SeaCrest Wealth Management LLC Buys Shares of 726 PACCAR Inc (NASDAQ:PCAR)

SeaCrest Wealth Management LLC bought a new stake in PACCAR Inc (NASDAQ:PCARGet Rating) during the second quarter, Holdings Channel.com reports. The institutional investor bought 726 shares of the company’s stock, valued at approximately $60,000.

Other large investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC lifted its position in PACCAR by 30.6% in the first quarter. Los Angeles Capital Management LLC now owns 6,611 shares of the company’s stock valued at $582,000 after buying an additional 1,550 shares during the last quarter. BlackRock Inc. lifted its position in shares of PACCAR by 1.2% during the first quarter. BlackRock Inc. now owns 24,024,912 shares of the company’s stock worth $2,115,872,000 after purchasing an additional 273,389 shares in the last quarter. State of Tennessee Treasury Department lifted its position in shares of PACCAR by 3.1% during the first quarter. State of Tennessee Treasury Department now owns 99,588 shares of the company’s stock worth $8,771,000 after purchasing an additional 2,958 shares in the last quarter. Twin Capital Management Inc. acquired a new stake in shares of PACCAR during the first quarter worth about $637,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of PACCAR during the first quarter worth about $480,000. Institutional investors and hedge funds own 64.17% of the company’s stock.

PACCAR Stock Performance

Shares of PACCAR stock opened at $103.87 on Friday. The firm has a market capitalization of $36.12 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.27 and a beta of 0.90. PACCAR Inc has a 52 week low of $77.00 and a 52 week high of $104.97. The company has a quick ratio of 2.38, a current ratio of 2.66 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average is $91.79 and its two-hundred day moving average is $88.16.

PACCAR (NASDAQ:PCARGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.00 by $0.21. The company had revenue of $6.69 billion for the quarter, compared to analyst estimates of $6.65 billion. PACCAR had a net margin of 9.50% and a return on equity of 21.24%. The firm’s revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 earnings per share. Research analysts forecast that PACCAR Inc will post 8.15 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, November 14th. This is a positive change from PACCAR’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. PACCAR’s dividend payout ratio (DPR) is 19.81%.

Insider Transactions at PACCAR

In other news, VP Todd R. Hubbard sold 491 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $95.00, for a total transaction of $46,645.00. Following the transaction, the vice president now directly owns 1,628 shares in the company, valued at $154,660. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO R Preston Feight sold 13,900 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $95.77, for a total transaction of $1,331,203.00. Following the completion of the sale, the chief executive officer now directly owns 62,377 shares of the company’s stock, valued at $5,973,845.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Todd R. Hubbard sold 491 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $95.00, for a total value of $46,645.00. Following the sale, the vice president now directly owns 1,628 shares of the company’s stock, valued at $154,660. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,443 shares of company stock worth $4,156,381. Insiders own 2.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PCAR. Morgan Stanley increased their price target on shares of PACCAR from $89.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 26th. StockNews.com raised shares of PACCAR from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 15th. Raymond James upped their target price on shares of PACCAR from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 20th. Citigroup upped their target price on shares of PACCAR to $96.00 in a research note on Thursday, October 27th. Finally, Vertical Research lowered shares of PACCAR from a “buy” rating to a “hold” rating and upped their target price for the stock from $100.00 to $102.00 in a research note on Wednesday, August 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.36.

PACCAR Company Profile

(Get Rating)

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, 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.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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