25,252 PACCAR Inc. $PCAR Shares Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. boosted its stake in PACCAR Inc. (NASDAQ:PCAR) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 354,312 shares of the company’s stock after acquiring an additional 25,252 shares during the quarter. Eurizon Capital SGR S.p.A. owned 0.07% of PACCAR worth $38,912,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in PACCAR during the 2nd quarter worth about $4,927,720,000. Bank of America Corp DE bought a new stake in shares of PACCAR in the second quarter valued at about $1,130,496,000. Bank of New York Mellon Corp acquired a new position in shares of PACCAR during the second quarter worth about $453,107,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of PACCAR by 9.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,424,315 shares of the company’s stock worth $411,329,000 after buying an additional 305,215 shares during the period. Finally, Amundi boosted its position in shares of PACCAR by 108.7% during the second quarter. Amundi now owns 3,197,359 shares of the company’s stock worth $384,066,000 after buying an additional 1,665,545 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Evercore lifted their target price on PACCAR from $139.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PACCAR in a research report on Tuesday, August 18th. Wells Fargo & Company set a $122.00 price target on PACCAR and gave the stock an “equal weight” rating in a research report on Thursday, October 8th. Royal Bank Of Canada raised shares of 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 research note on Thursday, September 10th. Finally, Truist Financial lowered their price objective on shares of PACCAR from $125.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, October 28th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $131.96.

PACCAR Stock Performance

NASDAQ PCAR opened at $106.66 on Friday. 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 firm’s fifty day moving average price is $110.53 and its two-hundred day moving average price is $119.34. PACCAR Inc. has a 1 year low of $93.86 and a 1 year high of $139.24. The firm has a market capitalization of $56.16 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $1.61 EPS for the quarter, meeting analysts’ consensus estimates of $1.61. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $7.48 billion. PACCAR had a net margin of 9.50% and a return on equity of 13.76%. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. As a group, research analysts anticipate that PACCAR Inc. will post 5.84 EPS for the current year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 11th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, November 10th. PACCAR’s dividend payout ratio (DPR) is 26.67%.

About PACCAR

PACCAR Inc. is a global manufacturer of commercial trucks and a provider of related products and services. Its truck brands include Kenworth and Peterbilt in North America and DAF in Europe. The company also manufactures engines and supplies replacement parts and aftermarket support for its vehicles. PACCAR serves customers through manufacturing, sales and service operations across North America, Europe and other international markets. Its businesses also include PACCAR Financial, which provides financing and leasing solutions to truck customers and dealers.