PACCAR Inc. $PCAR Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its holdings in PACCAR Inc. (NASDAQ:PCAR) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,901 shares of the company’s stock after purchasing an additional 5,964 shares during the period. O Shaughnessy Asset Management LLC’s holdings in PACCAR were worth $8,531,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Ares Financial Consulting LLC acquired a new position in shares of PACCAR in the 4th quarter valued at approximately $27,000. MCF Advisors LLC raised its position in shares of PACCAR by 57.5% in the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 92 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of PACCAR during the 4th quarter valued at approximately $30,000. Camelot Portfolios LLC acquired a new stake in shares of PACCAR during the 4th quarter valued at approximately $33,000. Finally, Wealth Watch Advisors INC acquired a new stake in shares of PACCAR during the 3rd quarter valued at approximately $32,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PCAR shares. Sanford C. Bernstein restated an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. Citigroup restated a “neutral” rating and issued a $125.00 target price (down from $130.00) on shares of PACCAR in a research note on Thursday, April 30th. Wells Fargo & Company set a $125.00 target price on PACCAR and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Truist Financial increased their target price on PACCAR from $120.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $122.00.

PACCAR Price Performance

Shares of NASDAQ PCAR opened at $113.99 on Thursday. 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 business’s fifty day moving average price is $117.59 and its two-hundred day moving average price is $117.37. The firm has a market capitalization of $59.99 billion, a PE ratio of 24.25, a P/E/G ratio of 1.11 and a beta of 0.98.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, April 28th. The company reported $1.15 earnings per share for the quarter, hitting the consensus estimate of $1.15. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the company earned $1.46 earnings per share. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, research analysts expect that PACCAR Inc. will post 5.59 EPS for the current year.

PACCAR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This is a positive change from PACCAR’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.2%. PACCAR’s dividend payout ratio (DPR) is currently 29.79%.

About PACCAR

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.