Stoneridge Investment Partners LLC grew its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 801.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,131 shares of the company’s stock after acquiring an additional 27,679 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in PACCAR were worth $2,213,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Hartland & Co. LLC bought a new position in shares of PACCAR during the third quarter valued at $206,000. Regentatlantic Capital LLC bought a new position in shares of PACCAR during the fourth quarter valued at $202,000. Checchi Capital Advisers LLC bought a new position in shares of PACCAR during the fourth quarter valued at $206,000. BB&T Securities LLC bought a new position in shares of PACCAR during the third quarter valued at $210,000. Finally, Brown Advisory Securities LLC bought a new position in shares of PACCAR during the third quarter valued at $214,000. Hedge funds and other institutional investors own 62.97% of the company’s stock.
PACCAR Inc (NASDAQ PCAR) traded down $0.10 during mid-day trading on Wednesday, hitting $68.14. The stock had a trading volume of 1,298,000 shares, compared to its average volume of 2,442,009. PACCAR Inc has a 12-month low of $61.93 and a 12-month high of $79.69. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.75. The stock has a market cap of $24,260.00, a PE ratio of 14.52, a P/E/G ratio of 1.30 and a beta of 1.22.
PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.06. PACCAR had a return on equity of 19.65% and a net margin of 8.61%. The firm had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the previous year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 36.0% on a year-over-year basis. equities analysts forecast that PACCAR Inc will post 5.26 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.47%. PACCAR’s payout ratio is currently 21.05%.
Several equities research analysts recently commented on PCAR shares. Piper Jaffray Companies set a $67.00 price objective on PACCAR and gave the stock a “hold” rating in a report on Sunday, December 10th. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Tuesday, January 2nd. ValuEngine downgraded PACCAR from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Zacks Investment Research downgraded PACCAR from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Finally, BidaskClub upgraded PACCAR from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. PACCAR currently has a consensus rating of “Hold” and a consensus price target of $76.26.
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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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