13,300 Shares in PACCAR Inc. $PCAR Purchased by New England Research & Management Inc.

New England Research & Management Inc. acquired a new position in PACCAR Inc. (NASDAQ:PCAR) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 13,300 shares of the company’s stock, valued at approximately $1,460,000.

Other institutional investors also recently bought and sold shares of the company. Vontobel Holding Ltd. raised its position in PACCAR by 6.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 6,197 shares of the company’s stock valued at $680,000 after purchasing an additional 377 shares in the last quarter. Mosley Wealth Management grew its position in shares of PACCAR by 52.2% during the 3rd quarter. Mosley Wealth Management now owns 612 shares of the company’s stock worth $68,000 after buying an additional 210 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of PACCAR by 12.4% during the third quarter. V Square Quantitative Management LLC now owns 3,861 shares of the company’s stock valued at $424,000 after buying an additional 425 shares during the period. Turtle Creek Wealth Advisors LLC increased its stake in shares of PACCAR by 59.4% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 3,825 shares of the company’s stock valued at $420,000 after buying an additional 1,425 shares during the period. Finally, Ashurst Perkins Coie Trust Co raised its holdings in shares of PACCAR by 2,269.4% in the third quarter. Ashurst Perkins Coie Trust Co now owns 6,279 shares of the company’s stock valued at $689,000 after acquiring an additional 6,014 shares in the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PACCAR news, VP William Lance Walters sold 1,000 shares of PACCAR stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $133.50, for a total value of $133,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brice J. Poplawski sold 1,970 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $132.50, for a total transaction of $261,025.00. Following the completion of the transaction, the chief financial officer owned 1,391 shares of the company’s stock, valued at $184,307.50. This represents a 58.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 56,842 shares of company stock worth $7,565,677 over the last ninety days. 1.99% of the stock is currently owned by company insiders.

PACCAR Stock Up 0.0%

NASDAQ PCAR traded up $0.01 during midday trading on Friday, hitting $110.82. 2,945,128 shares of the company traded hands, compared to its average volume of 4,072,521. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.12 and a quick ratio of 2.90. The company has a market cap of $58.33 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The company’s 50-day simple moving average is $119.55 and its 200-day simple moving average is $120.47. PACCAR Inc. has a 52 week low of $93.19 and a 52 week high of $139.24.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.36 by $0.07. The firm had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS. As a group, equities research analysts forecast that PACCAR Inc. will post 5.91 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 11th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, November 10th. PACCAR’s payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley set a $125.00 price objective on shares of PACCAR and gave the stock an “equal weight” rating in a research note on Friday, September 4th. Wells Fargo & Company set a $122.00 target price on shares of PACCAR and gave the stock an “equal weight” rating in a report on Thursday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of PACCAR in a research report on Tuesday, August 18th. Royal Bank Of Canada upgraded shares of PACCAR from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $130.00 to $150.00 in a report on Thursday, September 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $148.00 price target (up from $142.00) on shares of PACCAR in a research report on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $131.50.

About PACCAR

PACCAR Inc is a global manufacturer of heavy-duty trucks and related transportation products. The company designs, develops and markets trucks under the Kenworth, Peterbilt and DAF brands, serving the long-haul, construction, vocational and distribution markets.

In addition to complete trucks, PACCAR provides diesel and electric powertrains, engines, parts and related aftermarket services. Its PACCAR Parts business distributes replacement parts and accessories through a network of distribution centers and dealerships, while PACCAR Financial offers retail and wholesale financing and leasing services to customers and dealers.

Founded in 1905, PACCAR has grown from a regional equipment manufacturer into an international transportation company.