Coldstream Capital Management Inc. Buys 1,971 Shares of PACCAR Inc. $PCAR

Coldstream Capital Management Inc. lifted its stake in PACCAR Inc. (NASDAQ:PCAR) by 4.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,174 shares of the company’s stock after acquiring an additional 1,971 shares during the period. Coldstream Capital Management Inc.’s holdings in PACCAR were worth $4,389,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. raised its position in shares of PACCAR by 53.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Bayforest Capital Ltd grew its stake in PACCAR by 234.2% in the 1st quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock valued at $38,000 after buying an additional 274 shares during the last quarter. Accent Capital Management LLC bought a new position in PACCAR in the 1st quarter worth $40,000. Hantz Financial Services Inc. raised its holdings in PACCAR by 43.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $42,000 after acquiring an additional 134 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new position in PACCAR during the 2nd quarter worth $43,000. Institutional investors own 64.90% of the company’s stock.

Analyst Ratings Changes

PCAR has been the topic of several research analyst reports. Wall Street Zen downgraded PACCAR from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Jefferies Financial Group restated a “hold” rating and set a $90.00 target price on shares of PACCAR in a research note on Tuesday, October 21st. Evercore ISI set a $114.00 price target on PACCAR and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. UBS Group set a $103.00 price objective on PACCAR and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research downgraded shares of PACCAR from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $106.54.

PACCAR Trading Up 5.5%

PACCAR stock opened at $102.99 on Monday. The business has a 50 day moving average price of $98.01 and a two-hundred day moving average price of $97.03. The company has a quick ratio of 1.51, a current ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a market cap of $54.09 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 4.11 and a beta of 0.95. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). The firm had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.23 billion. PACCAR had a return on equity of 16.01% and a net margin of 9.11%.PACCAR’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 EPS. As a group, equities analysts forecast that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, November 12th. PACCAR’s dividend payout ratio (DPR) is presently 25.83%.

Insider Activity at PACCAR

In other news, CFO Brice J. Poplawski sold 3,369 shares of PACCAR stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $101.15, for a total transaction of $340,774.35. Following the sale, the chief financial officer directly owned 468 shares in the company, valued at approximately $47,338.20. The trade was a 87.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.02% of the company’s stock.

About PACCAR

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