Clarius Group buys $69,290,522 stake in PACCAR Inc (PCAR)

PACCAR Inc (PCAR) : Clarius Group scooped up 23,500 additional shares in PACCAR Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 1,236,889 shares of PACCAR Inc which is valued at $69,290,522.PACCAR Inc makes up approximately 37.77% of Clarius Group’s portfolio.

Other Hedge Funds, Including , Schroder Investment Management Group boosted its stake in PCAR in the latest quarter, The investment management firm added 29,464 additional shares and now holds a total of 39,145 shares of PACCAR Inc which is valued at $2,192,903.Liberty Mutual Group Asset Management boosted its stake in PCAR in the latest quarter, The investment management firm added 1,693 additional shares and now holds a total of 22,537 shares of PACCAR Inc which is valued at $1,251,705. PACCAR Inc makes up approx 0.05% of Liberty Mutual Group Asset Management’s portfolio.Cibc World Markets reduced its stake in PCAR by selling 1,706 shares or 4.9% in the most recent quarter. The Hedge Fund company now holds 33,090 shares of PCAR which is valued at $1,837,819. PACCAR Inc makes up approx 0.01% of Cibc World Markets’s portfolio. Bluecrest Capital Management Ltd sold out all of its stake in PCAR during the most recent quarter. The investment firm sold 33,882 shares of PCAR which is valued $1,881,806.Great West Life Assurance Co Can boosted its stake in PCAR in the latest quarter, The investment management firm added 9,228 additional shares and now holds a total of 207,183 shares of PACCAR Inc which is valued at $12,205,151. PACCAR Inc makes up approx 0.04% of Great West Life Assurance Co Can’s portfolio.

PACCAR Inc opened for trading at $56.13 and hit $57.23 on the upside on Monday, eventually ending the session at $57.01, with a gain of 1.77% or 0.99 points. The heightened volatility saw the trading volume jump to 19,65,592 shares. Company has a market cap of $19,980 M.

On the company’s financial health, PACCAR Inc reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.96. The company had revenue of $4010.60 million for the quarter, compared to analysts expectations of $4051.19 million. The company’s revenue was down -11.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.06 EPS.

Many Wall Street Analysts have commented on PACCAR Inc. PACCAR Inc was Upgraded by BofA/Merrill to ” Buy” on May 9, 2016. Company shares were Upgraded by Robert W. Baird on Apr 27, 2016 to ” Outperform”, Firm has raised the Price Target to $ 66 from a previous price target of $62 .Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 53 from a previous price target of $52 .

PACCAR Inc is a company operating in three principal industry segments: the Truck segment includes the design manufacture and distribution of light- medium- and heavy-duty commercial trucks; the Parts segment includes the distribution of aftermarket parts for trucks and related commercial vehicles and the Financial Services segment includes finance and leasing products and services provided to customers and dealers in the United States Canada Mexico Europe and Australia. The Company also operates in Australia and Brazil and sells trucks and parts to customers in Asia Africa Middle East and South America. The Company’s trucks are marketed under the Kenworth Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.

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