Leeward Financial Partners LLC Has $676,000 Stock Position in PACCAR Inc. $PCAR

Leeward Financial Partners LLC decreased its stake in PACCAR Inc. (NASDAQ:PCAR) by 73.3% during the 4th quarter, HoldingsChannel reports. The fund owned 6,177 shares of the company’s stock after selling 16,981 shares during the period. Leeward Financial Partners LLC’s holdings in PACCAR were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System lifted its position in PACCAR by 0.8% in the third quarter. California Public Employees Retirement System now owns 1,075,315 shares of the company’s stock worth $105,725,000 after purchasing an additional 9,045 shares during the period. Merit Financial Group LLC lifted its position in PACCAR by 165.8% in the fourth quarter. Merit Financial Group LLC now owns 24,319 shares of the company’s stock worth $2,663,000 after purchasing an additional 15,169 shares during the period. National Pension Service lifted its position in PACCAR by 5.5% in the third quarter. National Pension Service now owns 939,146 shares of the company’s stock worth $92,337,000 after purchasing an additional 48,711 shares during the period. Nordea Investment Management AB lifted its position in PACCAR by 12.6% in the fourth quarter. Nordea Investment Management AB now owns 122,451 shares of the company’s stock worth $13,487,000 after purchasing an additional 13,668 shares during the period. Finally, AE Wealth Management LLC lifted its position in PACCAR by 29.1% in the third quarter. AE Wealth Management LLC now owns 39,594 shares of the company’s stock worth $3,893,000 after purchasing an additional 8,932 shares during the period. 64.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on PACCAR from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Evercore set a $139.00 price objective on PACCAR in a report on Monday, May 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. Morgan Stanley set a $109.00 price objective on PACCAR and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. Finally, Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $122.00.

PACCAR Stock Up 0.2%

Shares of NASDAQ PCAR opened at $112.26 on Thursday. The stock has a market cap of $59.08 billion, a PE ratio of 23.89, a PEG ratio of 1.04 and a beta of 1.02. The business has a fifty day moving average of $117.49 and a two-hundred day moving average of $116.14. PACCAR Inc. has a 52-week low of $90.05 and a 52-week high of $131.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.91 and a current ratio of 3.11.

PACCAR (NASDAQ:PCAR) last announced 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. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The company had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the company posted $1.46 earnings per share. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. As a group, equities research analysts expect that PACCAR Inc. will post 5.59 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 13th. PACCAR’s dividend payout ratio is 29.79%.

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.