PACCAR Inc. (NASDAQ:PCAR) Shares Bought by GF Fund Management CO. LTD.
by Teresa Graham · The Cerbat GemGF Fund Management CO. LTD. grew its position in PACCAR Inc. (NASDAQ:PCAR – Free Report) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,194 shares of the company’s stock after buying an additional 1,827 shares during the quarter. GF Fund Management CO. LTD.’s holdings in PACCAR were worth $9,853,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of PCAR. Cullen Frost Bankers Inc. increased its stake in PACCAR by 8.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 85,719 shares of the company’s stock worth $8,916,000 after purchasing an additional 6,494 shares during the period. LPL Financial LLC lifted its holdings in PACCAR by 6.1% during the 4th quarter. LPL Financial LLC now owns 212,405 shares of the company’s stock worth $22,094,000 after buying an additional 12,143 shares in the last quarter. American Century Companies Inc. lifted its holdings in PACCAR by 15.8% during the 4th quarter. American Century Companies Inc. now owns 631,369 shares of the company’s stock worth $65,675,000 after buying an additional 86,215 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in PACCAR by 15.1% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 794,946 shares of the company’s stock valued at $77,404,000 after buying an additional 104,281 shares during the period. Finally, Natixis Advisors LLC grew its stake in shares of PACCAR by 20.8% in the fourth quarter. Natixis Advisors LLC now owns 1,042,761 shares of the company’s stock worth $108,468,000 after acquiring an additional 179,577 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.
PACCAR Stock Down 2.1%
Shares of NASDAQ:PCAR opened at $97.28 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.19 and a debt-to-equity ratio of 0.55. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $118.81. The company has a market capitalization of $51.07 billion, a PE ratio of 14.74, a P/E/G ratio of 3.67 and a beta of 0.94. The firm has a 50 day simple moving average of $93.34 and a 200-day simple moving average of $99.29.
PACCAR (NASDAQ:PCAR – Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.12). The firm had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.13 billion. PACCAR had a return on equity of 20.79% and a net margin of 10.73%. The company’s quarterly revenue was down 16.0% on a year-over-year basis. During the same period last year, the firm earned $2.27 EPS. On average, equities analysts predict that PACCAR Inc. will post 7.57 EPS for the current fiscal year.
PACCAR Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were given a $0.33 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $1.32 annualized dividend and a yield of 1.36%. PACCAR’s dividend payout ratio (DPR) is 20.00%.
Insiders Place Their Bets
In other PACCAR news, Director Pierre R. Breber acquired 5,000 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $89.78 per share, with a total value of $448,900.00. Following the transaction, the director owned 13,015 shares of the company’s stock, valued at approximately $1,168,486.70. This trade represents a 62.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.02% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on PCAR shares. JPMorgan Chase & Co. lowered PACCAR from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $105.00 to $90.00 in a report on Wednesday, April 30th. Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Morgan Stanley downgraded shares of PACCAR from an “overweight” rating to an “equal weight” rating and set a $96.00 price target for the company. in a research note on Wednesday, April 16th. UBS Group cut shares of PACCAR from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $108.00 to $78.00 in a report on Monday, April 7th. Finally, Melius Research set a $120.00 price objective on shares of PACCAR in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PACCAR presently has a consensus rating of “Hold” and an average price target of $104.59.
Read Our Latest Stock Report on PCAR
PACCAR Company Profile
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.
See Also
- Five stocks we like better than PACCAR
- What is Forex and How Does it Work?
- Rigetti Computing: Cantor’s Bullish Call May Be Just the Start
- About the Markup Calculator
- Big Bank Buybacks: Morgan Stanley, Citi, & Wells Fargo Lead
- 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
- 3 Top Stocks Under $20 Riding the “Made in America” Wave
Want to see what other hedge funds are holding PCAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PACCAR Inc. (NASDAQ:PCAR – Free Report).