As Pnm Res (PNM) Share Value Rose, Holder Hotchkis & Wiley Capital Management Upped Its Holding; Stifel Financial Has Decreased Position in Paccar (PCAR) as Share Price Rose

September 14, 2018 - By Rene Emery

PACCAR Inc (NASDAQ:PCAR) Logo

Hotchkis & Wiley Capital Management Llc increased its stake in Pnm Res Inc (PNM) by 130.96% based on its latest 2018Q2 regulatory filing with the SEC. Hotchkis & Wiley Capital Management Llc bought 55,898 shares as the company’s stock rose 10.46% with the market. The institutional investor held 98,582 shares of the public utilities company at the end of 2018Q2, valued at $3.84M, up from 42,684 at the end of the previous reported quarter. Hotchkis & Wiley Capital Management Llc who had been investing in Pnm Res Inc for a number of months, seems to be bullish on the $3.17B market cap company. The stock increased 0.13% or $0.05 during the last trading session, reaching $39.8. About 103,360 shares traded. PNM Resources, Inc. (NYSE:PNM) has declined 5.71% since September 14, 2017 and is downtrending. It has underperformed by 21.33% the S&P500. Some Historical PNM News: 13/03/2018 – PNM RESOURCES INC – EXPECTED TO AFFIRM COMPANY’S 2018 CONSOLIDATED EARNINGS GUIDANCE OF $1.82 TO $1.92 PER DILUTED SHARE; 08/03/2018 – PNM CEO PATRICIA VINCENT-COLLAWN SPEAKS AT CERAWEEK; 19/03/2018 – PNM SEES REAFFIRMING FORECASTS FOR ’18, ’19 IN INVESTORS MTGS; 30/05/2018 – Texas power demand breaks May daily record during heat wave -ERCOT; 20/04/2018 – DJ PNM Resources Inc, Inst Holders, 1Q 2018 (PNM); 15/05/2018 – PNM RESOURCES SAYS UNIT ISSUED $350 MLN IN SENIOR UNSECURED NOTES – SEC FILING; 13/03/2018 – PNM RESOURCES INC – 2019 CONSOLIDATED EARNINGS GUIDANCE OF $2.04 TO $2.16/DILUTED SHARE; 27/04/2018 – PNM RESOURCES INC – QTRLY TOTAL ELECTRIC OPERATING REVENUES $317.9 MLN VS $330.2 MLN; 27/04/2018 – PNM RESOURCES INC PNM.N SEES FY 2019 SHR $2.04 TO $2.16 FROM CONTINUING OPERATIONS; 27/04/2018 – PNM Resources Affirms 2018 and 2019 Ongoing Earnings Guidance

Stifel Financial Corp decreased its stake in Paccar Inc (PCAR) by 32.75% based on its latest 2018Q2 regulatory filing with the SEC. Stifel Financial Corp sold 42,395 shares as the company’s stock rose 8.80% with the market. The institutional investor held 87,040 shares of the auto manufacturing company at the end of 2018Q2, valued at $5.39 million, down from 129,435 at the end of the previous reported quarter. Stifel Financial Corp who had been investing in Paccar Inc for a number of months, seems to be less bullish one the $24.60B market cap company. The stock increased 0.40% or $0.28 during the last trading session, reaching $70.17. About 730,328 shares traded. PACCAR Inc (NASDAQ:PCAR) has risen 4.81% since September 14, 2017 and is uptrending. It has underperformed by 10.81% the S&P500. Some Historical PCAR News: 24/04/2018 – Paccar 1Q EPS $1.45; 01/05/2018 – PACCAR BOOSTS REGULAR QTRLY CASH DIV; 19/04/2018 – Moody’s Affirms A1 Long-term Rating for Paccar Financial Corp., Paccar Financial Europe and Paccar Financial PLC; 24/04/2018 – Paccar 1Q Net $512.1M; 24/04/2018 – PACCAR Achieves Record Quarterly Revenues and Excellent Profits; 24/04/2018 – PACCAR – IN 2018, CAPEX OF $425-$475 MLN AND RESEARCH AND DEVELOPMENT EXPENSES OF $300-$320 MLN TARGETED FOR NEW TRUCK MODELS, OTHERS; 24/04/2018 – PACCAR INCREASED EST OF YR CLASS 8 TRUCK INDUSTRY RETAIL SALES; 23/04/2018 – DJ PACCAR Inc, Inst Holders, 1Q 2018 (PCAR); 19/04/2018 – Moody’s Affirms A1 Long-term Rating Of Paccar’s Supported Subsidiaries; Outlook Is Stable; 24/04/2018 – Paccar 1Q Parts Revenue $939.9M

