Perkins Coie Trust Co boosted its stake in PACCAR by 102.8% in the second quarter. (NASDAQ:PCAR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). PACCAR accounts for 0.8% of Biltmore Wealth Management LLC's investment portfolio, making the stock its 20th largest position.
Ridgeworth Capital Management Llc increased Paccar Inc (PCAR) stake by 42317.2% reported in 2016Q4 SEC filing. Gulf International Bank UK Ltd now owns 107,257 shares of the company's stock valued at $7,207,000 after buying an additional 1,400 shares during the period. Vanguard Group Inc. raised its position in PACCAR by 3.3% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,600 shares of the company's stock worth $108,000 after buying an additional 400 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PACCAR by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 3,742 shares of the company's stock worth $247,000 after buying an additional 46 shares in the last quarter. FMR LLC raised its position in PACCAR by 20.7% in the first quarter.
Hartford Financial Management Inc. held its stake in PACCAR Inc. The value of the total investment in PACCAR Inc. increased from $5,648,000 to $5,956,000 a change of 5.5% for the reporting period. Focused Wealth Mgmt owns 0% invested in PACCAR Inc (NASDAQ:PCAR) for 32 shares. PACCAR Inc (NASDAQ:PCAR), at its latest closing price of $65.21, it has a price-to-book ratio of 3.15, compared to an industry average at 1.92. The company has a 50 day moving average of $67.26 and a 200 day moving average of $66.54. PACCAR has a 52 week low of $53.38 and a 52 week high of $70.32. The company has a market cap of $23.00 billion, a P/E ratio of 17.52 and a beta of 1.14. RBC Capital Markets maintained PACCAR Inc (NASDAQ:PCAR) rating on Tuesday, July 25. The company now has Return on Equity of 18.60%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The dividend will be $0.250 per share for the quarter or $1.00 annualized. Equities research analysts predict that PACCAR Inc. will post $4.00 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.25 per share. Also Nasdaq.com published the news titled: "Ex-Dividend Reminder: Fresh Del Monte Produce, PACCAR and Cheesecake Factory" on August 10, 2017.
TRADEMARK VIOLATION WARNING: This report was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. Zacks Investment Research downgraded shares of PACCAR from a "buy" rating to a "hold" rating in a report on Monday, July 31st. (The) upgraded PACCAR from a "neutral" rating to a "buy" rating and set a $79.00 target price on the stock in a research report on Thursday, June 15th. Bank of America Corporation lowered shares of PACCAR from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $78.00 to $70.00 in a research note on Thursday, May 11th.
On June 15 the company was upgraded from "Neutral" to "Buy" in a statement from Goldman Sachs. Finally, Stifel Nicolaus restated a "buy" rating and set a $72.00 price objective (up previously from $64.00) on shares of PACCAR in a research note on Wednesday, July 26th. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The company now has a consensus rating of "Hold" and a consensus price target of $72.00.
In other news, insider T. Kyle Quinn sold 2,786 shares of the stock in a transaction on Tuesday, August 1st. The stock ended last trade at $29.40 a share and the price is up more than 24.21% so far this year.
Company shares last traded at $65.50 marginally under the 50 day moving average which is $67.13 and which is just a bit below the 200 day moving average of $66.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
The company is trading down by -2.55 percent from yesterday's close. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. It dived, as 42 investors sold PCAR shares while 178 reduced holdings. The company stands with 346.31 million outstanding shares and 343.88 million shares are floating in market.