PBU The Pension Fund of Early Childhood & Youth Educators Invests $16.57 Million in PACCAR Inc. $PCAR

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in PACCAR Inc. (NASDAQ:PCAR) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 151,321 shares of the company’s stock, valued at approximately $16,571,000.

Other large investors also recently modified their holdings of the company. Ares Financial Consulting LLC purchased a new position in shares of PACCAR in the 4th quarter worth about $27,000. Elyxium Wealth LLC acquired a new stake in shares of PACCAR in the fourth quarter valued at about $30,000. Wealth Watch Advisors INC acquired a new stake in shares of PACCAR in the third quarter valued at about $32,000. Camelot Portfolios LLC acquired a new stake in shares of PACCAR in the fourth quarter valued at about $33,000. Finally, AlphaQuest LLC acquired a new stake in shares of PACCAR in the third quarter valued at about $38,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PCAR. BNP Paribas Exane began coverage on PACCAR in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 target price for the company. JPMorgan Chase & Co. lowered their target price on PACCAR from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Sanford C. Bernstein reiterated an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. Wells Fargo & Company set a $125.00 target price on PACCAR and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Finally, Truist Financial increased their target price on PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $122.00.

PACCAR Trading Down 1.2%

Shares of PCAR opened at $116.68 on Friday. The company has a market capitalization of $61.41 billion, a P/E ratio of 24.83, a P/E/G ratio of 1.10 and a beta of 0.98. PACCAR Inc. has a one year low of $90.05 and a one year high of $131.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.91 and a current ratio of 3.11. The stock has a 50-day moving average price of $117.35 and a 200 day moving average price of $116.78.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.15 EPS for the quarter, meeting analysts’ consensus estimates of $1.15. The firm 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%.PACCAR’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.46 earnings per share. Sell-side analysts forecast that PACCAR Inc. will post 5.59 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm 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. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 13th. PACCAR’s dividend payout ratio (DPR) 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.