Alliancebernstein L.P. lifted its holdings in PACCAR Inc (NASDAQ:PCAR) by 42.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 820,484 shares of the company’s stock after buying an additional 246,484 shares during the quarter. Alliancebernstein L.P. owned 0.23% of PACCAR worth $58,320,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Fulcrum Capital LLC purchased a new stake in shares of PACCAR in the fourth quarter valued at approximately $52,026,000. 361 Capital LLC purchased a new stake in shares of PACCAR in the third quarter valued at approximately $919,000. Cubist Systematic Strategies LLC boosted its stake in shares of PACCAR by 195.3% in the third quarter. Cubist Systematic Strategies LLC now owns 15,946 shares of the company’s stock valued at $1,154,000 after buying an additional 10,546 shares in the last quarter. BlackRock Inc. boosted its stake in shares of PACCAR by 8.9% in the fourth quarter. BlackRock Inc. now owns 29,378,299 shares of the company’s stock valued at $2,088,211,000 after buying an additional 2,401,617 shares in the last quarter. Finally, Miller Howard Investments Inc. NY purchased a new stake in shares of PACCAR in the fourth quarter valued at approximately $3,089,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.
In related news, VP Marco A. Davila purchased 570 shares of the business’s stock in a transaction dated 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 acquisition, the vice president now directly owns 7,536 shares in the company, valued at approximately $520,360.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.64% of the company’s stock.
PACCAR Inc (NASDAQ PCAR) opened at $67.74 on Tuesday. PACCAR Inc has a 1-year low of $61.93 and a 1-year high of $79.69. The firm has a market capitalization of $23,840.00, a price-to-earnings ratio of 15.90, a PEG ratio of 1.34 and a beta of 1.21. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.49 and a quick ratio of 2.34.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings results 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 company had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. equities research analysts anticipate that PACCAR Inc will post 5.29 EPS for the current year.
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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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