PACCAR Inc. $PCAR Shares Acquired by National Pension Service

National Pension Service lifted its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 56.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,472,711 shares of the company’s stock after acquiring an additional 533,565 shares during the period. National Pension Service’s holdings in PACCAR were worth $161,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. California Public Employees Retirement System grew its position in shares of PACCAR by 0.8% during the third quarter. California Public Employees Retirement System now owns 1,075,315 shares of the company’s stock worth $105,725,000 after acquiring an additional 9,045 shares during the last quarter. Merit Financial Group LLC grew its position in shares of PACCAR by 165.8% during the fourth quarter. Merit Financial Group LLC now owns 24,319 shares of the company’s stock worth $2,663,000 after acquiring an additional 15,169 shares during the last quarter. Nordea Investment Management AB grew its position in shares of PACCAR by 12.6% during the fourth quarter. Nordea Investment Management AB now owns 122,451 shares of the company’s stock worth $13,487,000 after acquiring an additional 13,668 shares during the last quarter. AE Wealth Management LLC grew its position in shares of PACCAR by 29.1% during the third quarter. AE Wealth Management LLC now owns 39,594 shares of the company’s stock worth $3,893,000 after acquiring an additional 8,932 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of PACCAR by 0.8% during the third quarter. Vanguard Group Inc. now owns 63,111,444 shares of the company’s stock worth $6,205,117,000 after acquiring an additional 485,678 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PCAR. Wells Fargo & Company set a $125.00 target price on shares of PACCAR and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Evercore set a $139.00 target price on shares of PACCAR in a research report on Monday, May 11th. JPMorgan Chase & Co. lowered their target price on shares of PACCAR from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Finally, Morgan Stanley set a $109.00 target price on shares of PACCAR and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $122.00.

PACCAR Trading Down 1.6%

Shares of PCAR stock opened at $110.37 on Friday. The business’s 50 day moving average is $117.34 and its two-hundred day moving average is $116.20. PACCAR Inc. has a twelve month low of $90.05 and a twelve month high of $131.88. The company has a market capitalization of $58.09 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. The company has a current ratio of 3.11, a quick ratio of 2.91 and a debt-to-equity ratio of 0.52.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share for the quarter, meeting the consensus estimate of $1.15. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The company had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the business posted $1.46 EPS. The company’s revenue was down 9.8% on a year-over-year basis. Equities analysts forecast that PACCAR Inc. will post 5.59 EPS for the current year.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be paid a $0.35 dividend. This is an increase from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. PACCAR’s dividend payout ratio (DPR) is 29.79%.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.