Retirement Systems of Alabama boosted its stake in PACCAR Inc (NASDAQ:PCAR) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390,860 shares of the company’s stock after purchasing an additional 69,177 shares during the period. Retirement Systems of Alabama owned about 0.11% of PACCAR worth $27,782,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of PCAR. NuWave Investment Management LLC acquired a new position in PACCAR in the 4th quarter valued at approximately $160,000. Regentatlantic Capital LLC acquired a new position in PACCAR in the 4th quarter valued at approximately $202,000. Cetera Investment Advisers acquired a new position in PACCAR in the 2nd quarter valued at approximately $204,000. Hartland & Co. LLC acquired a new position in PACCAR in the 3rd quarter valued at approximately $206,000. Finally, Checchi Capital Advisers LLC acquired a new position in PACCAR in the 4th quarter valued at approximately $206,000. 62.97% of the stock is owned by institutional investors and hedge funds.
Shares of PACCAR Inc (NASDAQ:PCAR) opened at $69.12 on Thursday. PACCAR Inc has a 12-month low of $61.93 and a 12-month high of $79.69. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 1.08. The firm has a market cap of $23,971.65, a price-to-earnings ratio of 15.99, a PEG ratio of 1.30 and a beta of 1.22.
PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the prior year, the company posted $0.82 earnings per share. PACCAR’s revenue for the quarter was up 36.0% compared to the same quarter last year. research analysts anticipate that PACCAR Inc will post 5.26 EPS for the current year.
The company 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 1.45%. The ex-dividend date is Monday, February 12th. PACCAR’s dividend payout ratio (DPR) is presently 21.05%.
Several equities analysts have issued reports on PCAR shares. Piper Jaffray Companies set a $67.00 price target on shares of PACCAR and gave the company a “hold” rating in a research report on Sunday, December 10th. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 price target 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 upgraded 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 issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. PACCAR presently has an average rating of “Hold” and an average price target of $76.26.
PACCAR Company 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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