Vise Technologies Inc. acquired a new position in shares of PACCAR Inc. (NASDAQ:PCAR – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 15,108 shares of the company’s stock, valued at approximately $1,815,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ares Financial Consulting LLC acquired a new stake in PACCAR in the fourth quarter valued at $27,000. Paladin Partners LLC acquired a new position in shares of PACCAR during the 2nd quarter worth about $27,000. MCF Advisors LLC boosted its position in shares of PACCAR by 57.5% during the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock worth $28,000 after acquiring an additional 92 shares in the last quarter. Steph & Co. purchased a new position in shares of PACCAR in the 1st quarter valued at about $29,000. Finally, Elyxium Wealth LLC purchased a new position in shares of PACCAR in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 64.90% of the company’s stock.
Insider Buying and Selling
In other news, CFO Brice J. Poplawski sold 1,970 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $132.50, for a total value of $261,025.00. Following the transaction, the chief financial officer owned 1,391 shares of the company’s stock, valued at approximately $184,307.50. The trade was a 58.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO R Preston Feight sold 50,975 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $133.07, for a total value of $6,783,243.25. Following the sale, the chief executive officer owned 268,625 shares of the company’s stock, valued at $35,745,928.75. This trade represents a 15.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 56,842 shares of company stock valued at $7,565,677. Company insiders own 1.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on PACCAR
PACCAR Trading Up 1.6%
NASDAQ PCAR opened at $131.03 on Friday. The firm’s fifty day moving average is $126.48 and its two-hundred day moving average is $121.90. PACCAR Inc. has a one year low of $92.25 and a one year high of $139.24. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.90 and a current ratio of 3.12. The firm has a market cap of $68.97 billion, a PE ratio of 27.53, a P/E/G ratio of 1.02 and a beta of 0.97.
PACCAR (NASDAQ:PCAR – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. The firm had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The business’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $1.37 earnings per share. Analysts expect that PACCAR Inc. will post 5.89 earnings per share for the current year.
PACCAR Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 12th. PACCAR’s dividend payout ratio (DPR) is presently 29.41%.
PACCAR Profile
PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.
In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.
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