Hi,
moomoo ID:NaN
Log Out
English
Back
Log in to access Online Inquiry

PACCAR Inc (NASDAQ:PCAR) Shares Sold by Carnegie Capital Asset Management LLC

Defense World ·  {{timeTz}}

Carnegie Capital Asset Management LLC cut its stake in shares of PACCAR Inc (NASDAQ:PCAR – Get Rating) by 8.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,761 shares of the company's stock after selling 955 shares during the period. Carnegie Capital Asset Management LLC's holdings in PACCAR were worth $960,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Unison Advisors LLC boosted its stake in shares of PACCAR by 2.1% in the second quarter. Unison Advisors LLC now owns 22,623 shares of the company's stock valued at $1,863,000 after purchasing an additional 476 shares during the period. Allworth Financial LP lifted its holdings in PACCAR by 42.0% in the 2nd quarter. Allworth Financial LP now owns 761 shares of the company's stock worth $63,000 after buying an additional 225 shares in the last quarter. Hudson Capital Management LLC boosted its position in PACCAR by 7.7% in the 2nd quarter. Hudson Capital Management LLC now owns 28,912 shares of the company's stock valued at $2,381,000 after buying an additional 2,055 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of PACCAR by 60.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,625 shares of the company's stock valued at $2,851,000 after acquiring an additional 13,016 shares in the last quarter. Finally, Exane Derivatives purchased a new stake in shares of PACCAR during the second quarter worth about $340,000. Hedge funds and other institutional investors own 64.17% of the company's stock.

Get PACCAR alerts:

Insider Buying and Selling

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the firm's stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $91.50, for a total value of $183,000.00. Following the completion of the transaction, the vice president now directly owns 2,119 shares in the company, valued at $193,888.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.05% of the stock is currently owned by company insiders.

PACCAR Stock Performance

Shares of PCAR stock opened at $84.90 on Friday. The business has a 50 day moving average of $88.72 and a two-hundred day moving average of $86.19. The company has a market cap of $29.52 billion, a P/E ratio of 13.39, a PEG ratio of 1.11 and a beta of 0.89. The company has a quick ratio of 2.36, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. PACCAR Inc has a 52 week low of $77.00 and a 52 week high of $97.56.

PACCAR (NASDAQ:PCAR – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.26. PACCAR had a net margin of 8.68% and a return on equity of 18.64%. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. The firm's quarterly revenue was up 26.0% compared to the same quarter last year. As a group, analysts anticipate that PACCAR Inc will post 7.73 EPS for the current year.

PACCAR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 15th will be given a $0.37 dividend. This is a positive change from PACCAR's previous quarterly dividend of $0.34. The ex-dividend date is Monday, November 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.74%. PACCAR's dividend payout ratio (DPR) is 21.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PCAR shares. Deutsche Bank Aktiengesellschaft raised their price objective on PACCAR from $94.00 to $97.00 in a research note on Wednesday, July 27th. JPMorgan Chase & Co. dropped their price target on shares of PACCAR from $106.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, July 12th. Cowen cut their price target on shares of PACCAR from $100.00 to $92.00 in a report on Thursday, July 7th. Vertical Research lowered shares of PACCAR from a "buy" rating to a "hold" rating and raised their price objective for the stock from $100.00 to $102.00 in a report on Wednesday, August 17th. Finally, Credit Suisse Group increased their price target on shares of PACCAR from $102.00 to $104.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PACCAR presently has a consensus rating of "Moderate Buy" and an average price target of $95.21.

PACCAR Profile

(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.

Featured Stories

  • Get a free copy of the StockNews.com research report on PACCAR (PCAR)
  • What Steelcase's Earnings Say About the Return to the Office?
  • The Institutions Hold On To Darden Restaurants International
  • These 3 Big Dividend Payers Also Boast Strong Price Growth
  • Is The Golden Age Of Homebuilding Already Over?
  • Natural Gas Prices Continue To Rally, These Stocks Should Benefit

Want to see what other hedge funds are holding PCAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PACCAR Inc (NASDAQ:PCAR – Get Rating).

Receive News & Ratings for PACCAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.