Natixis Advisors LLC Increases Position in PACCAR Inc. $PCAR

Natixis Advisors LLC raised its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,391,588 shares of the company’s stock after buying an additional 87,245 shares during the period. Natixis Advisors LLC owned about 0.26% of PACCAR worth $152,393,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Gulf International Bank UK Ltd boosted its position in shares of PACCAR by 0.3% during the fourth quarter. Gulf International Bank UK Ltd now owns 26,202 shares of the company’s stock valued at $2,869,000 after buying an additional 81 shares during the period. CYBER HORNET ETFs LLC boosted its position in shares of PACCAR by 6.2% during the fourth quarter. CYBER HORNET ETFs LLC now owns 1,486 shares of the company’s stock valued at $163,000 after buying an additional 87 shares during the period. Jackson Square Capital LLC boosted its position in shares of PACCAR by 3.5% during the fourth quarter. Jackson Square Capital LLC now owns 2,650 shares of the company’s stock valued at $290,000 after buying an additional 90 shares during the period. Lakeside Advisors INC. boosted its position in shares of PACCAR by 0.3% during the fourth quarter. Lakeside Advisors INC. now owns 34,053 shares of the company’s stock valued at $3,729,000 after buying an additional 92 shares during the period. Finally, D.B. Root & Company LLC boosted its position in shares of PACCAR by 3.8% during the fourth quarter. D.B. Root & Company LLC now owns 2,720 shares of the company’s stock valued at $298,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PCAR shares. Weiss Ratings lowered PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Wells Fargo & Company set a $125.00 target price on PACCAR and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price target on PACCAR from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Truist Financial boosted their price target on PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Finally, BNP Paribas Exane began coverage on PACCAR in a report on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, PACCAR has a consensus rating of “Hold” and an average target price of $122.00.

PACCAR Stock Performance

Shares of PCAR stock opened at $109.47 on Tuesday. The business’s fifty day simple moving average is $117.27 and its 200-day simple moving average is $116.40. The company has a market cap of $57.61 billion, a PE ratio of 23.29, a PEG ratio of 1.02 and a beta of 0.98. The company has a current ratio of 3.11, a quick ratio of 2.91 and a debt-to-equity ratio of 0.52. PACCAR Inc. has a 12-month low of $90.05 and a 12-month high of $131.88.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.15. The business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.44 billion. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 earnings per share. Analysts expect that PACCAR Inc. will post 5.59 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, May 13th. This is a boost from PACCAR’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. PACCAR’s payout ratio is currently 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.