Renaissance Technologies LLC acquired a new position in shares of PACCAR during the second quarter worth approximately $82,298,000. (NASDAQ:PCAR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). World Asset Management Inc's holdings in PACCAR were worth $2,132,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. State of Alaska Department of Revenue upped its stake in PACCAR by 29.9% in the Fiscal Q2. Perkins Coie Trust Co now owns 2,282 shares of the company's stock valued at $151,000 after buying an additional 1,157 shares during the period. The company had a trading volume of 1,535,750 shares. Finally, Private Advisor Group LLC bought a new position in PACCAR during the first quarter valued at about $175,000. PACCAR Inc. has a 12-month low of $53.38 and a 12-month high of $70.32.
PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, July 25th. PACCAR Inc. The company has a 50-day moving average of $67.20 and a 200-day moving average of $66.55. The company has market cap of $22.91 billion.
PACCAR Inc (PCAR) stock price is at a -7.27% downfall to its 52-week high and above 24.38% to a 52-week low. The firm owned 1,944 shares of the company's stock at the end of the second quarter. Next quarter's EPS is forecasted to be $0.99 with next year's EPS projected to be $4.37.
ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.29 billion. The company's quarterly revenue was up 6.9% compared to the same quarter previous year.
On average, analysts expect that PACCAR will report full-year sales of $4.55 billion for the current year, with estimates ranging from $16.91 billion to $18.02 billion. PACCAR Inc. also declared a dividend for shareholders payable on Wednesday the 6th of September 2017. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. The ex-dividend date will be on Wednesday May 17th, 2017. PACCAR's payout ratio is 26.74%.
Rudolph Technologies, Inc. (RTEC) Upgraded by BidaskClub to Hold
Finally, Legato Capital Management LLC raised its position in Rudolph Technologies by 2,140.0% in the first quarter. Analysts await Canadian Imperial Bank of Commerce (USA) (NYSE:CM) to report earnings on August, 24 before the open.
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PCAR has been the subject of several research reports. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $72.00 target price (up from $64.00) on shares of PACCAR in a report on Wednesday, July 26th.
A number of research analysts have recently issued reports on the company. UBS AG lifted shares of PACCAR from a "neutral" recommendation to a "buy" recommendation and raised the price objective for the share from $66.00 to $75.00 in a study note on early Tue, Jun 6th. July 27 investment analysts at Barclays left the stock rating at "Underweight" and raised the price target from $42.00 to $47.00. (The) upgraded PACCAR from a "neutral" rating to a "buy" rating and set a $79.00 target price for the company in a report on Thursday, June 15th. The company now has a consensus rating of "Hold" and a consensus price target of $72.00.
In other PACCAR news, insider T. Kyle Quinn sold 2,786 shares of PACCAR stock in a transaction dated Tuesday, August 1st. The stock was unloaded at a price range of of $67.89, amounting to $189,141.54. after the closing of the transaction the executive now has 20,800 stocks in the company, assessed at roughly $1,412,112. Bank of Montreal Can now owns 1,017,317 shares of the company's stock valued at $68,364,000 after buying an additional 5,804 shares during the period. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The investment company owned 171,985 stocks of the firms shares after scooping up an extra 30,994 shares through out the quarter. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.
PACCAR Inc (PCAR) shares are down -3.55% for the week and that has got investors and traders sitting up and taking note. 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.