Virtu KCG Holdings LLC Lowers Holdings in PACCAR Inc. (NASDAQ:PCAR)

Marco Green
October 19, 2017

Its position was worth $3,280,113,000 an increase of $298,869,000 as of quarter end. State of Alaska Department of Revenue now owns 2,175 shares of the company's stock worth $143,000 after acquiring an additional 500 shares during the period.

PACCAR Inc (NASDAQ:PCAR) ended its day at $72.69 with the rising stream of -0.33% and its total traded volume was 2.62 million shares more than the average volume. Accern also assigned media headlines about the company an impact score of 47.809196092038 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. Teacher Retirement System of Texas increased its holdings in shares of PACCAR by 1.2% in the second quarter. The stock had a trading volume of 968,268 shares. The total value of its holdings increased 628.6%. Principal Financial Group Inc. now owns 2,573,188 shares of the company's stock valued at $169,932,000 after buying an additional 2,038,761 shares during the period. Raymond James Trust N.A. lifted its position in PACCAR by 16.6% during the second quarter. The value of the investment in (PCAR) went from $4,454,000 to $4,642,000 a change of 4.2% quarter to quarter.

Several hedge funds have recently added to or reduced their stakes in PCAR. BidaskClub cut shares of PACCAR from a "sell" rating to a "strong sell" rating in a report on Saturday, June 24th. Baird reiterated a hold rating and issued a $80.00 target price on shares of PACCAR in a research report on Thursday, October 12th.

10/04/2017 - PACCAR Inc. was upgraded to "overweight" by analysts at JP Morgan.

PACCAR Inc. was covered by a number of analysts recently, 3 rated the stock as Buy, 13 rated Hold, 0 rated sell and 0 gave an Underperform. The forecast of 9 surveyed investment analysts covering the stock advises investors to Buy stake in the company. 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.

In other news, insider T. Kyle Quinn sold 2,786 shares of PACCAR stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $67.89, for a total transaction of $189,141.54. Following the sale, the insider now owns 20,800 shares of the company's stock, valued at approximately $1,412,112. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Caisse De Depot Et Placement Du Quebec invested 0% in PACCAR Inc (NASDAQ:PCAR). The company has a market capitalization of $25.55 billion, a P/E ratio of 19.46 and a beta of 1.17. The company has a 50 day moving average price of $66.13 and a 200-day moving average price of $66.04.

What Historical Figures Say About PACCAR Inc (NASDAQ: PCAR)? The dividend payment was $0.250 per share for the quarter which is $1.00 annualized.

PACCAR Inc. (PCAR) now has a Return on Assets (ROA) value of 6.2 Percent. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.29 billion. The average 1-year price target for (ARNC) reveals an average price target of $24.14 per share. The First Washington Corp holds 173,866 shares with $114.82M value, up from 128,866 last quarter. On average, equities research analysts expect that PACCAR Inc. will post $4.03 earnings per share for the current year. PACCAR Inc. also recently announced a dividend which was paid on Wednesday the 6th of September 2017. Miles owns 0.6% invested in PACCAR Inc (NASDAQ:PCAR) for 16,799 shares. The ex-dividend date was set for Monday the 14th of August 2017. This dividend represents a yield of $1.36. PACCAR's payout ratio is 26.74%.

TRADEMARK VIOLATION WARNING: This news story was first posted by Week Herald and is the property of of Week Herald. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and worldwide copyright and trademark law. The correct version of this news story can be read at Vanguard Group Inc. boosted its position in PACCAR by 5.0% in the 2nd quarter. The Company's segments include Truck, Parts and Financial Services.

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