Eurizon Capital SGR S.p.A. Acquires New Holdings in PACCAR Inc. $PCAR

Eurizon Capital SGR S.p.A. acquired a new stake in PACCAR Inc. (NASDAQ:PCAR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 369,153 shares of the company’s stock, valued at approximately $40,429,000. Eurizon Capital SGR S.p.A. owned 0.07% of PACCAR at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ares Financial Consulting LLC purchased a new stake in PACCAR in the 4th quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in PACCAR in the 4th quarter valued at about $30,000. Wealth Watch Advisors INC purchased a new stake in PACCAR in the 3rd quarter valued at about $32,000. Camelot Portfolios LLC purchased a new stake in PACCAR in the 4th quarter valued at about $33,000. Finally, AlphaQuest LLC purchased a new stake in PACCAR in the 3rd quarter valued at about $38,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

PACCAR Stock Down 1.6%

Shares of NASDAQ:PCAR opened at $110.37 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.11 and a quick ratio of 2.91. The firm has a market capitalization of $58.09 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.02 and a beta of 1.02. The firm’s 50-day moving average is $117.34 and its two-hundred day moving average is $116.20. PACCAR Inc. has a 1 year low of $90.05 and a 1 year high of $131.88.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.15. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. Analysts predict that PACCAR Inc. will post 5.59 EPS for the current year.

PACCAR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, May 13th. This is a positive change from PACCAR’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. PACCAR’s payout ratio is currently 29.79%.

Analyst Ratings Changes

A number of analysts have issued reports on PCAR shares. Wells Fargo & Company set a $125.00 price target on shares of PACCAR and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Truist Financial boosted their price target on shares of PACCAR from $120.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings lowered shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Finally, Citigroup reiterated a “neutral” rating and set a $125.00 price target (down from $130.00) on shares of PACCAR in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, PACCAR presently has an average rating of “Hold” and an average price target of $122.00.

About PACCAR

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.