $50.68 billion, a PE ratio of 18.88, a P/E/G 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 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $7.24 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%. The business’s revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 EPS. On average, research analysts expect that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, November 12th. This represents a $1.32 dividend on an annualized basis and a yield of 1.4%. PACCAR’s dividend payout ratio (DPR) is presently 25.83%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

PCAR has been the subject of a number of research reports. Wells Fargo & Company assumed coverage on PACCAR in a report on Thursday, November 13th. They set a “positive” rating and a $106.00 price objective for the company. Raymond James Financial reaffirmed a “market perform” rating on shares of PACCAR in a research note on Tuesday, October 21st. Weiss Ratings lowered shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Vertical Research raised shares of PACCAR to a “strong-buy” rating in a research report on Wednesday, July 23rd. Finally, Zacks Research lowered shares of PACCAR from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $106.54.

About PACCAR

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.