Point72 Asset Management LP Grows Position in PACCAR Inc. (PCAR)

Currently, the 14-day ADX for Paccar Inc (PCAR) is sitting at 14.91. Renaissance Technologies LLC bought a new position in shares of PACCAR in the second quarter worth about $82,298,000. Point72 Asset Management L.P. owned 0.26% of PACCAR worth $66,484,000 at the end of the most recent reporting period. Vanguard Group Inc. increased its position in PACCAR by 5.0% in the second quarter. BlackRock Inc. lifted its holdings in PACCAR by 6.6% during the 2nd quarter. BlackRock Inc. now owns 25,508,314 shares of the company's stock valued at $1,684,572,000 after buying an additional 1,572,038 shares during the period.

Schroder Investment Management Group cut its stake in PACCAR Inc. BlueMountain Capital Management LLC acquired a new position in shares of PACCAR during the 2nd quarter valued at $2,771,000. Vanguard Group Inc. now owns 24,555,355 shares of the company's stock worth $1,621,636,000 after buying an additional 1,164,896 shares during the last quarter.

Investors studying the fundamentals might be conducting in-depth company research before deciding when to purchase a particular stock.

PCAR has been the topic of several analyst reports. Royal Bank of Canada reiterated a "buy" rating on shares of PACCAR in a research note on Friday, September 1st. Wells Fargo & Co raised their price objective on shares of PACCAR from $74.00 to $77.00 and gave the company a "market perform" rating in a research report on Friday, October 6th. Finally, Robert W. Baird lowered PACCAR from an "outperform" rating to a "neutral" rating and raised their price target for the company from $60.00 to $62.00 in a research note on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company's stock. PACCAR presently has an average rating of "Hold" and an average target price of $68.27.

In other PACCAR news, insider Mark C. Pigott sold 98,956 shares of the stock in a transaction on Friday, November 3rd. The current rate undoubtedly measures the productivity of the firm's investment alongside the indications on the stability of the company's share price. Principal Financial Group Inc. now owns 2,573,188 shares of the company's stock valued at $169,932,000 after purchasing an additional 2,038,761 shares during the last quarter. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

In other news, VP Alma Lily Ley sold 4,024 shares of the business's stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $69.02, for a total transaction of $249,714.36. Following the completion of the sale, the vice president now directly owns 24,319 shares in the company, valued at approximately $1,726,649. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,598 shares of company stock valued at $7,597,908.

News headlines about PACCAR (NASDAQ:PCAR) have trended somewhat positive on Monday, AlphaOne Sentiment reports.

PACCAR (NASDAQ:PCAR) traded up 3.00% during trading on Monday, reaching $67.73. The stock has a market cap of $25,070.00, a PE ratio of 18.24, a P/E/G ratio of 1.70 and a beta of 1.22. The current ratio is valued at 4.8 with a quick ratio of 4.5. PACCAR has a 1-year low of $48.17 and a 1-year high of $70.12.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.08 by $0.06. The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.57 billion.

Return on assets for PACCAR Inc is valued at 6.30%, outlining the total sum of profit the company cultivates as a percentage of the value of its total assets. The firm's revenue for the quarter was up 19.7% on a year-over-year basis. Shareholders of record on Thursday, December 14th will be paid a $1.20 dividend. This represents a yield of 1.4%. (PCAR) Ex-Dividend Date Scheduled for December 13, 2017" with publication date: "December 12, 2017 was also an interesting one. PACCAR's dividend payout ratio is now 25.64%. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of U.S. & global copyright laws. The amount will help investors make financial decisions, to compare PACCAR Inc profitability or the efficiency on various investments. It operates in three divisions: Truck, Parts, and Financial Services.

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