Amundi Pioneer Asset Management Inc. purchased a new position in PACCAR Inc (NASDAQ:PCAR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 277,870 shares of the company’s stock, valued at approximately $19,751,000.
A number of other hedge funds and other institutional investors have also modified their holdings of PCAR. NuWave Investment Management LLC acquired a new stake in shares of PACCAR during the fourth quarter worth about $160,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of PACCAR during the fourth quarter worth about $171,000. Hartland & Co. LLC acquired a new stake in shares of PACCAR during the third quarter worth about $206,000. Regentatlantic Capital LLC acquired a new stake in shares of PACCAR during the fourth quarter worth about $202,000. Finally, Checchi Capital Advisers LLC acquired a new stake in shares of PACCAR during the fourth quarter worth about $206,000. 64.25% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on the company. Wells Fargo & Co lifted their target price on PACCAR from $75.00 to $80.00 and gave the stock a “market perform” rating in a report on Thursday, January 18th. Seaport Global Securities reissued a “neutral” rating on shares of PACCAR in a report on Tuesday, January 16th. Stifel Nicolaus reissued a “hold” rating and issued a $77.00 price target on shares of PACCAR in a report on Tuesday, January 30th. Buckingham Research boosted their price target on PACCAR from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $82.00 price target on shares of PACCAR in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. PACCAR presently has an average rating of “Hold” and a consensus target price of $76.24.
Shares of PACCAR Inc (NASDAQ PCAR) opened at $67.38 on Wednesday. The company has a market capitalization of $23,720.00, a P/E ratio of 15.82, a PEG ratio of 1.34 and a beta of 1.21. PACCAR Inc has a 12-month low of $61.93 and a 12-month high of $79.69. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.49 and a quick ratio of 2.34.
PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.06. The business had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.87 billion. PACCAR had a return on equity of 19.65% and a net margin of 8.61%. The business’s revenue was up 36.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. sell-side analysts anticipate that PACCAR Inc will post 5.29 EPS for the current fiscal year.
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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