Gateway Investment Advisers LLC Has $1.53 Million Position in PACCAR Inc. (PCAR)

Alain Brian
Juillet 21, 2017

The institutional investor held 35,424 shares of the auto manufacturing company at the end of 2016Q4, valued at $2.26 million, down from 47,171 at the end of the previous reported quarter. The firm has a market capitalization of $24.00 billion, a P/E ratio of 16.89 and a beta of 1.14. About 365,199 shares traded. Landscape Capital Management Llc acquired 5,736 shares as Paccar Inc (PCAR)'s stock declined 8.74%. It has outperformed by 3.23% the S&P500.

Lyons Wealth Management Llc increased its stake in Home Depot Inc (HD) by 202.4% based on its latest 2016Q4 regulatory filing with the SEC. Benjamin F. Edwards & Company Inc. now owns 1,588 shares of the company's stock worth $107,000 after buying an additional 95 shares in the last quarter. First Republic Mngmt Inc reported 0.01% of its portfolio in PACCAR Inc (NASDAQ:PCAR). The company had a trading volume of 176,682 shares. About 673,955 shares traded.

Analyst research firms are expressing bullish stance on PACCAR Inc (NASDAQ:PCAR)'s near-term growth potential. Paccar Inc had 55 analyst reports since July 30, 2015 according to SRatingsIntel.

05/11/2017 - PACCAR Inc. was downgraded to " by analysts at Bank of America Merrill Lynch. They now have a Dollars 75 price target on the stock. The stock has "Buy" rating by RBC Capital Markets on Wednesday, May 31. The firm has "Hold" rating given on Tuesday, October 6 by Stifel Nicolaus. On Friday, October 9 the stock rating was downgraded by JP Morgan to "Neutral". Royal Bank of Canada reiterated a "buy" rating and set a $75.00 price target on shares of PACCAR in a research note on Wednesday, March 22nd.

A number of brokerages recently weighed in on PCAR. Nytimes.com's article titled: "Stretched Supply Chain Curbs Volvo Margins as Demand for Trucks Surges" and published on July 19, 2017 is yet another important article. They expect $0.98 earnings per share, down 7.55% or $0.08 from last year's $1.06 per share. The company reported $0.88 earnings per share for the quarter, meeting analysts' consensus estimates of $0.88.

Since February 3, 2017, it had 0 insider purchases, and 7 selling transactions for $6.18 million activity. 5,314 shares were sold by SCHIPPERS HARRIE, worth $364,846 on Friday, February 10.

In related news, VP Alma Lily Ley sold 904 shares of the stock in a transaction that occurred on Wednesday, May 3rd. Also, the equity price jumped 6.15% % in three months, taking the six-month increase to 3.35% as of recent close. BARKLEY MICHAEL T also sold $609,243 worth of PACCAR Inc (NASDAQ:PCAR) shares. $1.40 million worth of stock was sold by Bengston Robert A. on Thursday, February 9. The average daily volatility for the week was at 1.18%, which was -0.54 lower than that in the past month. It dropped, as 42 investors sold PCAR shares while 178 reduced holdings. 64 funds opened positions while 140 raised stakes. 210.22 million shares or 1.97% more from 206.16 million shares in 2016Q3 were reported. Dubuque National Bank & Trust invested 0% of its portfolio in PACCAR Inc (NASDAQ:PCAR). Brighton Jones Lc holds 4,072 shares. Last session PACCAR Inc RSI was seen at 68.13. Macquarie Grp Inc owns 10,200 shares or 0% of their United States portfolio. Glenmede Tru Na stated it has 3,009 shares. Sumitomo Mitsui Asset Co stated it has 26,059 shares or 0.03% of all its holdings. (NASDAQ PCAR) traded down 0.18% during trading on Wednesday, reaching $68.33. Ls Inv Limited Liability Company owns 14,386 shares for 0.06% of their portfolio. Moore Cap Lp has invested 0.1% of its portfolio in PACCAR Inc (NASDAQ:PCAR). (NYSE:HD), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 65% are positive. The stock has "Buy" rating by Argus Research on Wednesday, August 17. Seaport Global Securities restated a "buy" rating and set a $80.00 price target on shares of PACCAR in a research report on Thursday, April 6th. The company was maintained on Thursday, July 6 by UBS. On Monday, December 7 the stock rating was maintained by Credit Suisse with "Outperform". Jefferies maintained the stock with "Buy" rating in Friday, May 13 report. TH Capital maintained it with "Neutral" rating and $1.90 target in Wednesday, November 18 report. Darden Restaurants Inc (NYSE:DRI) was reduced too.

Investors sentiment decreased to 0.8 in 2016 Q4. 838.20 million shares or 0.09% more from 837.48 million shares in 2016Q3 were reported. Summit Securities Group Inc Llc holds 0.05% in Home Depot Inc (NYSE:HD) or 1,600 shares. Laurion Cap Ltd Partnership accumulated 40,809 shares. Wellington Management Group LLP now owns 2,528,355 shares of the company's stock worth $169,906,000 after buying an additional 239,897 shares during the last quarter.

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