Alps Advisors Inc. Has $402,000 Holdings in PACCAR Inc (PCAR)
Alps Advisors Inc. lowered its position in shares of PACCAR Inc (NASDAQ:PCAR) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,905 shares of the company’s stock after selling 541 shares during the quarter. Alps Advisors Inc.’s holdings in PACCAR were worth $402,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in PACCAR during the 1st quarter worth $42,000. Berman Capital Advisors LLC purchased a new position in shares of PACCAR in the 4th quarter valued at about $43,000. Lindbrook Capital LLC purchased a new position in shares of PACCAR in the 4th quarter valued at about $47,000. Quadrant Capital Group LLC increased its holdings in shares of PACCAR by 45.6% in the 1st quarter. Quadrant Capital Group LLC now owns 913 shares of the company’s stock valued at $56,000 after purchasing an additional 286 shares in the last quarter. Finally, American Research & Management Co. purchased a new position in shares of PACCAR in the 1st quarter valued at about $68,000. Institutional investors own 62.37% of the company’s stock.
Shares of PCAR opened at $69.89 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.49 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $23.96 billion, a PE ratio of 11.20, a P/E/G ratio of 1.20 and a beta of 1.24. PACCAR Inc has a 52-week low of $53.43 and a 52-week high of $73.00.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, May 13th. This represents a $1.28 annualized dividend and a yield of 1.83%. PACCAR’s dividend payout ratio (DPR) is currently 20.51%.
In other PACCAR news, VP David J. Danforth sold 4,315 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $70.69, for a total transaction of $305,027.35. Following the completion of the transaction, the vice president now directly owns 7,286 shares in the company, valued at approximately $515,047.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R Preston Feight sold 3,226 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $68.73, for a total transaction of $221,722.98. The disclosure for this sale can be found here. Insiders have sold a total of 16,047 shares of company stock valued at $1,111,919 over the last 90 days. 2.32% of the stock is currently owned by insiders.
A number of brokerages have recently issued reports on PCAR. BidaskClub downgraded shares of PACCAR from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Piper Jaffray Companies increased their price target on shares of PACCAR to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 5th. They noted that the move was a valuation call. Robert W. Baird upgraded shares of PACCAR from a “neutral” rating to an “outperform” rating and set a $66.32 price target for the company in a report on Thursday, February 7th. Credit Suisse Group reiterated a “hold” rating and issued a $63.00 price target on shares of PACCAR in a report on Tuesday, January 22nd. Finally, Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Friday, May 10th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $66.93.
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PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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