Nomura Asset Management Co. Ltd. lifted its position in PACCAR Inc (NASDAQ:PCAR) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,072 shares of the company’s stock after buying an additional 2,090 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in PACCAR were worth $3,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of PACCAR by 8.9% in the 4th quarter. BlackRock Inc. now owns 29,378,299 shares of the company’s stock worth $2,088,211,000 after buying an additional 2,401,617 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of PACCAR by 11.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,765,314 shares of the company’s stock worth $489,402,000 after buying an additional 694,185 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of PACCAR by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 4,104,838 shares of the company’s stock worth $291,223,000 after buying an additional 266,591 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of PACCAR by 8.4% in the 4th quarter. Victory Capital Management Inc. now owns 3,041,683 shares of the company’s stock worth $216,203,000 after buying an additional 235,097 shares during the last quarter. Finally, Boston Partners lifted its position in PACCAR by 25.0% during the fourth quarter. Boston Partners now owns 2,696,016 shares of the company’s stock valued at $191,633,000 after purchasing an additional 539,915 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.
Shares of PACCAR Inc (PCAR) opened at $67.38 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 2.34 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $23,850.28, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21. PACCAR Inc has a twelve month low of $61.93 and a twelve month high of $79.69.
Several equities analysts recently weighed in on PCAR shares. Piper Jaffray Companies set a $67.00 target price on PACCAR and gave the company a “hold” rating in a research report on Sunday, December 10th. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Tuesday, January 2nd. ValuEngine downgraded PACCAR from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Zacks Investment Research downgraded PACCAR from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Wells Fargo & Co lifted their target price on PACCAR from $75.00 to $80.00 and gave the company a “market perform” rating in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $76.24.
In other PACCAR news, VP Marco A. Davila purchased 570 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were acquired at an average cost of $69.05 per share, with a total value of $39,358.50. Following the completion of the acquisition, the vice president now directly owns 7,536 shares in the company, valued at $520,360.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.64% of the stock is owned by company insiders.
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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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