Dudley & Shanley LLC Decreases Stake in Paccar Inc. (PCAR)
Dudley & Shanley LLC decreased its stake in Paccar Inc. (NASDAQ:PCAR) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425,320 shares of the company’s stock after selling 4,000 shares during the period. Paccar comprises about 5.0% of Dudley & Shanley LLC’s portfolio, making the stock its 10th largest position. Dudley & Shanley LLC owned 0.12% of Paccar worth $22,061,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Paccar by 2.3% in the first quarter. State Street Corp now owns 14,693,701 shares of the company’s stock valued at $803,596,000 after buying an additional 335,531 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Paccar by 2.0% in the first quarter. Geode Capital Management LLC now owns 3,070,842 shares of the company’s stock valued at $167,628,000 after buying an additional 59,726 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Paccar by 2.7% in the first quarter. Wellington Management Group LLP now owns 2,216,874 shares of the company’s stock valued at $121,241,000 after buying an additional 57,859 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Paccar by 2.1% in the first quarter. Legal & General Group Plc now owns 1,522,905 shares of the company’s stock valued at $83,284,000 after buying an additional 30,642 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Paccar during the second quarter valued at approximately $54,296,000. Institutional investors own 62.25% of the company’s stock.
Paccar Inc. (NASDAQ:PCAR) traded up 0.2070% during mid-day trading on Monday, reaching $56.9376. 521,442 shares of the company were exchanged. The company has a market cap of $19.96 billion, a P/E ratio of 30.2217 and a beta of 1.51. Paccar Inc. has a 12 month low of $43.46 and a 12 month high of $60.86. The stock’s 50-day moving average is $58.09 and its 200-day moving average is $56.25.
Paccar (NASDAQ:PCAR) last released its earnings results on Tuesday, July 26th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.17 billion. Paccar had a return on equity of 21.92% and a net margin of 3.71%. Paccar’s revenue was down 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. Equities analysts expect that Paccar Inc. will post $3.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.69%. Paccar’s dividend payout ratio (DPR) is 51.34%.
PCAR has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Paccar from a “sell” rating to a “hold” rating in a research report on Thursday. Longbow Research lowered shares of Paccar from a “neutral” rating to an “underperform” rating and set a $44.00 price objective on the stock. in a research report on Tuesday, July 19th. BMO Capital Markets reiterated a “hold” rating and issued a $57.00 price objective on shares of Paccar in a research report on Friday, July 29th. Deutsche Bank AG initiated coverage on shares of Paccar in a research report on Tuesday, September 6th. They issued a “hold” rating and a $63.00 price objective on the stock. Finally, Robert W. Baird reiterated a “buy” rating on shares of Paccar in a research report on Tuesday, June 28th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $56.33.
Paccar Company Profile
PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.
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