PACCAR Inc. (PCAR) Holdings Held by Dreman Value Management L L C
Dreman Value Management L L C continued to hold its stake in PACCAR Inc. (NASDAQ:PCAR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,238 shares of the company’s stock at the end of the 2nd quarter. Dreman Value Management L L C’s holdings in PACCAR were worth $554,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in PCAR. BlackRock Inc. grew its stake in PACCAR by 2,119.4% during the first quarter. BlackRock Inc. now owns 23,936,276 shares of the company’s stock worth $1,608,519,000 after buying an additional 22,857,778 shares in the last quarter. Principal Financial Group Inc. grew its stake in PACCAR by 381.5% during the second quarter. Principal Financial Group Inc. now owns 2,573,188 shares of the company’s stock worth $169,932,000 after buying an additional 2,038,761 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in PACCAR during the second quarter worth about $82,298,000. Vanguard Group Inc. grew its stake in PACCAR by 5.0% during the second quarter. Vanguard Group Inc. now owns 24,555,355 shares of the company’s stock worth $1,621,636,000 after buying an additional 1,164,896 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in PACCAR by 59.4% during the second quarter. Victory Capital Management Inc. now owns 2,660,654 shares of the company’s stock worth $175,710,000 after buying an additional 991,171 shares in the last quarter. Hedge funds and other institutional investors own 62.13% of the company’s stock.
In other PACCAR news, insider T. Kyle Quinn sold 2,786 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $67.89, for a total value of $189,141.54. Following the completion of the sale, the insider now owns 20,800 shares of the company’s stock, valued at $1,412,112. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.64% of the stock is owned by corporate insiders.
A number of equities research analysts have issued reports on the stock. Citigroup Inc. increased their price objective on shares of PACCAR from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird reiterated a “hold” rating and set a $80.00 price objective on shares of PACCAR in a research note on Thursday. ValuEngine downgraded shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Deutsche Bank AG restated a “hold” rating and issued a $78.00 price target (up from $75.00) on shares of PACCAR in a research note on Monday, October 9th. Finally, Wells Fargo & Company raised their price target on shares of PACCAR from $74.00 to $77.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. PACCAR has a consensus rating of “Hold” and a consensus price target of $75.42.
Shares of PACCAR Inc. (PCAR) traded down 0.33% on Friday, reaching $72.69. 2,620,739 shares of the company were exchanged. PACCAR Inc. has a 12-month low of $53.38 and a 12-month high of $74.79. The stock’s 50-day moving average is $70.23 and its 200 day moving average is $66.78. The firm has a market capitalization of $25.54 billion, a PE ratio of 19.46 and a beta of 1.18.
PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, July 25th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.07. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.29 billion. PACCAR had a return on equity of 18.61% and a net margin of 7.77%. PACCAR’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. On average, analysts forecast that PACCAR Inc. will post $4.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date is Monday, November 13th. PACCAR’s dividend payout ratio is currently 26.74%.
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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