Nisa Investment Advisors LLC Has $10.66 Million Stake in PACCAR Inc. (PCAR)

Nisa Investment Advisors LLC decreased its stake in PACCAR Inc. (NASDAQ:PCAR) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 162,169 shares of the company’s stock after selling 2,370 shares during the period. Nisa Investment Advisors LLC’s holdings in PACCAR were worth $10,657,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Madrona Financial Services LLC boosted its stake in shares of PACCAR by 0.7% in the first quarter. Madrona Financial Services LLC now owns 5,527 shares of the company’s stock valued at $371,000 after buying an additional 40 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of PACCAR by 0.9% in the first quarter. Cleararc Capital Inc. now owns 8,594 shares of the company’s stock valued at $578,000 after buying an additional 80 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of PACCAR by 6.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,588 shares of the company’s stock valued at $107,000 after buying an additional 95 shares during the last quarter. Cadence Capital Management LLC boosted its stake in shares of PACCAR by 1.0% in the first quarter. Cadence Capital Management LLC now owns 10,010 shares of the company’s stock valued at $673,000 after buying an additional 97 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of PACCAR by 0.6% in the first quarter. Creative Planning now owns 17,705 shares of the company’s stock valued at $1,190,000 after buying an additional 103 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors.

Shares of PACCAR Inc. (NASDAQ:PCAR) traded down 0.61% during trading on Friday, hitting $64.81. 1,497,840 shares of the stock were exchanged. The stock’s 50 day moving average price is $67.26 and its 200 day moving average price is $66.54. PACCAR Inc. has a one year low of $53.38 and a one year high of $70.32. The stock has a market cap of $22.77 billion, a PE ratio of 17.35 and a beta of 1.14.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, July 25th. 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 business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts predict that PACCAR Inc. will post $4.00 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. PACCAR’s dividend payout ratio (DPR) is 26.74%.

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Several equities analysts recently issued reports on PCAR shares. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 target price on shares of PACCAR in a report on Thursday, April 20th. BidaskClub raised shares of PACCAR from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Piper Jaffray Companies lowered shares of PACCAR from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $72.00 to $66.00 in a report on Tuesday, April 18th. Zacks Investment Research lowered shares of PACCAR from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Barclays PLC set a $56.00 price objective on shares of PACCAR and gave the company a “sell” rating in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $72.00.

In other news, insider T. Kyle Quinn sold 2,786 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $67.89, for a total value of $189,141.54. Following the sale, the insider now directly owns 20,800 shares in the company, valued at $1,412,112. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.64% of the company’s stock.

PACCAR Company Profile

PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. 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.

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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