MUFG Securities EMEA plc Grows Stock Holdings in PACCAR Inc. $PCAR

MUFG Securities EMEA plc boosted its position in PACCAR Inc. (NASDAQ:PCAR) by 114.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,551 shares of the company’s stock after acquiring an additional 11,500 shares during the period. MUFG Securities EMEA plc’s holdings in PACCAR were worth $2,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of PACCAR in the 4th quarter valued at $727,745,000. UBS Group AG lifted its holdings in shares of PACCAR by 74.4% during the 4th quarter. UBS Group AG now owns 4,548,861 shares of the company’s stock valued at $498,146,000 after acquiring an additional 1,940,260 shares in the last quarter. American Century Companies Inc. lifted its holdings in PACCAR by 235.9% in the 3rd quarter. American Century Companies Inc. now owns 2,540,688 shares of the company’s stock worth $249,801,000 after buying an additional 1,784,236 shares in the last quarter. Capital Research Global Investors lifted its holdings in PACCAR by 20.3% in the 3rd quarter. Capital Research Global Investors now owns 5,971,153 shares of the company’s stock worth $587,084,000 after buying an additional 1,009,134 shares in the last quarter. Finally, Capital World Investors lifted its holdings in PACCAR by 11,269.8% in the 3rd quarter. Capital World Investors now owns 807,712 shares of the company’s stock worth $79,414,000 after buying an additional 800,608 shares in the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Stock Down 0.8%

PACCAR stock opened at $109.47 on Tuesday. The firm has a market cap of $57.61 billion, a PE ratio of 23.29, a P/E/G ratio of 1.02 and a beta of 0.98. 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 firm’s 50 day moving average price is $117.27 and its two-hundred day moving average price is $116.40. PACCAR Inc. has a twelve month low of $90.05 and a twelve month high of $131.88.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 earnings per share for the quarter, meeting the consensus estimate of $1.15. The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.44 billion. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS. On average, research analysts predict that PACCAR Inc. will post 5.59 EPS 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 paid a dividend of $0.35 per share. This is a positive change from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. PACCAR’s dividend payout ratio (DPR) is currently 29.79%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Citigroup reissued a “neutral” rating and issued a $125.00 target price (down from $130.00) on shares of PACCAR in a research report on Thursday, April 30th. BNP Paribas Exane assumed coverage on shares of PACCAR in a research note on Tuesday, March 31st. They set a “neutral” rating and a $126.00 target price for the company. Wells Fargo & Company set a $125.00 target price on shares of PACCAR and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Morgan Stanley set a $109.00 price target on shares of PACCAR and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings lowered shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, PACCAR presently has a consensus 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.