Brown Advisory Inc. trimmed its holdings in PACCAR Inc (NASDAQ:PCAR) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,336 shares of the company’s stock after selling 1,625 shares during the quarter. Brown Advisory Inc.’s holdings in PACCAR were worth $4,288,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. NuWave Investment Management LLC acquired a new stake in PACCAR in the 4th quarter valued at about $160,000. Hartland & Co. LLC purchased a new stake in PACCAR during the third quarter valued at about $206,000. Regentatlantic Capital LLC purchased a new stake in PACCAR during the fourth quarter valued at about $202,000. Checchi Capital Advisers LLC purchased a new stake in PACCAR during the fourth quarter valued at about $206,000. Finally, BB&T Securities LLC purchased a new stake in PACCAR during the third quarter valued at about $210,000. 64.40% of the stock is owned by institutional investors.
In related news, VP Marco A. Davila purchased 570 shares of PACCAR stock in a transaction dated Friday, February 16th. The stock was acquired at an average cost of $69.05 per share, with a total value of $39,358.50. Following the completion of the transaction, the vice president now directly owns 7,536 shares of the company’s stock, valued at $520,360.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.64% of the stock is owned by corporate insiders.
Shares of PACCAR Inc (PCAR) opened at $71.23 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 2.49 and a debt-to-equity ratio of 0.74. The stock has a market cap of $25,070.00, a P/E ratio of 16.72, a PEG ratio of 1.35 and a beta of 1.22. PACCAR Inc has a 52-week low of $61.93 and a 52-week high of $79.69.
PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.87 billion. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. research analysts anticipate that PACCAR Inc will post 5.28 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Monday, February 12th. PACCAR’s dividend payout ratio (DPR) is 23.47%.
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PACCAR Company Profile
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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