Investors sentiment increased to 1.25 in Q2 2018. Its up 0.22, from 1.03 in 2018Q1. It improved, as 23 investors sold PNM shares while 69 reduced holdings. 34 funds opened positions while 81 raised stakes. 71.83 million shares or 1.03% more from 71.10 million shares in 2018Q1 were reported. Segall Bryant And Hamill Lc holds 114,441 shares. Gabelli Funds Lc holds 0.69% or 3.02M shares in its portfolio. Kbc Gp Nv stated it has 60,640 shares or 0.02% of all its holdings. Bessemer Group holds 54,600 shares. Dean Capital accumulated 92,510 shares or 2.37% of the stock. Asset Management One Co Limited invested in 10,690 shares or 0% of the stock. Texas Permanent School Fund reported 51,410 shares stake. Price T Rowe Md has 0.04% invested in PNM Resources, Inc. (NYSE:PNM) for 6.26 million shares. South Dakota Inv Council has 0.02% invested in PNM Resources, Inc. (NYSE:PNM) for 25,600 shares. Gam Hldgs Ag has 0.02% invested in PNM Resources, Inc. (NYSE:PNM) for 11,203 shares. Moreover, Strs Ohio has 0.01% invested in PNM Resources, Inc. (NYSE:PNM) for 40,400 shares. Voya Investment Mngmt Lc reported 151,658 shares or 0.01% of all its holdings. Signaturefd Limited Co holds 405 shares or 0% of its portfolio. Massachusetts Fin Svcs Co Ma holds 39,917 shares or 0% of its portfolio. Bokf Na holds 0.09% or 87,670 shares in its portfolio.

Among 14 analysts covering PNM Resources (NYSE:PNM), 2 have Buy rating, 4 Sell and 8 Hold. Therefore 14% are positive. PNM Resources had 60 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Evercore on Monday, April 3 with “In-Line”. The firm has “Sell” rating given on Monday, September 18 by Williams Capital Group. The firm earned “Hold” rating on Wednesday, October 18 by KeyBanc Capital Markets. SunTrust maintained PNM Resources, Inc. (NYSE:PNM) rating on Monday, December 4. SunTrust has “Hold” rating and $41.0 target. The company was downgraded on Thursday, January 5 by Jefferies. The stock has “Hold” rating by SunTrust on Monday, December 11. The rating was maintained by SunTrust on Monday, April 2 with “Hold”. The stock of PNM Resources, Inc. (NYSE:PNM) earned “Hold” rating by SunTrust on Monday, April 23. The rating was maintained by Argus Research with “Buy” on Wednesday, July 22. The rating was downgraded by Williams Capital Group on Wednesday, March 1 to “Hold”.

Since May 8, 2018, it had 1 buying transaction, and 0 selling transactions for $48,125 activity.

Hotchkis & Wiley Capital Management Llc, which manages about $25.96B and $26.51B US Long portfolio, decreased its stake in Popular Inc (NASDAQ:BPOP) by 344,852 shares to 5.61M shares, valued at $253.81M in 2018Q2, according to the filing. It also reduced its holding in Bank Of Nt Butterfield&Son L by 97,493 shares in the quarter, leaving it with 1.23M shares, and cut its stake in Allison Transmission Hldgs I (NYSE:ALSN).

Investors sentiment decreased to 0.98 in Q2 2018. Its down 0.16, from 1.14 in 2018Q1. It turned negative, as 52 investors sold PCAR shares while 158 reduced holdings. 54 funds opened positions while 151 raised stakes. 206.66 million shares or 3.53% less from 214.22 million shares in 2018Q1 were reported. Parkside Bancorporation holds 0.01% or 316 shares in its portfolio. Finance Architects has 0.01% invested in PACCAR Inc (NASDAQ:PCAR) for 1,256 shares. Signaturefd Ltd Llc has invested 0.01% in PACCAR Inc (NASDAQ:PCAR). Lsv Asset holds 0.05% or 469,933 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.13% invested in PACCAR Inc (NASDAQ:PCAR) for 227,453 shares. Nomura Asset Mngmt Ltd owns 59,711 shares. Great West Life Assurance Can holds 0.04% or 276,045 shares in its portfolio. Janney Montgomery Scott Ltd Llc holds 15,493 shares or 0.01% of its portfolio. Connecticut-based Conning Incorporated has invested 0.02% in PACCAR Inc (NASDAQ:PCAR). The California-based United Financial Advisers Limited Liability Com has invested 0.29% in PACCAR Inc (NASDAQ:PCAR). Ameritas Invest Ptnrs holds 12,995 shares. Twin Capital Inc owns 44,870 shares. State Bank Of Ny Mellon Corp owns 0.08% invested in PACCAR Inc (NASDAQ:PCAR) for 4.52M shares. New Mexico Educational Retirement Board invested 0.08% of its portfolio in PACCAR Inc (NASDAQ:PCAR). 295 were accumulated by Smithfield Trust Co.

Analysts await PACCAR Inc (NASDAQ:PCAR) to report earnings on October, 23. They expect $1.49 EPS, up 30.70% or $0.35 from last year’s $1.14 per share. PCAR’s profit will be $522.32 million for 11.77 P/E if the $1.49 EPS becomes a reality. After $1.59 actual EPS reported by PACCAR Inc for the previous quarter, Wall Street now forecasts -6.29% negative EPS growth.

Stifel Financial Corp, which manages about $32.59 billion US Long portfolio, upped its stake in Moodys Corp (NYSE:MCO) by 7,801 shares to 32,795 shares, valued at $5.60 million in 2018Q2, according to the filing. It also increased its holding in Illumina Inc (NASDAQ:ILMN) by 5,191 shares in the quarter, for a total of 68,467 shares, and has risen its stake in Unilever N V (NYSE:UN).

PACCAR Inc (NASDAQ:PCAR) Institutional Positions Chart

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