STF Management LP Reduces Stock Holdings in PACCAR Inc. $PCAR

STF Management LP decreased its stake in PACCAR Inc. (NASDAQ:PCAR) by 65.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,747 shares of the company’s stock after selling 5,180 shares during the quarter. STF Management LP’s holdings in PACCAR were worth $301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ares Financial Consulting LLC purchased a new position in shares of PACCAR in the 4th quarter worth approximately $27,000. Camelot Portfolios LLC bought a new stake in shares of PACCAR during the 4th quarter worth approximately $33,000. Wealth Watch Advisors INC bought a new stake in shares of PACCAR during the 3rd quarter worth approximately $32,000. True Wealth Design LLC lifted its stake in shares of PACCAR by 61.1% during the 4th quarter. True Wealth Design LLC now owns 364 shares of the company’s stock worth $40,000 after acquiring an additional 138 shares during the last quarter. Finally, Navalign LLC bought a new stake in shares of PACCAR during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Trading Down 2.0%

Shares of NASDAQ PCAR opened at $110.32 on Friday. The company has a quick ratio of 2.91, a current ratio of 3.11 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $118.77 and a two-hundred day simple moving average of $115.36. The firm has a market cap of $58.06 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.02 and a beta of 1.02. PACCAR Inc. has a twelve month low of $90.05 and a twelve month high of $131.88.

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

PACCAR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be given a dividend of $0.35 per share. This is a boost from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. PACCAR’s dividend payout ratio is presently 29.79%.

Analyst Ratings Changes

PCAR has been the subject of a number of research analyst reports. Evercore set a $139.00 price target on PACCAR in a research note on Monday, May 11th. BNP Paribas Exane initiated coverage on PACCAR in a research note on Tuesday, March 31st. They set a “neutral” rating and a $126.00 price target for the company. Sanford C. Bernstein reissued an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. Citigroup reissued a “neutral” rating and set a $125.00 price target (down from $130.00) on shares of PACCAR in a research note on Thursday, April 30th. Finally, Wells Fargo & Company set a $125.00 price target on PACCAR and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $122.00.

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.