Trustcore Financial Services LLC purchased a new position in shares of PACCAR Inc (NASDAQ:PCAR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 10,284 shares of the company’s stock, valued at approximately $731,000.
A number of other large investors also recently bought and sold shares of the business. NuWave Investment Management LLC acquired a new stake in shares of PACCAR in the fourth quarter worth $160,000. Hartland & Co. LLC acquired a new stake in shares of PACCAR in the third quarter worth $206,000. Regentatlantic Capital LLC acquired a new stake in shares of PACCAR in the fourth quarter worth $202,000. Checchi Capital Advisers LLC acquired a new stake in shares of PACCAR in the fourth quarter worth $206,000. Finally, BB&T Securities LLC acquired a new stake in shares of PACCAR in the third quarter worth $210,000. 64.40% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on PCAR shares. Argus raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. UBS Group set a $79.00 price objective on shares of PACCAR and gave the stock a “buy” rating in a research report on Wednesday, October 25th. JPMorgan Chase & Co. set a $83.00 price objective on shares of PACCAR and gave the stock a “buy” rating in a research report on Wednesday, November 29th. BidaskClub raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Finally, Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. PACCAR presently has an average rating of “Hold” and a consensus price target of $76.26.
Shares of PACCAR Inc (NASDAQ PCAR) opened at $68.78 on Monday. The firm has a market cap of $24,196.80, a price-to-earnings ratio of 16.15, a P/E/G ratio of 1.31 and a beta of 1.22. PACCAR Inc has a fifty-two week low of $61.93 and a fifty-two week 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.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings results 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. The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.87 billion. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The business’s revenue was up 36.0% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. equities analysts anticipate that PACCAR Inc will post 5.26 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Monday, February 12th. PACCAR’s payout ratio is 21.05%.
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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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