Regentatlantic Capital LLC boosted its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 20.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,112 shares of the company’s stock after purchasing an additional 13,376 shares during the quarter. Regentatlantic Capital LLC’s holdings in PACCAR were worth $5,741,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of PACCAR by 16.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,084,158 shares of the company’s stock valued at $176,244,000 after acquiring an additional 430,705 shares during the period. Geode Capital Management LLC boosted its holdings in PACCAR by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 5,068,951 shares of the company’s stock valued at $289,187,000 after purchasing an additional 350,337 shares during the period. Gotham Asset Management LLC bought a new position in PACCAR in the 4th quarter valued at $334,000. Thrivent Financial for Lutherans boosted its holdings in PACCAR by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 15,378 shares of the company’s stock valued at $879,000 after purchasing an additional 271 shares during the period. Finally, First Allied Advisory Services Inc. raised its position in shares of PACCAR by 16.9% during the 4th quarter. First Allied Advisory Services Inc. now owns 7,195 shares of the company’s stock valued at $410,000 after buying an additional 1,038 shares in the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.
PCAR has been the topic of several research reports. BidaskClub cut shares of PACCAR from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research cut shares of PACCAR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Credit Suisse Group raised their price objective on shares of PACCAR from $74.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Loop Capital cut shares of PACCAR from a “hold” rating to a “sell” rating and lowered their price objective for the company from $70.00 to $62.00 in a research report on Tuesday, July 2nd. Finally, BMO Capital Markets raised their price objective on shares of PACCAR to $70.00 and gave the company a “market perform” rating in a research report on Friday, May 17th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $68.89.
NASDAQ:PCAR traded down $1.17 during trading hours on Friday, reaching $66.97. The company’s stock had a trading volume of 92,265 shares, compared to its average volume of 1,648,297. The company has a market capitalization of $24.59 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.25 and a beta of 1.25. The firm’s 50-day moving average price is $70.85. PACCAR Inc has a 1 year low of $53.43 and a 1 year high of $73.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.40.
PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, July 23rd. The company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.04). The business had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.21 billion. PACCAR had a return on equity of 25.99% and a net margin of 9.43%. PACCAR’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 EPS. Research analysts expect that PACCAR Inc will post 6.77 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Tuesday, August 13th. PACCAR’s payout ratio is presently 20.51%.
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
See Also: Cost of Goods Sold (COGS)
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