Fuller & Thaler Asset Management Inc. Purchases New Position in PACCAR Inc (PCAR)
Fuller & Thaler Asset Management Inc. purchased a new stake in PACCAR Inc (NASDAQ:PCAR) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,400 shares of the company’s stock, valued at approximately $171,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Amalgamated Bank raised its position in PACCAR by 1.9% during the 3rd quarter. Amalgamated Bank now owns 39,491 shares of the company’s stock worth $2,857,000 after purchasing an additional 733 shares during the last quarter. Commonwealth Bank of Australia raised its position in PACCAR by 1.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 42,437 shares of the company’s stock worth $3,065,000 after purchasing an additional 791 shares during the last quarter. DnB Asset Management AS raised its position in PACCAR by 2.0% during the 4th quarter. DnB Asset Management AS now owns 46,243 shares of the company’s stock worth $3,287,000 after purchasing an additional 900 shares during the last quarter. Heritage Investors Management Corp raised its position in PACCAR by 0.3% during the 4th quarter. Heritage Investors Management Corp now owns 285,340 shares of the company’s stock worth $20,282,000 after purchasing an additional 920 shares during the last quarter. Finally, MUFG Americas Holdings Corp raised its position in PACCAR by 43.7% during the 3rd quarter. MUFG Americas Holdings Corp now owns 3,162 shares of the company’s stock worth $229,000 after purchasing an additional 962 shares during the last quarter. Institutional investors own 64.40% of the company’s stock.
Shares of PACCAR Inc (NASDAQ PCAR) opened at $67.19 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.49 and a quick ratio of 2.34. The company has a market capitalization of $24,301.16, a PE ratio of 14.15, a PEG ratio of 1.31 and a beta of 1.21. PACCAR Inc has a 12 month low of $61.93 and a 12 month high of $79.69.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be paid a $0.25 dividend. The ex-dividend date is Monday, February 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. PACCAR’s dividend payout ratio is presently 21.05%.
PCAR has been the subject of several analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $82.00 target price on shares of PACCAR in a research report on Thursday, January 11th. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, January 2nd. Argus upgraded PACCAR from a “hold” rating to a “buy” rating in a report on Monday, November 6th. BidaskClub upgraded PACCAR from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Finally, UBS Group set a $79.00 price target on PACCAR and gave the stock a “buy” rating in a report on Thursday, November 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. PACCAR presently has a consensus rating of “Hold” and a consensus target price of $75.65.
In other news, VP Marco A. Davila bought 570 shares of PACCAR stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of $69.05 per share, for a total transaction of $39,358.50. Following the purchase, the vice president now directly owns 7,536 shares in the company, valued at approximately $520,360.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.64% of the company’s stock.
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PACCAR Company Profile
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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