Norinchukin Bank The Buys 2,048 Shares of PACCAR Inc (PCAR)
Norinchukin Bank The raised its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 30,222 shares of the company’s stock after purchasing an additional 2,048 shares during the period. Norinchukin Bank The’s holdings in PACCAR were worth $2,148,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. NuWave Investment Management LLC bought a new stake in PACCAR during the fourth quarter valued at about $160,000. Hartland & Co. LLC bought a new stake in PACCAR during the third quarter valued at about $206,000. Regentatlantic Capital LLC bought a new stake in PACCAR during the fourth quarter valued at about $202,000. Checchi Capital Advisers LLC bought a new stake in PACCAR during the fourth quarter valued at about $206,000. Finally, BB&T Securities LLC bought a new stake in PACCAR during the third quarter valued at about $210,000. 64.40% of the stock is owned by institutional investors and hedge funds.
In other news, VP Marco A. Davila purchased 570 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average cost of $69.05 per share, with a total value of $39,358.50. Following the completion of the purchase, the vice president now owns 7,536 shares in the company, valued at $520,360.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.64% of the stock is currently owned by corporate insiders.
PACCAR Inc (PCAR) opened at $69.22 on Thursday. The firm has a market capitalization of $24,270.68, a PE ratio of 16.19, a PEG ratio of 1.31 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.08 and a quick ratio of 0.90. PACCAR Inc has a one year low of $61.93 and a one year high of $79.69.
PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. PACCAR had a return on equity of 19.65% and a net margin of 8.61%. The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same period in the prior year, the company earned $0.82 earnings per share. The firm’s revenue was up 36.0% on a year-over-year basis. research analysts forecast that PACCAR Inc will post 5.26 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Monday, February 12th. PACCAR’s payout ratio is presently 21.05%.
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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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