PACCAR Inc (PCAR) : Madrona Financial Services scooped up 23 additional shares in PACCAR Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 5,444 shares of PACCAR Inc which is valued at $314,391.PACCAR Inc makes up approximately 0.32% of Madrona Financial Services’s portfolio.
Other Hedge Funds, Including , Everence Capital Management Inc boosted its stake in PCAR in the latest quarter, The investment management firm added 2,550 additional shares and now holds a total of 6,216 shares of PACCAR Inc which is valued at $358,974. PACCAR Inc makes up approx 0.11% of Everence Capital Management Inc’s portfolio.Concert Wealth Management reduced its stake in PCAR by selling 1,299 shares or 8.46% in the most recent quarter. The Hedge Fund company now holds 14,048 shares of PCAR which is valued at $828,411. PACCAR Inc makes up approx 0.11% of Concert Wealth Management’s portfolio.Pggm Investments boosted its stake in PCAR in the latest quarter, The investment management firm added 75,863 additional shares and now holds a total of 561,127 shares of PACCAR Inc which is valued at $33,151,383. PACCAR Inc makes up approx 0.16% of Pggm Investments’s portfolio.Daiwa Securities Group boosted its stake in PCAR in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 8,587 shares of PACCAR Inc which is valued at $507,320.
PACCAR Inc closed down -0.4 points or -0.69% at $57.35 with 23,83,255 shares getting traded on Thursday. Post opening the session at $57.78, the shares hit an intraday low of $57.12 and an intraday high of $58.04 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, PACCAR Inc reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.02. The company had revenue of $4115.80 million for the quarter, compared to analysts expectations of $4119.27 million. The company’s revenue was down -14.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.26 EPS.
Investors should note that on Jul 11, 2016, PACCAR Inc announced a cash dividend of $0.2400. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 2, 2016.
Many Wall Street Analysts have commented on PACCAR Inc. Longbow Downgraded PACCAR Inc on Jul 19, 2016 to ” Underperform”, Price Target of the shares are set at $44.PACCAR Inc was Downgraded by JP Morgan to ” Underweight” on Jun 27, 2016. PACCAR Inc was Downgraded by Goldman to ” Neutral” on Jun 3, 2016.
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 Companys trucks are marketed under the Kenworth Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.