Epoch Investment Partners Inc. Has $137.28 Million Stock Holdings in PACCAR Inc. $PCAR

Epoch Investment Partners Inc. decreased its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,253,602 shares of the company’s stock after selling 100,570 shares during the period. Epoch Investment Partners Inc. owned approximately 0.24% of PACCAR worth $137,282,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new position in PACCAR during the fourth quarter worth $27,000. MCF Advisors LLC raised its holdings in PACCAR by 57.5% during the fourth quarter. MCF Advisors LLC now owns 252 shares of the company’s stock worth $28,000 after buying an additional 92 shares during the last quarter. Elyxium Wealth LLC acquired a new position in PACCAR during the fourth quarter worth $30,000. Camelot Portfolios LLC acquired a new position in PACCAR during the fourth quarter worth $33,000. Finally, Wealth Watch Advisors INC acquired a new position in PACCAR during the third quarter worth $32,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PCAR. Truist Financial upped their price objective on shares of PACCAR from $120.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. BNP Paribas Exane began coverage on shares of PACCAR in a report on Tuesday, March 31st. They set a “neutral” rating and a $126.00 price objective on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. Evercore set a $139.00 target price on shares of PACCAR in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of PACCAR from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $122.00.

PACCAR Stock Performance

NASDAQ PCAR opened at $118.52 on Friday. PACCAR Inc. has a 1 year low of $90.05 and a 1 year high of $131.88. 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 cap of $62.38 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 1.10 and a beta of 0.98. The company has a fifty day moving average price of $117.65 and a 200-day moving average price of $117.48.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the business posted $1.46 EPS. The business’s revenue was down 9.8% compared to the same quarter last year. As a group, equities research analysts predict that PACCAR Inc. will post 5.59 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were issued a $0.35 dividend. This is an increase from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. PACCAR’s payout ratio is presently 29.79%.

PACCAR Company Profile

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.