Northwest & Ethical Investments L.P. Invests $1.34 Million in PACCAR Inc. $PCAR

Northwest & Ethical Investments L.P. purchased a new stake in PACCAR Inc. (NASDAQ:PCAR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,078 shares of the company’s stock, valued at approximately $1,338,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PCAR. Hazlett Burt & Watson Inc. grew its stake in PACCAR by 53.8% during the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock worth $28,000 after buying an additional 100 shares during the period. Bayforest Capital Ltd boosted its position in PACCAR by 234.2% during the 1st quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock worth $38,000 after purchasing an additional 274 shares during the period. Accent Capital Management LLC acquired a new stake in PACCAR in the 1st quarter valued at $40,000. Hantz Financial Services Inc. raised its position in PACCAR by 43.8% in the second quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $42,000 after purchasing an additional 134 shares during the period. Finally, Marshall & Sullivan Inc. WA purchased a new position in PACCAR in the second quarter valued at about $43,000. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Stock Performance

PACCAR stock opened at $104.95 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.82 and a quick ratio of 1.51. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81. The company has a fifty day moving average price of $98.21 and a two-hundred day moving average price of $97.31. The company has a market cap of $55.12 billion, a PE ratio of 20.54, a P/E/G ratio of 4.11 and a beta of 0.95.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). PACCAR had a return on equity of 16.01% and a net margin of 9.11%.The company had revenue of $7.24 billion for the quarter, compared to analyst estimates of $6.23 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. Research analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.32 annualized dividend and a yield of 1.3%. PACCAR’s dividend payout ratio is presently 25.83%.

Insider Transactions at PACCAR

In other PACCAR news, CFO Brice J. Poplawski sold 3,369 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $101.15, for a total transaction of $340,774.35. Following the sale, the chief financial officer directly owned 468 shares in the company, valued at approximately $47,338.20. The trade was a 87.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Raymond James Financial reiterated a “market perform” rating on shares of PACCAR in a research note on Tuesday, October 21st. JPMorgan Chase & Co. upped their price target on PACCAR from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $90.00 price objective on shares of PACCAR in a research report on Tuesday, October 21st. Weiss Ratings cut shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, UBS Group set a $103.00 target price on shares of PACCAR and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, PACCAR has an average rating of “Hold” and a consensus target price of $106.54.

PACCAR 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.