Grimes & Company Inc. lifted its position in PACCAR Inc (NASDAQ:PCAR) by 1,229.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,066 shares of the company’s stock after buying an additional 76,818 shares during the quarter. Grimes & Company Inc.’s holdings in PACCAR were worth $5,904,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in PCAR. Boston Partners bought a new position in PACCAR during the third quarter worth $155,973,000. Point72 Asset Management L.P. boosted its position in PACCAR by 845.5% during the third quarter. Point72 Asset Management L.P. now owns 919,047 shares of the company’s stock worth $66,484,000 after purchasing an additional 821,847 shares during the period. Fulcrum Capital LLC bought a new position in PACCAR during the fourth quarter worth $52,026,000. Bank of New York Mellon Corp boosted its position in 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 worth $489,402,000 after purchasing an additional 694,185 shares during the period. Finally, First Trust Advisors LP boosted its position in PACCAR by 240.0% during the third 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. 62.37% of the stock is owned by institutional investors and hedge funds.
PCAR has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $67.00 price objective on shares of PACCAR and gave the stock a “hold” rating in a research report on Sunday, December 10th. 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. ValuEngine cut shares of PACCAR from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Zacks Investment Research cut shares of PACCAR from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, BidaskClub raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $76.58.
Shares of PACCAR Inc (NASDAQ:PCAR) opened at $70.05 on Wednesday. PACCAR Inc has a twelve month low of $61.93 and a twelve 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 firm has a market capitalization of $24,344.56, a price-to-earnings ratio of 14.75, a PEG ratio of 1.32 and a beta of 1.22.
PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 30th. The company reported $1.18 earnings per share for the quarter, topping 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 company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The company’s revenue was up 36.0% on a year-over-year basis. research analysts forecast that PACCAR Inc will post 5.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders 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 dividend yield of 1.43%. The ex-dividend date is Monday, February 12th. PACCAR’s dividend payout ratio is currently 21.05%.
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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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