First Washington CORP trimmed its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,492 shares of the company’s stock after selling 43,374 shares during the quarter. PACCAR accounts for approximately 4.4% of First Washington CORP’s investment portfolio, making the stock its 4th largest holding. First Washington CORP’s holdings in PACCAR were worth $9,275,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Boston Partners purchased a new position in shares of PACCAR during the third quarter valued at $155,973,000. Point72 Asset Management L.P. increased its stake in shares of PACCAR by 845.5% during the third quarter. Point72 Asset Management L.P. now owns 919,047 shares of the company’s stock valued at $66,484,000 after buying an additional 821,847 shares during the period. Fulcrum Capital LLC purchased a new position in shares of PACCAR during the fourth quarter valued at $52,026,000. Bank of New York Mellon Corp increased its stake in shares of PACCAR by 11.4% during the third quarter. Bank of New York Mellon Corp now owns 6,765,314 shares of the company’s stock valued at $489,402,000 after buying an additional 694,185 shares during the period. Finally, First Trust Advisors LP grew its stake in PACCAR by 240.0% in the third quarter. First Trust Advisors LP now owns 606,651 shares of the company’s stock valued at $43,885,000 after purchasing an additional 428,228 shares during the last quarter. Institutional investors and hedge funds own 64.40% of the company’s stock.
PACCAR Inc (NASDAQ PCAR) traded down $0.20 during trading on Monday, hitting $68.78. The stock had a trading volume of 2,681,900 shares, compared to its average volume of 2,470,961. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.08 and a quick ratio of 0.90. PACCAR Inc has a 1-year low of $61.93 and a 1-year high of $79.69. The stock has a market capitalization of $24,196.80, a PE ratio of 16.15, a PEG ratio of 1.31 and a beta of 1.22.
PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $1.18 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 36.0% on a year-over-year basis. equities analysts forecast that PACCAR Inc will post 5.26 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Monday, February 12th. PACCAR’s payout ratio is currently 21.05%.
Several research firms have issued reports on PCAR. Stifel Nicolaus set a $69.00 target price on PACCAR and gave the company a “hold” rating in a research note on Sunday, February 11th. Zacks Investment Research upgraded PACCAR from a “hold” rating to a “strong-buy” rating and set a $86.00 target price on the stock in a research note on Friday, February 2nd. Credit Suisse Group dropped their price target on PACCAR from $75.00 to $74.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. Buckingham Research boosted their price target on PACCAR from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Finally, Wells Fargo & Co boosted their price target on PACCAR from $75.00 to $80.00 and gave the stock a “market perform” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. PACCAR currently has a consensus rating of “Hold” and an average price target of $76.26.
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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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