Aperio Group LLC boosted its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,210 shares of the company’s stock after acquiring an additional 4,826 shares during the quarter. Aperio Group LLC owned 0.06% of PACCAR worth $14,266,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. First Trust Advisors LP lifted its position in shares of PACCAR by 240.0% in the 3rd quarter. First Trust Advisors LP now owns 606,651 shares of the company’s stock worth $43,885,000 after purchasing an additional 428,228 shares during the period. Xact Kapitalforvaltning AB lifted its position in shares of PACCAR by 1.3% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 75,805 shares of the company’s stock worth $5,484,000 after purchasing an additional 964 shares during the period. Nationwide Fund Advisors lifted its position in shares of PACCAR by 2.0% in the 3rd quarter. Nationwide Fund Advisors now owns 116,603 shares of the company’s stock worth $8,435,000 after purchasing an additional 2,334 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of PACCAR in the 3rd quarter worth approximately $694,000. Finally, Whittier Trust Co. lifted its position in shares of PACCAR by 139.5% in the 3rd quarter. Whittier Trust Co. now owns 4,028 shares of the company’s stock worth $291,000 after purchasing an additional 2,346 shares during the period. 62.25% of the stock is currently owned by hedge funds and other institutional investors.
PACCAR Inc. (NASDAQ PCAR) opened at 71.73 on Wednesday. PACCAR Inc. has a 12 month low of $53.38 and a 12 month high of $75.68. The stock has a market cap of $25.20 billion, a price-to-earnings ratio of 19.20 and a beta of 1.18. The firm’s 50-day moving average price is $72.09 and its 200 day moving average price is $67.25.
PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. On average, analysts anticipate that PACCAR Inc. will post $4.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, November 13th. PACCAR’s dividend payout ratio (DPR) is presently 25.64%.
A number of research analysts have recently issued reports on PCAR shares. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, August 22nd. UBS AG restated a “buy” rating and issued a $76.00 price target (up previously from $75.00) on shares of PACCAR in a research report on Wednesday, July 26th. Citigroup Inc. boosted their target price on shares of PACCAR from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Stifel Nicolaus reiterated a “buy” rating and set a $72.00 target price (up previously from $64.00) on shares of PACCAR in a research report on Wednesday, July 26th. Finally, BidaskClub upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $75.95.
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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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