11,228 Shares in PACCAR Inc. $PCAR Acquired by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd bought a new position in shares of PACCAR Inc. (NASDAQ:PCAR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,228 shares of the company’s stock, valued at approximately $1,230,000.

Several other large investors have also added to or reduced their stakes in the business. Jackson Square Capital LLC grew its stake in PACCAR by 3.5% during the fourth quarter. Jackson Square Capital LLC now owns 2,650 shares of the company’s stock worth $290,000 after purchasing an additional 90 shares during the period. Lakeside Advisors INC. grew its stake in PACCAR by 0.3% during the fourth quarter. Lakeside Advisors INC. now owns 34,053 shares of the company’s stock worth $3,729,000 after purchasing an additional 92 shares during the period. D.B. Root & Company LLC grew its stake in PACCAR by 3.8% during the fourth quarter. D.B. Root & Company LLC now owns 2,720 shares of the company’s stock worth $298,000 after purchasing an additional 100 shares during the period. First Pacific Financial grew its stake in PACCAR by 11.1% during the fourth quarter. First Pacific Financial now owns 1,058 shares of the company’s stock worth $116,000 after purchasing an additional 106 shares during the period. Finally, Fulton Bank N.A. grew its stake in PACCAR by 3.2% during the fourth quarter. Fulton Bank N.A. now owns 3,458 shares of the company’s stock worth $379,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Stock Down 2.0%

Shares of NASDAQ:PCAR opened at $110.32 on Friday. The business’s 50 day simple moving average is $118.77 and its two-hundred day simple moving average is $115.36. The firm has a market cap of $58.06 billion, a P/E ratio of 23.47, a PEG ratio of 1.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.91 and a current ratio of 3.11. PACCAR Inc. has a 52-week low of $90.05 and a 52-week high of $131.88.

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

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be issued a $0.35 dividend. 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%. The ex-dividend date is Wednesday, May 13th. PACCAR’s dividend payout ratio is 29.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. Weiss Ratings upgraded PACCAR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Citigroup reiterated a “neutral” rating and issued a $125.00 price target (down from $130.00) on shares of PACCAR in a report on Thursday, April 30th. Wells Fargo & Company set a $125.00 price target on PACCAR and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. cut their price target on PACCAR from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, PACCAR has a consensus rating of “Hold” and an average price target 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.