LSV Asset Management purchased a new position in Paccar (NASDAQ:PCAR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 80,100 shares of the company’s stock, valued at approximately $5,300,000.
Other institutional investors also recently bought and sold shares of the company. Jacobi Capital Management LLC purchased a new stake in shares of Paccar in the 1st quarter worth approximately $102,000. NuWave Investment Management LLC purchased a new stake in shares of Paccar in the 4th quarter worth approximately $160,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Paccar in the 4th quarter worth approximately $171,000. Regentatlantic Capital LLC purchased a new stake in shares of Paccar in the 4th quarter worth approximately $202,000. Finally, Motley Fool Asset Management LLC purchased a new stake in shares of Paccar in the 1st quarter worth approximately $204,000. Institutional investors own 63.19% of the company’s stock.
In other news, VP C Michael Dozier sold 13,348 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $63.45, for a total value of $846,930.60. Following the transaction, the vice president now directly owns 8,860 shares in the company, valued at approximately $562,167. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider T. Kyle Quinn sold 9,964 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $64.69, for a total value of $644,571.16. Following the completion of the transaction, the insider now owns 32,000 shares in the company, valued at $2,070,080. The disclosure for this sale can be found here. Company insiders own 2.64% of the company’s stock.
Several analysts have commented on the company. Deutsche Bank downgraded Paccar from a “hold” rating to a “sell” rating and set a $77.00 target price on the stock. in a research note on Monday, March 19th. Robert W. Baird cut their target price on Paccar from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 25th. ValuEngine upgraded Paccar from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Longbow Research upgraded Paccar from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, March 6th. Finally, BMO Capital Markets cut their target price on Paccar from $85.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 25th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. Paccar has an average rating of “Hold” and an average price target of $74.47.
Paccar opened at $65.01 on Monday, MarketBeat Ratings reports. The firm has a market capitalization of $22.87 billion, a PE ratio of 13.46, a PEG ratio of 1.18 and a beta of 1.24. Paccar has a 1 year low of $60.36 and a 1 year high of $79.69. The company has a current ratio of 2.45, a quick ratio of 2.29 and a debt-to-equity ratio of 0.69.
Paccar (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, April 24th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.14. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.01 billion. Paccar had a return on equity of 21.26% and a net margin of 8.99%. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. equities research analysts expect that Paccar will post 5.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Tuesday, May 15th will be paid a $0.28 dividend. This is an increase from Paccar’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Monday, May 14th. Paccar’s dividend payout ratio (DPR) is 26.29%.
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.
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