PBU The Pension Fund of Early Childhood & Youth Educators Makes New Investment in PACCAR Inc. $PCAR

PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of PACCAR Inc. (NASDAQ:PCAR) during the fourth quarter, HoldingsChannel reports. The firm bought 151,321 shares of the company’s stock, valued at approximately $16,571,000.

A number of other large investors also recently bought and sold shares of PCAR. Vanguard Group Inc. lifted its stake in PACCAR by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 63,475,226 shares of the company’s stock worth $6,951,172,000 after purchasing an additional 363,782 shares during the last quarter. Geode Capital Management LLC lifted its stake in PACCAR by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 12,308,610 shares of the company’s stock worth $1,350,867,000 after purchasing an additional 50,622 shares during the last quarter. Norges Bank acquired a new stake in shares of PACCAR during the fourth quarter worth $727,745,000. Capital Research Global Investors lifted its position in shares of 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 during the last quarter. Finally, Invesco Ltd. lifted its position in shares of PACCAR by 3.5% in the 3rd quarter. Invesco Ltd. now owns 5,396,888 shares of the company’s stock worth $530,622,000 after buying an additional 184,502 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PCAR. Wells Fargo & Company set a $125.00 price target on shares of PACCAR and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price target on shares of PACCAR from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Citigroup restated a “neutral” rating and issued a $125.00 price target (down from $130.00) on shares of PACCAR in a research report on Thursday, April 30th. BNP Paribas Exane started coverage on PACCAR in a report on Tuesday, March 31st. They set a “neutral” rating and a $126.00 target price for the company. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. One 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $122.00.

PACCAR Price Performance

Shares of PCAR opened at $116.68 on Friday. The company has a market cap of $61.41 billion, a P/E ratio of 24.83, a PEG ratio of 1.10 and a beta of 0.98. The stock has a fifty day moving average price of $117.35 and a 200 day moving average price of $116.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.11 and a quick ratio of 2.91. 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 data on Tuesday, April 28th. The company reported $1.15 EPS for the quarter, hitting analysts’ consensus estimates of $1.15. The firm had revenue of $6.78 billion during 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 firm’s revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.46 EPS. On average, research analysts forecast that PACCAR Inc. will post 5.59 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th were given a dividend of $0.35 per share. 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 1.2%. The ex-dividend date was Wednesday, May 13th. PACCAR’s 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.