Teachers Retirement System of The State of Kentucky lessened its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,163 shares of the company’s stock after selling 10,196 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in PACCAR were worth $5,271,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of PCAR. NuWave Investment Management LLC bought a new stake in shares of PACCAR during the 4th quarter valued at about $160,000. Fuller & Thaler Asset Management Inc. bought a new stake in PACCAR in the 4th quarter worth approximately $171,000. Regentatlantic Capital LLC bought a new stake in PACCAR in the 4th quarter worth approximately $202,000. Hartland & Co. LLC bought a new stake in PACCAR in the 3rd quarter worth approximately $206,000. Finally, Checchi Capital Advisers LLC bought a new stake in PACCAR in the 4th quarter worth approximately $206,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.
PACCAR Inc (PCAR) opened at $66.82 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.49 and a quick ratio of 2.34. The company has a market capitalization of $23,360.88, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.21. PACCAR Inc has a 12 month low of $61.93 and a 12 month high of $79.69.
PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.87 billion. PACCAR had a return on equity of 19.65% and a net margin of 8.61%. The business’s quarterly revenue was up 36.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. equities analysts predict that PACCAR Inc will post 5.29 earnings per share for the current fiscal year.
In other PACCAR news, VP Marco A. Davila bought 570 shares of PACCAR stock in a transaction dated Friday, February 16th. The shares were purchased at an average cost of $69.05 per share, with a total value of $39,358.50. Following the completion of the purchase, the vice president now owns 7,536 shares of the company’s stock, valued at $520,360.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.64% of the stock is currently owned by insiders.
PCAR has been the subject of a number of recent research reports. Piper Jaffray Companies set a $67.00 target price on PACCAR and gave the stock a “hold” rating in a research report on Sunday, December 10th. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday, January 2nd. Morgan Stanley initiated coverage on PACCAR in a research report on Friday, March 2nd. They issued an “underweight” rating and a $69.00 target price for the company. Zacks Investment Research downgraded PACCAR from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Longbow Research upgraded PACCAR from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. PACCAR has an average rating of “Hold” and an average price target 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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