Xponance Inc. Acquires 205 Shares of PACCAR Inc (NASDAQ:PCAR)

Xponance Inc. boosted its holdings in PACCAR Inc (NASDAQ:PCAR) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,102 shares of the company’s stock after buying an additional 205 shares during the period. Xponance Inc.’s holdings in PACCAR were worth $7,216,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PCAR. Capital International Investors boosted its holdings in PACCAR by 44.8% in the 1st quarter. Capital International Investors now owns 3,962,928 shares of the company’s stock valued at $490,967,000 after purchasing an additional 1,225,468 shares during the period. TD Asset Management Inc lifted its stake in shares of PACCAR by 112.2% in the fourth quarter. TD Asset Management Inc now owns 2,072,281 shares of the company’s stock valued at $202,358,000 after buying an additional 1,095,894 shares during the period. Point72 Asset Management L.P. acquired a new stake in PACCAR during the fourth quarter worth about $87,441,000. Renaissance Technologies LLC bought a new position in PACCAR during the second quarter valued at about $88,437,000. Finally, Epoch Investment Partners Inc. raised its holdings in PACCAR by 113.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 1,058,970 shares of the company’s stock valued at $103,408,000 after acquiring an additional 562,571 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Stock Down 0.1 %

Shares of NASDAQ:PCAR opened at $98.79 on Tuesday. PACCAR Inc has a 12 month low of $80.94 and a 12 month high of $125.50. The firm has a market cap of $51.79 billion, a P/E ratio of 10.25, a P/E/G ratio of 1.48 and a beta of 0.91. The company has a quick ratio of 2.54, a current ratio of 2.78 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $96.84 and its two-hundred day moving average price is $105.97.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.01). The company had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $8.30 billion. PACCAR had a return on equity of 29.87% and a net margin of 14.07%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 EPS. As a group, research analysts forecast that PACCAR Inc will post 8.08 EPS for the current fiscal year.

PACCAR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.21%. PACCAR’s payout ratio is 12.45%.

Analyst Ratings Changes

PCAR has been the topic of a number of research reports. Evercore ISI lowered their price objective on PACCAR from $109.00 to $99.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. StockNews.com raised shares of PACCAR from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their price objective on shares of PACCAR from $135.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Raymond James initiated coverage on shares of PACCAR in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, Citigroup decreased their price objective on PACCAR from $106.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, PACCAR has a consensus rating of “Hold” and a consensus target price of $112.73.

Insiders Place Their Bets

In other news, CEO R Preston Feight sold 27,834 shares of PACCAR stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $98.70, for a total transaction of $2,747,215.80. Following the completion of the sale, the chief executive officer now owns 162,782 shares in the company, valued at approximately $16,066,583.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.02% of the company’s stock.

PACCAR Profile

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.