PACCAR Inc (PCAR) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC boosted its position in PACCAR Inc (NASDAQ:PCAR) by 321.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 200,516 shares of the company’s stock after purchasing an additional 152,981 shares during the period. SG Americas Securities LLC owned about 0.06% of PACCAR worth $13,673,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Flinton Capital Management LLC lifted its position in shares of PACCAR by 30.6% during the second quarter. Flinton Capital Management LLC now owns 56,976 shares of the company’s stock worth $3,530,000 after acquiring an additional 13,360 shares in the last quarter. Standard Life Aberdeen plc lifted its position in shares of PACCAR by 17.9% during the second quarter. Standard Life Aberdeen plc now owns 127,423 shares of the company’s stock worth $7,896,000 after acquiring an additional 19,376 shares in the last quarter. Garde Capital Inc. increased its holdings in shares of PACCAR by 6.0% in the second quarter. Garde Capital Inc. now owns 13,275 shares of the company’s stock worth $823,000 after purchasing an additional 750 shares during the period. Royal London Asset Management Ltd. bought a new position in shares of PACCAR in the second quarter worth $9,769,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of PACCAR by 2.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 132,924 shares of the company’s stock worth $8,237,000 after purchasing an additional 3,194 shares during the period. Institutional investors and hedge funds own 61.48% of the company’s stock.
In other news, insider Mark C. Pigott sold 194,004 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $58.84, for a total transaction of $11,415,195.36. Following the transaction, the insider now directly owns 3,080,449 shares of the company’s stock, valued at $181,253,619.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David J. Danforth sold 651 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $59.44, for a total value of $38,695.44. Following the transaction, the vice president now directly owns 5,453 shares in the company, valued at $324,126.32. The disclosure for this sale can be found here. 2.64% of the stock is owned by corporate insiders.
PCAR opened at $58.38 on Tuesday. The firm has a market capitalization of $20.46 billion, a P/E ratio of 13.70, a PEG ratio of 0.88 and a beta of 1.39. The company has a current ratio of 2.63, a quick ratio of 2.44 and a debt-to-equity ratio of 0.72. PACCAR Inc has a 52 week low of $53.95 and a 52 week high of $79.69.
PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 23rd. The company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.04. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.50 billion. PACCAR had a return on equity of 23.52% and a net margin of 9.73%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. As a group, sell-side analysts anticipate that PACCAR Inc will post 6.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th will be paid a $0.28 dividend. The ex-dividend date is Friday, November 9th. This represents a $1.12 dividend on an annualized basis and a yield of 1.92%. PACCAR’s dividend payout ratio is presently 26.29%.
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PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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