AustralianSuper Pty Ltd Takes Position in PACCAR Inc. $PCAR

AustralianSuper Pty Ltd bought a new stake in PACCAR Inc. (NASDAQ:PCAR) during the fourth quarter, Holdings Channel reports. The institutional investor bought 11,228 shares of the company’s stock, valued at approximately $1,230,000.

Other large investors also recently modified their holdings of the company. Ares Financial Consulting LLC bought a new position in shares of PACCAR in the fourth quarter valued at approximately $27,000. Camelot Portfolios LLC bought a new position in shares of PACCAR in the fourth quarter valued at approximately $33,000. Wealth Watch Advisors INC bought a new position in shares of PACCAR in the third quarter valued at approximately $32,000. True Wealth Design LLC lifted its holdings in shares of PACCAR by 61.1% in the fourth quarter. True Wealth Design LLC now owns 364 shares of the company’s stock valued at $40,000 after purchasing an additional 138 shares in the last quarter. Finally, Navalign LLC bought a new position in shares of PACCAR in the fourth quarter valued at approximately $41,000. Institutional investors own 64.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Evercore set a $139.00 target price on PACCAR in a report on Monday. 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. JPMorgan Chase & Co. decreased their price target on PACCAR from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a research report on Tuesday, February 24th. Finally, Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, PACCAR has a consensus rating of “Hold” and a consensus target price of $122.00.

PACCAR Stock Performance

NASDAQ PCAR opened at $110.32 on Friday. PACCAR Inc. has a 52-week low of $90.05 and a 52-week high of $131.88. The company has a 50-day simple moving average of $118.77 and a 200 day simple moving average of $115.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.91 and a current ratio of 3.11. The company has a market capitalization of $58.06 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.05 and a beta of 1.02.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.44 billion. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 earnings per share. On average, research analysts predict that PACCAR Inc. will post 5.59 EPS for the current year.

PACCAR Increases Dividend

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

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.