Guggenheim Capital LLC grew its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 779,174 shares of the company’s stock after buying an additional 111,799 shares during the quarter. Guggenheim Capital LLC’s holdings in PACCAR were worth $55,382,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in PCAR. NuWave Investment Management LLC acquired a new position in shares of PACCAR during the fourth quarter worth $160,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of PACCAR during the fourth quarter worth $171,000. Regentatlantic Capital LLC acquired a new position in shares of PACCAR during the fourth quarter worth $202,000. Hartland & Co. LLC acquired a new position in shares of PACCAR during the third quarter worth $206,000. Finally, Checchi Capital Advisers LLC acquired a new position in shares of PACCAR during the fourth quarter worth $206,000. Institutional investors own 64.25% of the company’s stock.
Shares of PACCAR Inc (PCAR) opened at $66.35 on Thursday. The company has a current ratio of 2.49, a quick ratio of 2.34 and a debt-to-equity ratio of 0.74. PACCAR Inc has a 12 month low of $61.93 and a 12 month high of $79.69. The firm has a market cap of $23,723.53, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21.
PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, January 30th. The company reported $1.18 earnings per share for the quarter, beating the 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 firm had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. equities research analysts forecast that PACCAR Inc will post 5.29 EPS for the current year.
In other PACCAR news, VP Marco A. Davila bought 570 shares of the stock in a transaction on Friday, February 16th. The stock was purchased at an average price of $69.05 per share, for a total transaction of $39,358.50. Following the completion of the purchase, the vice president now directly owns 7,536 shares in the company, valued at $520,360.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.64% of the stock is owned by insiders.
PCAR has been the topic of a number of recent research reports. Susquehanna Bancshares initiated coverage on shares of PACCAR in a research report on Wednesday, November 29th. They set a “neutral” rating and a $75.00 target price on the stock. Stifel Nicolaus reissued a “hold” rating and set a $75.00 target price on shares of PACCAR in a research report on Monday, February 5th. BidaskClub cut shares of PACCAR from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Zacks Investment Research raised shares of PACCAR from a “hold” rating to a “strong-buy” rating and set a $86.00 target price on the stock in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. cut shares of PACCAR from an “overweight” rating to a “neutral” rating and set a $73.00 price target on the stock. in a report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $76.24.
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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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