Nomura Asset Management Co. Ltd. lifted its position in PACCAR Inc (NASDAQ:PCAR) by 4.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,072 shares of the company’s stock after acquiring an additional 2,090 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in PACCAR were worth $3,772,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in PCAR. BlackRock Inc. raised its position in shares of PACCAR by 8.9% in the 4th quarter. BlackRock Inc. now owns 29,378,299 shares of the company’s stock worth $2,088,211,000 after acquiring an additional 2,401,617 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of PACCAR by 845.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 919,047 shares of the company’s stock worth $66,484,000 after acquiring an additional 821,847 shares in the last quarter. Fulcrum Capital LLC bought a new position in shares of PACCAR in the 4th quarter worth approximately $52,026,000. Bank of New York Mellon Corp raised its position in shares of PACCAR by 11.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,765,314 shares of the company’s stock worth $489,402,000 after acquiring an additional 694,185 shares in the last quarter. Finally, Boston Partners raised its position in shares of PACCAR by 25.0% in the 4th quarter. Boston Partners now owns 2,696,016 shares of the company’s stock worth $191,633,000 after acquiring an additional 539,915 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on PCAR shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $82.00 price objective on shares of PACCAR in a research report on Thursday, January 11th. Bank of America raised PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, January 2nd. BidaskClub raised PACCAR from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. UBS Group set a $79.00 price objective on PACCAR and gave the company a “buy” rating in a research report on Thursday, November 30th. Finally, JPMorgan Chase & Co. set a $83.00 price objective on PACCAR and gave the company a “buy” rating in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $76.24.
Shares of PACCAR Inc (NASDAQ PCAR) opened at $67.38 on Wednesday. The company has a market capitalization of $23,850.28, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21. PACCAR Inc has a fifty-two week low of $61.93 and a fifty-two week high of $79.69. The company has a quick ratio of 2.34, a current ratio of 2.49 and a debt-to-equity ratio of 0.74.
PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 30th. The company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.87 billion. PACCAR had a return on equity of 19.65% and a net margin of 8.61%. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. sell-side analysts expect that PACCAR Inc will post 5.29 earnings per share 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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