369,153 Shares in PACCAR Inc. $PCAR Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. bought a new position in shares of PACCAR Inc. (NASDAQ:PCAR) during the fourth quarter, Holdings Channel.com reports. The fund bought 369,153 shares of the company’s stock, valued at approximately $40,429,000.

A number of other large investors have also recently made changes to their positions in PCAR. Ares Financial Consulting LLC purchased a new stake in shares of PACCAR during the fourth quarter worth approximately $27,000. Elyxium Wealth LLC purchased a new stake in shares of PACCAR during the fourth quarter worth approximately $30,000. Wealth Watch Advisors INC purchased a new stake in shares of PACCAR during the third quarter worth approximately $32,000. Camelot Portfolios LLC acquired a new position in PACCAR in the fourth quarter valued at approximately $33,000. Finally, AlphaQuest LLC acquired a new position in PACCAR in the third quarter valued at approximately $38,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PCAR has been the subject of a number of research analyst reports. Evercore set a $139.00 price target on PACCAR in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their price target on PACCAR from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Truist Financial upped their price target on PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Morgan Stanley set a $109.00 price target on PACCAR and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $122.00.

PACCAR Price Performance

PCAR stock opened at $110.37 on Friday. The company has a market capitalization of $58.09 billion, a P/E ratio of 23.48, a PEG ratio of 1.02 and a beta of 1.02. PACCAR Inc. has a twelve month low of $90.05 and a twelve month high of $131.88. The business has a 50 day simple moving average of $117.34 and a 200-day simple moving average of $116.20. The company has a current ratio of 3.11, a quick ratio of 2.91 and a debt-to-equity ratio of 0.52.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 earnings per share for the quarter, meeting the consensus estimate of $1.15. The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.44 billion. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The company’s revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 earnings per share. As a group, equities analysts anticipate that PACCAR Inc. will post 5.59 EPS for the current year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This is an increase from PACCAR’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. PACCAR’s dividend payout ratio is currently 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.