HighTower Advisors LLC boosted its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,217 shares of the company’s stock after buying an additional 8,400 shares during the period. HighTower Advisors LLC’s holdings in PACCAR were worth $6,184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PCAR. Capital World Investors increased its stake in PACCAR by 3.9% in the second quarter. Capital World Investors now owns 12,005,500 shares of the company’s stock worth $622,725,000 after buying an additional 453,000 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in PACCAR by 3.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,520,368 shares of the company’s stock worth $597,561,000 after buying an additional 377,073 shares during the period. BlackRock Fund Advisors increased its stake in PACCAR by 3.7% in the third quarter. BlackRock Fund Advisors now owns 9,467,146 shares of the company’s stock worth $556,479,000 after buying an additional 336,714 shares during the period. BlackRock Group LTD increased its stake in PACCAR by 6.9% in the second quarter. BlackRock Group LTD now owns 4,030,270 shares of the company’s stock worth $209,049,000 after buying an additional 260,247 shares during the period. Finally, Northern Trust Corp increased its stake in PACCAR by 0.8% in the third quarter. Northern Trust Corp now owns 3,893,707 shares of the company’s stock worth $228,873,000 after buying an additional 30,205 shares during the period. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

Shares of PACCAR Inc. (NASDAQ:PCAR) traded up 1.37% during mid-day trading on Friday, reaching $67.24. 429,788 shares of the company’s stock were exchanged. The company has a market cap of $23.57 billion, a PE ratio of 40.93 and a beta of 1.33. The company’s 50-day moving average price is $64.46 and its 200 day moving average price is $58.60. PACCAR Inc. has a 52-week low of $43.46 and a 52-week high of $68.50.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $0.99 by $0.01. The company earned $4.25 billion during the quarter, compared to the consensus estimate of $4.08 billion. PACCAR had a net margin of 3.41% and a return on equity of 20.96%. The business’s revenue was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS. On average, equities research analysts predict that PACCAR Inc. will post $3.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 7th. Stockholders of record on Tuesday, February 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.45%. PACCAR’s dividend payout ratio is currently 58.54%.

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A number of research firms recently weighed in on PCAR. BMO Capital Markets raised shares of PACCAR to an “outperform” rating in a research note on Friday. RBC Capital Markets raised shares of PACCAR from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $54.00 to $75.00 in a research note on Friday. Royal Bank Of Canada raised shares of PACCAR from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $54.00 to $75.00 in a research note on Friday. Barclays PLC reissued a “sell” rating and set a $54.00 price target on shares of PACCAR in a research note on Tuesday. Finally, Vertical Research raised shares of PACCAR from a “sell” rating to a “hold” rating in a research note on Friday, January 6th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $61.13.

In other PACCAR news, insider T. Kyle Quinn sold 3,024 shares of the business’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $54.80, for a total transaction of $165,715.20. Following the completion of the sale, the insider now owns 16,672 shares in the company, valued at approximately $913,625.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark C. Pigott sold 112,266 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $55.47, for a total transaction of $6,227,395.02. Following the sale, the insider now owns 2,998,711 shares of the company’s stock, valued at approximately $166,338,499.17. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.

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.

5 Day Chart for NASDAQ:PCAR

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