Sei Investments Co. Has $1.46 Million Stake in PACCAR Inc. (PCAR)
Sei Investments Co. reduced its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 88.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,204 shares of the company’s stock after selling 151,781 shares during the quarter. Sei Investments Co.’s holdings in PACCAR were worth $1,462,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PCAR. Boston Partners acquired a new position in shares of PACCAR in the 3rd quarter valued at approximately $155,973,000. Principal Financial Group Inc. grew its position in shares of PACCAR by 381.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,573,188 shares of the company’s stock valued at $169,932,000 after purchasing an additional 2,038,761 shares during the period. BlackRock Inc. grew its position in shares of PACCAR by 6.6% in the 2nd quarter. BlackRock Inc. now owns 25,508,314 shares of the company’s stock valued at $1,684,572,000 after purchasing an additional 1,572,038 shares during the period. Renaissance Technologies LLC acquired a new position in shares of PACCAR in the 2nd quarter valued at approximately $82,298,000. Finally, Vanguard Group Inc. grew its position in shares of PACCAR by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 24,555,355 shares of the company’s stock valued at $1,621,636,000 after purchasing an additional 1,164,896 shares during the period. Institutional investors own 62.36% of the company’s stock.
In other news, VP C Michael Dozier sold 3,618 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $69.02, for a total transaction of $249,714.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark C. Pigott sold 98,956 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $71.37, for a total value of $7,062,489.72. Following the sale, the insider now owns 2,985,401 shares in the company, valued at approximately $213,068,069.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,598 shares of company stock worth $7,597,908. Company insiders own 2.64% of the company’s stock.
PCAR has been the subject of several research analyst reports. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, September 5th. Buckingham Research initiated coverage on PACCAR in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $65.00 price objective for the company. ValuEngine upgraded PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Royal Bank Of Canada reiterated a “buy” rating on shares of PACCAR in a research report on Friday, September 1st. Finally, Deutsche Bank reiterated a “hold” rating and issued a $78.00 price objective (up from $75.00) on shares of PACCAR in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company’s stock. PACCAR has an average rating of “Hold” and a consensus price target of $75.60.
Shares of PACCAR Inc. (NASDAQ:PCAR) opened at $70.12 on Thursday. PACCAR Inc. has a 12 month low of $61.93 and a 12 month high of $75.68. The stock has a market capitalization of $24,672.49, a P/E ratio of 17.99, a PEG ratio of 1.68 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.40 and a current ratio of 2.56.
PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. research analysts forecast that PACCAR Inc. will post 4.18 earnings per share for the current year.
The business also recently disclosed a dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, December 13th. PACCAR’s dividend payout ratio is currently 25.64%.
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PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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