PACCAR Inc. $PCAR Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 16.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,983 shares of the company’s stock after purchasing an additional 6,845 shares during the period. UniSuper Management Pty Ltd’s holdings in PACCAR were worth $4,816,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PCAR. Private Wealth Management Group LLC raised its stake in shares of PACCAR by 293.1% during the 3rd quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock worth $28,000 after buying an additional 211 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of PACCAR by 53.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in PACCAR by 43.8% during the second quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $42,000 after acquiring an additional 134 shares during the period. Trust Co. of Toledo NA OH purchased a new position in PACCAR in the second quarter worth $62,000. Finally, Ameritas Advisory Services LLC acquired a new stake in PACCAR in the second quarter valued at $71,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Stock Performance

NASDAQ:PCAR opened at $122.00 on Monday. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $64.07 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 14.42 and a beta of 1.01. The firm has a 50-day moving average price of $111.38 and a two-hundred day moving average price of $102.90. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $124.53.

PACCAR Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, February 11th. PACCAR’s payout ratio is currently 25.83%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PCAR shares. Wells Fargo & Company set a $119.00 price target on shares of PACCAR and gave the stock an “equal weight” rating in a research note on Friday. Wall Street Zen downgraded shares of PACCAR from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Raymond James Financial restated a “market perform” rating on shares of PACCAR in a research report on Tuesday, October 21st. Citigroup reiterated a “neutral” rating and set a $120.00 price target (up from $113.56) on shares of PACCAR in a research report on Tuesday, January 13th. Finally, Wolfe Research raised PACCAR from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $113.42.

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.