UMB Bank N A MO held its stake in Paccar Inc. (NASDAQ:PCAR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,339 shares of the company’s stock at the end of the second quarter. UMB Bank N A MO’s holdings in Paccar were worth $1,729,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. Boston Advisors LLC boosted its stake in Paccar by 3.0% in the second quarter. Boston Advisors LLC now owns 7,575 shares of the company’s stock worth $393,000 after buying an additional 220 shares during the last quarter. PGGM Investments boosted its stake in Paccar by 15.6% in the second quarter. PGGM Investments now owns 561,127 shares of the company’s stock worth $29,106,000 after buying an additional 75,863 shares during the last quarter. Tufton Capital Management boosted its stake in Paccar by 54.3% in the second quarter. Tufton Capital Management now owns 66,781 shares of the company’s stock worth $3,464,000 after buying an additional 23,507 shares during the last quarter. Strs Ohio boosted its stake in Paccar by 20.5% in the second quarter. Strs Ohio now owns 8,399 shares of the company’s stock worth $435,000 after buying an additional 1,430 shares during the last quarter. Finally, Grimes & Company Inc. boosted its stake in Paccar by 4.1% in the second quarter. Grimes & Company Inc. now owns 40,847 shares of the company’s stock worth $2,119,000 after buying an additional 1,609 shares during the last quarter. 62.23% of the stock is owned by institutional investors.
Paccar Inc. (NASDAQ:PCAR) traded down 0.89% during midday trading on Friday, hitting $57.93. The stock had a trading volume of 1,437,410 shares. Paccar Inc. has a one year low of $43.46 and a one year high of $60.86. The firm has a 50 day moving average price of $58.36 and a 200 day moving average price of $55.74. The stock has a market cap of $20.31 billion, a PE ratio of 30.75 and a beta of 1.49.
Paccar (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.04. The business earned $4.12 billion during the quarter, compared to the consensus estimate of $4.17 billion. Paccar had a return on equity of 21.92% and a net margin of 3.71%. The business’s revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. Equities analysts expect that Paccar Inc. will post $3.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 16th. This represents a $0.96 annualized dividend and a dividend yield of 1.66%. Paccar’s dividend payout ratio is presently 51.34%.
A number of analysts have weighed in on the company. Deutsche Bank AG assumed coverage on Paccar in a research report on Tuesday, September 6th. They set a “hold” rating and a $63.00 price objective for the company. Jefferies Group increased their price objective on Paccar from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, September 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $57.00 price objective on shares of Paccar in a research report on Friday, July 29th. Zacks Investment Research raised Paccar from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Barclays PLC set a $47.00 target price on Paccar and gave the stock a “sell” rating in a research note on Wednesday, July 27th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $55.93.
PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.
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