Paloma Partners Management Co raised its position in PACCAR Inc (NASDAQ:PCAR) by 506.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,769 shares of the company’s stock after buying an additional 73,305 shares during the quarter. Paloma Partners Management Co’s holdings in PACCAR were worth $6,238,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PCAR. Nationwide Fund Advisors lifted its stake in PACCAR by 2.0% in the third quarter. Nationwide Fund Advisors now owns 116,603 shares of the company’s stock valued at $8,435,000 after buying an additional 2,334 shares during the last quarter. American Century Companies Inc. lifted its stake in PACCAR by 1.7% in the third quarter. American Century Companies Inc. now owns 718,760 shares of the company’s stock valued at $51,995,000 after buying an additional 12,031 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in PACCAR by 3.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 37,498 shares of the company’s stock valued at $2,713,000 after buying an additional 1,201 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in PACCAR by 222.2% in the third quarter. BNP Paribas Arbitrage SA now owns 142,576 shares of the company’s stock valued at $10,314,000 after buying an additional 98,332 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in PACCAR in the third quarter valued at approximately $4,811,000. Institutional investors own 64.25% of the company’s stock.
In other PACCAR news, VP Marco A. Davila acquired 570 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average price of $69.05 per share, with a total value of $39,358.50. Following the completion of the acquisition, the vice president now directly owns 7,536 shares of the company’s stock, valued at approximately $520,360.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.64% of the company’s stock.
PACCAR Inc (PCAR) opened at $69.07 on Monday. PACCAR Inc has a twelve month low of $61.93 and a twelve month high of $79.69. The firm has a market capitalization of $24,318.55, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.34 and a beta of 1.21. The company has a current ratio of 2.49, a quick ratio of 2.34 and a debt-to-equity ratio of 0.74.
PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. PACCAR had a return on equity of 19.65% and a net margin of 8.61%. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. PACCAR’s quarterly revenue was up 36.0% on a year-over-year basis. analysts expect that PACCAR Inc will post 5.29 EPS for the current fiscal year.
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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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