SG Americas Securities LLC Has $9.99 Million Holdings in PACCAR Inc (NASDAQ:PCAR)

SG Americas Securities LLC lessened its stake in PACCAR Inc (NASDAQ:PCAR) by 26.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,233 shares of the company’s stock after selling 35,777 shares during the quarter. SG Americas Securities LLC’s holdings in PACCAR were worth $9,990,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. YHB Investment Advisors Inc. acquired a new position in PACCAR during the first quarter worth $27,000. New Covenant Trust Company N.A. acquired a new position in PACCAR during the first quarter worth $27,000. Riverview Trust Co acquired a new position in PACCAR during the first quarter worth $29,000. Rise Advisors LLC acquired a new position in PACCAR during the first quarter worth $31,000. Finally, Quarry LP acquired a new position in PACCAR during the second quarter worth $26,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Evercore ISI dropped their price target on shares of PACCAR from $109.00 to $99.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Raymond James assumed coverage on shares of PACCAR in a research report on Friday, June 28th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. dropped their price target on shares of PACCAR from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Citigroup dropped their price target on shares of PACCAR from $106.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of PACCAR from $121.00 to $109.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $112.73.

PACCAR Stock Performance

NASDAQ:PCAR traded up $2.16 during mid-day trading on Friday, reaching $103.41. 2,796,414 shares of the company’s stock were exchanged, compared to its average volume of 2,625,178. PACCAR Inc has a one year low of $80.94 and a one year high of $125.50. The firm has a market capitalization of $54.20 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The business’s fifty day simple moving average is $95.93 and its two-hundred day simple moving average is $105.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.54 and a current ratio of 2.78.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.01). PACCAR had a return on equity of 29.87% and a net margin of 14.07%. The business had revenue of $8.26 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the prior year, the business posted $2.33 earnings per share. PACCAR’s revenue was down 2.1% compared to the same quarter last year. Analysts anticipate that PACCAR Inc will post 8.08 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.30 per share. 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 1.16%. PACCAR’s payout ratio is 12.45%.

Insiders Place Their Bets

In other PACCAR news, CEO R Preston Feight sold 27,834 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 162,782 shares in the company, valued at $16,066,583.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.02% of the company’s stock.

PACCAR Company 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.