PACCAR Inc. $PCAR Holdings Decreased by Heritage Investors Management Corp

Heritage Investors Management Corp trimmed its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 9.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,346 shares of the company’s stock after selling 15,071 shares during the period. Heritage Investors Management Corp’s holdings in PACCAR were worth $15,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Columbia Bank boosted its position in PACCAR by 1.1% during the third quarter. Columbia Bank now owns 14,571 shares of the company’s stock valued at $1,600,000 after purchasing an additional 159 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in PACCAR in the third quarter valued at about $41,917,000. ProShare Advisors LLC raised its holdings in PACCAR by 3.6% in the third quarter. ProShare Advisors LLC now owns 590,363 shares of the company’s stock worth $64,828,000 after purchasing an additional 20,744 shares in the last quarter. Vise Technologies Inc. raised its holdings in PACCAR by 27.6% in the third quarter. Vise Technologies Inc. now owns 19,281 shares of the company’s stock worth $2,117,000 after purchasing an additional 4,173 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its position in shares of PACCAR by 10.7% during the third quarter. Moss Adams Wealth Advisors LLC now owns 3,909 shares of the company’s stock valued at $429,000 after buying an additional 378 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PCAR. Wells Fargo & Company set a $122.00 price objective on shares of PACCAR and gave the stock an “equal weight” rating in a research note on Thursday, October 8th. Evercore boosted their target price on PACCAR from $139.00 to $162.00 and gave the stock an “outperform” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. reduced their target price on PACCAR from $142.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. BNP Paribas Exane lowered their price target on PACCAR from $136.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, October 6th. Finally, Royal Bank Of Canada raised PACCAR from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $130.00 to $150.00 in a report on Thursday, September 10th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $132.96.

PACCAR Stock Performance

NASDAQ:PCAR opened at $101.91 on Monday. PACCAR Inc. has a 12 month low of $93.86 and a 12 month high of $139.24. The firm has a fifty day simple moving average of $114.82 and a 200-day simple moving average of $120.15. The company has a current ratio of 3.22, a quick ratio of 2.98 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $53.66 billion, a P/E ratio of 19.41, a PEG ratio of 1.31 and a beta of 0.96.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 27th. The company reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. The firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $7.48 billion. PACCAR had a return on equity of 13.76% and a net margin of 9.50%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. On average, equities research analysts anticipate that PACCAR Inc. will post 5.84 earnings per share for the current year.

PACCAR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. PACCAR’s dividend payout ratio (DPR) is currently 26.67%.

PACCAR Profile

PACCAR Inc (NASDAQ: PCAR) is a global manufacturer of heavy- and medium-duty trucks. Through its Kenworth, Peterbilt and DAF brands, the company produces vehicles used for long-haul transportation, construction, distribution and other commercial applications. PACCAR also manufactures PACCAR-branded engines and provides related parts and aftermarket support.

The company’s operations extend across North America, Europe, South America, Australia and other international markets. In addition to truck manufacturing, PACCAR operates a worldwide parts distribution network and offers financial services, including retail financing and leasing for trucks and related equipment.