Swiss National Bank Increases Stake in PACCAR Inc (PCAR)

Swiss National Bank lifted its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 0.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,295,605 shares of the company’s stock after buying an additional 2,000 shares during the period. Swiss National Bank’s holdings in PACCAR were worth $92,092,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PCAR. California Public Employees Retirement System lifted its holdings in PACCAR by 3.3% in the fourth quarter. California Public Employees Retirement System now owns 849,910 shares of the company’s stock valued at $60,412,000 after buying an additional 27,219 shares during the period. Icon Advisers Inc. Co. acquired a new position in PACCAR in the fourth quarter valued at approximately $789,000. Teacher Retirement System of Texas lifted its holdings in PACCAR by 3,410.7% in the fourth quarter. Teacher Retirement System of Texas now owns 167,950 shares of the company’s stock valued at $11,938,000 after buying an additional 163,166 shares during the period. ING Groep NV acquired a new position in PACCAR in the fourth quarter valued at approximately $790,000. Finally, Grimes & Company Inc. lifted its holdings in PACCAR by 1,229.5% in the fourth quarter. Grimes & Company Inc. now owns 83,066 shares of the company’s stock valued at $5,904,000 after buying an additional 76,818 shares during the period. Institutional investors own 62.97% of the company’s stock.

Shares of PACCAR Inc (PCAR) opened at $68.24 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.75. The firm has a market cap of $23,990.00, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22. PACCAR Inc has a twelve month low of $61.93 and a twelve month high of $79.69.

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 Thomson Reuters’ consensus estimate of $1.12 by $0.06. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same period last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. sell-side analysts anticipate that PACCAR Inc will post 5.24 EPS 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. This represents a $1.00 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, February 12th. PACCAR’s dividend payout ratio is 21.05%.

Several equities analysts recently weighed in on the stock. Stifel Nicolaus set a $69.00 price objective on shares of PACCAR and gave the company a “hold” rating in a report on Sunday. Buckingham Research increased their price objective on shares of PACCAR from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Credit Suisse Group cut their price objective on shares of PACCAR from $75.00 to $74.00 and set a “neutral” rating on the stock in a report on Wednesday, January 31st. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “strong-buy” rating and set a $86.00 price objective on the stock in a report on Friday, February 2nd. Finally, Wells Fargo & Co cut their price objective on shares of PACCAR from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Wednesday, October 25th. One equities 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 given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $76.26.

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PACCAR 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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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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