British Airways Pensions Investment Management Ltd Lowers Stake in PACCAR Inc. (PCAR)
British Airways Pensions Investment Management Ltd lessened its holdings in PACCAR Inc. (NASDAQ:PCAR) by 8.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 168,393 shares of the company’s stock after selling 15,215 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in PACCAR were worth $12,178,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in PCAR. IFP Advisors Inc lifted its position in shares of PACCAR by 91.1% in the 2nd quarter. IFP Advisors Inc now owns 1,867 shares of the company’s stock worth $123,000 after purchasing an additional 890 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co lifted its position in shares of PACCAR by 18.8% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock worth $125,000 after purchasing an additional 300 shares during the period. State of Alaska Department of Revenue lifted its position in shares of PACCAR by 29.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,175 shares of the company’s stock worth $143,000 after purchasing an additional 500 shares during the period. Sun Life Financial INC lifted its position in shares of PACCAR by 19,884.6% in the 2nd quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock worth $172,000 after purchasing an additional 2,585 shares during the period. Finally, Institute for Wealth Management LLC. purchased a new stake in shares of PACCAR in the 2nd quarter worth approximately $201,000. 63.03% of the stock is owned by hedge funds and other institutional investors.
PACCAR Inc. (PCAR) traded down $2.94 during trading hours on Friday, hitting $66.76. 2,620,000 shares of the stock were exchanged, compared to its average volume of 2,410,000. The firm has a market capitalization of $23,470.00, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.63 and a beta of 1.24. PACCAR Inc. has a 1 year low of $58.78 and a 1 year high of $75.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.56 and a quick ratio of 2.40.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.57 billion. PACCAR had a net margin of 7.61% and a return on equity of 18.77%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. equities research analysts forecast that PACCAR Inc. will post 4.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, November 13th. PACCAR’s dividend payout ratio (DPR) is presently 25.64%.
Several brokerages have recently weighed in on PCAR. BidaskClub cut shares of PACCAR from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Argus raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Stifel Nicolaus decreased their target price on shares of PACCAR from $76.00 to $75.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. Wells Fargo & Company decreased their target price on shares of PACCAR from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Wednesday, October 25th. Finally, UBS AG set a $79.00 target price on shares of PACCAR and gave the company a “buy” rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.95.
TRADEMARK VIOLATION WARNING: This piece was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/17/british-airways-pensions-investment-management-ltd-lowers-stake-in-paccar-inc-pcar.html.
In related news, VP C Michael Dozier sold 3,618 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $69.02, for a total transaction of $249,714.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Alma Lily Ley sold 4,024 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total transaction of $285,704.00. Following the sale, the vice president now directly owns 24,319 shares in the company, valued at $1,726,649. The disclosure for this sale can be found here. Insiders have sold 106,598 shares of company stock worth $7,597,908 over the last three months. 2.64% of the stock is currently owned by insiders.
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
Receive News & Stock Ratings for PACCAR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR Inc. and related stocks with our FREE daily email newsletter.