Bristol John W & Co. Inc. NY trimmed its position in PACCAR Inc (NASDAQ:PCAR) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 718,193 shares of the company’s stock after selling 147,444 shares during the period. Bristol John W & Co. Inc. NY owned approximately 0.20% of PACCAR worth $51,049,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co grew its position in PACCAR by 18.8% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,900 shares of the company’s stock valued at $125,000 after buying an additional 300 shares during the last quarter. Sun Life Financial INC grew its position in PACCAR by 19,884.6% in the 2nd quarter. Sun Life Financial INC now owns 2,598 shares of the company’s stock valued at $172,000 after buying an additional 2,585 shares during the last quarter. Hartland & Co. LLC purchased a new position in PACCAR in the 3rd quarter valued at $206,000. BB&T Securities LLC purchased a new position in PACCAR in the 3rd quarter valued at $210,000. Finally, Brown Advisory Securities LLC purchased a new position in PACCAR in the 3rd quarter valued at $214,000. Hedge funds and other institutional investors own 62.26% of the company’s stock.
PCAR has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday, September 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $77.00 price objective on shares of PACCAR in a research report on Tuesday, October 3rd. UBS Group reiterated a “buy” rating and issued a $82.00 price objective (up from $76.00) on shares of PACCAR in a research report on Tuesday, October 3rd. JPMorgan Chase & Co. upgraded shares of PACCAR from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $70.00 to $83.00 in a research report on Wednesday, October 4th. Finally, Wells Fargo & Co lifted their price objective on shares of PACCAR from $74.00 to $77.00 and gave the company a “market perform” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $75.05.
Shares of PACCAR Inc (NASDAQ:PCAR) opened at $74.11 on Thursday. PACCAR Inc has a fifty-two week low of $61.93 and a fifty-two week high of $75.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.56 and a quick ratio of 2.40. The company has a market capitalization of $26,060.00, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22.
PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 24th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. PACCAR had a return on equity of 18.77% and a net margin of 7.61%. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the company earned $0.98 earnings per share. PACCAR’s quarterly revenue was up 19.7% compared to the same quarter last year. equities research analysts expect that PACCAR Inc will post 4.19 EPS for the current year.
The company also recently declared a special dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th were paid a dividend of $1.20 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Wednesday, December 13th. PACCAR’s dividend payout ratio (DPR) is presently 25.64%.
In other news, VP C Michael Dozier sold 3,618 shares of PACCAR stock in a transaction on Monday, November 13th. The stock was sold at an average price of $69.02, for a total transaction of $249,714.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Alma Lily Ley sold 4,024 shares of PACCAR stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $71.00, for a total value of $285,704.00. Following the transaction, the vice president now directly owns 24,319 shares of the company’s stock, valued at approximately $1,726,649. The disclosure for this sale can be found here. Insiders have sold a total of 106,598 shares of company stock valued at $7,597,908 in the last ninety days. Corporate insiders own 2.64% of the company’s stock.
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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.
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