Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 12,710 Shares of PACCAR Inc. $PCAR

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in PACCAR Inc. (NASDAQ:PCAR) by 15.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 92,971 shares of the company’s stock after acquiring an additional 12,710 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in PACCAR were worth $8,838,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PCAR. Brighton Jones LLC raised its stake in shares of PACCAR by 0.3% during the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock worth $9,258,000 after purchasing an additional 290 shares in the last quarter. Alta Advisers Ltd bought a new position in shares of PACCAR in the first quarter valued at $265,000. Cidel Asset Management Inc. increased its holdings in PACCAR by 5.8% during the first quarter. Cidel Asset Management Inc. now owns 3,172 shares of the company’s stock worth $309,000 after buying an additional 174 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in PACCAR by 1.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 75,442 shares of the company’s stock worth $7,346,000 after acquiring an additional 1,269 shares in the last quarter. Finally, DAVENPORT & Co LLC bought a new stake in PACCAR during the first quarter worth $246,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Brice J. Poplawski sold 3,369 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $101.15, for a total value of $340,774.35. Following the transaction, the chief financial officer directly owned 468 shares in the company, valued at approximately $47,338.20. This represents a 87.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.02% of the company’s stock.

PACCAR Trading Down 1.0%

Shares of NASDAQ:PCAR opened at $98.21 on Thursday. PACCAR Inc. has a 12-month low of $84.65 and a 12-month high of $118.81. The business has a 50 day moving average of $98.56 and a 200-day moving average of $95.96. The company has a quick ratio of 1.51, a current ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a market cap of $51.57 billion, a PE ratio of 19.22, a P/E/G ratio of 4.15 and a beta of 0.94.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.23 billion. PACCAR had a return on equity of 16.01% and a net margin of 9.11%.PACCAR’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. As a group, equities research analysts forecast that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.3%. PACCAR’s dividend payout ratio (DPR) is currently 25.83%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of PACCAR from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Jefferies Financial Group reissued a “hold” rating and set a $90.00 price target on shares of PACCAR in a research report on Tuesday, October 21st. Wolfe Research raised PACCAR from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 22nd. Morgan Stanley set a $90.00 target price on PACCAR in a research note on Tuesday, October 21st. Finally, Argus upgraded PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $106.59.

PACCAR Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.