Quadrant Capital Group LLC Has $167,000 Stock Position in PACCAR Inc (NASDAQ:PCAR)

Quadrant Capital Group LLC increased its stake in shares of PACCAR Inc (NASDAQ:PCARGet Rating) by 8.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,901 shares of the company’s stock after buying an additional 142 shares during the period. Quadrant Capital Group LLC’s holdings in PACCAR were worth $167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strs Ohio lifted its position in PACCAR by 248.8% during the 1st quarter. Strs Ohio now owns 36,649 shares of the company’s stock worth $3,227,000 after buying an additional 26,142 shares in the last quarter. IFM Investors Pty Ltd lifted its position in PACCAR by 16.4% during the 1st quarter. IFM Investors Pty Ltd now owns 51,803 shares of the company’s stock worth $4,562,000 after buying an additional 7,315 shares in the last quarter. Savant Capital LLC acquired a new position in PACCAR during the 4th quarter worth about $203,000. AE Wealth Management LLC lifted its position in PACCAR by 303.0% during the 1st quarter. AE Wealth Management LLC now owns 51,268 shares of the company’s stock worth $4,515,000 after buying an additional 38,545 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in PACCAR by 62.5% during the 1st quarter. Brookstone Capital Management now owns 12,108 shares of the company’s stock valued at $1,000,000 after purchasing an additional 4,656 shares during the period. Institutional investors and hedge funds own 63.56% of the company’s stock.

Insider Buying and Selling

In related news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $91.50, for a total transaction of $183,000.00. Following the completion of the sale, the vice president now directly owns 2,119 shares of the company’s stock, valued at approximately $193,888.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.05% of the stock is owned by company insiders.

PACCAR Price Performance

NASDAQ PCAR opened at $91.13 on Friday. The business has a 50 day simple moving average of $85.00 and a 200 day simple moving average of $86.99. PACCAR Inc has a 52-week low of $77.00 and a 52-week high of $97.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.07 and a current ratio of 2.62. The stock has a market cap of $31.68 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 1.17 and a beta of 0.89.

PACCAR (NASDAQ:PCARGet Rating) last posted its earnings results on Tuesday, July 26th. The company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.26. PACCAR had a return on equity of 18.64% and a net margin of 8.68%. The business had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.57 billion. During the same period in the prior year, the business earned $1.41 EPS. PACCAR’s revenue for the quarter was up 26.0% compared to the same quarter last year. Analysts anticipate that PACCAR Inc will post 7.73 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $1.36 dividend on an annualized basis and a yield of 1.49%. PACCAR’s payout ratio is 21.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PCAR shares. Cowen cut their target price on shares of PACCAR from $100.00 to $92.00 in a research report on Thursday, July 7th. StockNews.com upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Monday, May 2nd. Credit Suisse Group upped their target price on shares of PACCAR from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. JPMorgan Chase & Co. cut their target price on shares of PACCAR from $106.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Finally, Morgan Stanley upped their target price on shares of PACCAR from $75.00 to $81.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.69.

About PACCAR

(Get Rating)

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, 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.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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