Canada Post Corp Registered Pension Plan Grows Stock Position in PACCAR Inc. $PCAR

Canada Post Corp Registered Pension Plan raised its position in PACCAR Inc. (NASDAQ:PCAR) by 51.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,187 shares of the company’s stock after buying an additional 4,490 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in PACCAR were worth $1,444,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ares Financial Consulting LLC purchased a new position in shares of PACCAR in the 4th quarter worth about $27,000. Camelot Portfolios LLC purchased a new position in shares of PACCAR in the 4th quarter worth about $33,000. Wealth Watch Advisors INC purchased a new position in shares of PACCAR in the 3rd quarter worth about $32,000. True Wealth Design LLC raised its holdings in shares of PACCAR by 61.1% in the 4th quarter. True Wealth Design LLC now owns 364 shares of the company’s stock worth $40,000 after purchasing an additional 138 shares during the period. Finally, Navalign LLC purchased a new position in shares of PACCAR in the 4th quarter worth about $41,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PCAR. JPMorgan Chase & Co. cut their price objective on PACCAR from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. BNP Paribas Exane began coverage on PACCAR in a report on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 price objective on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. Finally, Morgan Stanley set a $109.00 price objective on PACCAR and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $122.00.

PACCAR Price Performance

Shares of NASDAQ PCAR opened at $111.68 on Tuesday. PACCAR Inc. has a fifty-two week low of $90.05 and a fifty-two week high of $131.88. The business has a 50 day moving average price of $118.54 and a two-hundred day moving average price of $115.55. The company has a quick ratio of 2.91, a current ratio of 3.11 and a debt-to-equity ratio of 0.52. The firm has a market cap of $58.78 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.02.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data 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 firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the firm earned $1.46 EPS. PACCAR’s quarterly revenue was down 9.8% on a year-over-year basis. Sell-side analysts expect that PACCAR Inc. will post 5.59 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, May 13th. This is a positive change from PACCAR’s previous quarterly dividend of $0.33. PACCAR’s payout ratio is 29.79%.

PACCAR Company Profile

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.