In the liquidity ratio analysis; quick ratio for most recent quarter glanced at 4.60 while current ratio noted at 4.90. The percentage of shares being held by the company management was 0.1% while institutional stake was 99.6%.
Trading volume for PACCAR Inc. was 3,016K by the end of trading on Wednesday. Davis Selected Advisers increased its holdings in shares of PACCAR by 0.4% in the second quarter. The value of the company's investment in PACCAR Inc. increased from $1,644,000 to $1,763,000 a change of $119,000 since the last quarter. Taconic Capital Advisors Lp sold 15,000 shares as the company's stock rose 11.09% with the market. State of Alaska, Department of Revenue augmented its holdings by buying 1,070 shares an increase of 49.2%. Teacher Retirement System of Texas now owns 3,742 shares of the company's stock worth $247,000 after purchasing an additional 46 shares during the period. Sun Life Financial INC now owns 2,598 shares of the company's stock worth $172,000 after acquiring an additional 2,585 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of PACCAR by 0.3% in the second quarter. Voya Investment Llc owns 0.03% invested in PACCAR Inc (NASDAQ:PCAR) for 189,096 shares.
Several hedge funds have recently added to or reduced their stakes in PCAR. Finally, Royal Bank Of Canada restated a "buy" rating on shares of PACCAR in a research report on Friday, September 1st. BMO Capital Markets maintained the stock with "Buy" rating in Tuesday, September 5 report.
10/04/2017 - PACCAR Inc. was upgraded to "overweight" by analysts at JP Morgan. Analysts have a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company's stock. Zacks Investment Research raised PACCAR from a sell rating to a buy rating and set a $77.00 price objective for the company in a research note on Wednesday, July 12th. Following the completion of the transaction, the insider now directly owns 20,800 shares of the company's stock, valued at approximately $1,412,112.
Cormorant Asset Management Llc decreased Ardelyx Inc (ARDX) stake by 26% reported in 2017Q2 SEC filing. PACCAR has a 1-year low of $53.38 and a 1-year high of $74.79. "(NASDAQ:PCAR) Earns "Buy" Rating from UBS AG" was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. The stock has a market capitalization of $25.50 billion, a P/E ratio of 19.43 and a beta of 1.17.
Company shares last traded at $72.70 which is slightly above the 50 day moving average of $70.23 and which is just over the 200 day moving average of $66.77. PACCAR Inc (NASDAQ:PCAR), at its latest closing price of $72.69, it has a price-to-book ratio of 0.00, compared to an industry average at 0.55. The company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.07. PACCAR had a return on equity of 18.61% and a net margin of 7.77%. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company earned $1.06 EPS.
Looking forward, the company's quarterly earnings are expected to come at $0.2 in the three months through September 2017 and $0.05 in the quarter ending December 2017, reflecting -51.22% and 0% growth, respectively. As of the last earnings report the EPS was $3.74 and is projected to be $4.03 for the current year with 351,376,000 shares now outstanding. Investors of record on Tuesday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, November 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. PACCAR's dividend payout ratio is now 26.74%. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and global copyright and trademark law. The legal version of this report can be viewed at https://www.truebluetribune.com/2017/10/17/paccar-pcar-receiving-somewhat-favorable-press-coverage-analysis-shows.html.
07/26/2017 - PACCAR Inc. had its "buy" rating reiterated by analysts at Stifel Nicolaus.