National Pension Service Increases Stock Holdings in PACCAR Inc. $PCAR

National Pension Service boosted its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 56.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,472,711 shares of the company’s stock after acquiring an additional 533,565 shares during the quarter. National Pension Service owned 0.28% of PACCAR worth $161,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC boosted its holdings in PACCAR by 15.9% during the 4th quarter. Rothschild Investment LLC now owns 960 shares of the company’s stock valued at $105,000 after acquiring an additional 132 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in PACCAR by 7.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,000 shares of the company’s stock valued at $5,694,000 after acquiring an additional 3,814 shares during the period. Savant Capital LLC raised its position in PACCAR by 2.5% in the 4th quarter. Savant Capital LLC now owns 15,319 shares of the company’s stock valued at $1,678,000 after purchasing an additional 369 shares in the last quarter. Foundations Investment Advisors LLC raised its position in PACCAR by 5.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 3,828 shares of the company’s stock valued at $419,000 after purchasing an additional 188 shares in the last quarter. Finally, Huntington National Bank raised its position in PACCAR by 13.0% in the 4th quarter. Huntington National Bank now owns 3,829 shares of the company’s stock valued at $419,000 after purchasing an additional 441 shares in the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

PACCAR Price Performance

PCAR stock opened at $110.37 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.11 and a quick ratio of 2.91. PACCAR Inc. has a 1 year low of $90.05 and a 1 year high of $131.88. The firm has a market capitalization of $58.09 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.04 and a beta of 1.02. The business’s 50-day moving average is $117.34 and its two-hundred day moving average is $116.20.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share for the quarter, hitting the consensus estimate of $1.15. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The business had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the company earned $1.46 EPS. The business’s quarterly revenue was down 9.8% on a year-over-year basis. Analysts anticipate 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 given a dividend of $0.35 per share. This is a boost from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. PACCAR’s dividend payout ratio is 29.79%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PCAR. Morgan Stanley set a $109.00 price target on PACCAR and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. BNP Paribas Exane began coverage on PACCAR in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 price target on the stock. Wells Fargo & Company set a $125.00 price target on PACCAR and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Truist Financial increased their price target on PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. One equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $122.00.

PACCAR 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.