Toronto Dominion Bank boosted its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,631 shares of the company’s stock after buying an additional 21,351 shares during the period. Toronto Dominion Bank’s holdings in PACCAR were worth $10,992,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of the company. NuWave Investment Management LLC acquired a new stake in PACCAR during the 4th quarter worth about $160,000. Regentatlantic Capital LLC purchased a new stake in shares of PACCAR during the 4th quarter worth about $202,000. Cetera Investment Advisers purchased a new stake in shares of PACCAR during the 2nd quarter worth about $204,000. Hartland & Co. LLC purchased a new stake in shares of PACCAR during the 3rd quarter worth about $206,000. Finally, Checchi Capital Advisers LLC purchased a new stake in shares of PACCAR during the 4th quarter worth about $206,000. 64.40% of the stock is currently owned by institutional investors and hedge funds.
PACCAR Inc (NASDAQ PCAR) traded up $0.92 during trading on Friday, hitting $71.32. 2,176,755 shares of the stock traded hands, compared to its average volume of 2,506,501. The stock has a market cap of $24,779.86, a PE ratio of 15.01, a P/E/G ratio of 1.33 and a beta of 1.22. PACCAR Inc has a 1-year low of $61.93 and a 1-year high of $79.69. The company has a current ratio of 2.49, a quick ratio of 0.90 and a debt-to-equity ratio of 0.74.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The business 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 company earned $0.82 EPS. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. sell-side analysts expect that PACCAR Inc will post 5.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be given a $0.25 dividend. The ex-dividend date is Monday, February 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. PACCAR’s dividend payout ratio (DPR) is presently 21.05%.
A number of brokerages recently weighed in on PCAR. Wells Fargo & Co reaffirmed a “hold” rating and issued a $75.00 price target (down from $80.00) on shares of PACCAR in a research note on Thursday. BidaskClub downgraded shares of PACCAR from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus set a $69.00 price objective on shares of PACCAR and gave the company a “hold” rating in a report on Sunday, February 11th. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “strong-buy” rating and set a $86.00 price objective for the company in a report on Friday, February 2nd. Finally, Credit Suisse Group cut their price target on shares of PACCAR from $75.00 to $74.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. PACCAR currently has an average rating of “Hold” and a consensus price target of $76.00.
In related news, VP Marco A. Davila purchased 570 shares of PACCAR stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of $69.05 per share, with a total value of $39,358.50. Following the completion of the transaction, the vice president now directly owns 7,536 shares in the company, valued at $520,360.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.64% of the stock is owned by insiders.
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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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