Charles Schwab Investment Management Inc. Purchases 74,671 Shares of PACCAR Inc (NASDAQ:PCAR)

Charles Schwab Investment Management Inc. raised its position in PACCAR Inc (NASDAQ:PCARGet Rating) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,793,415 shares of the company’s stock after purchasing an additional 74,671 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in PACCAR were worth $158,288,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. OPSEU Pension Plan Trust Fund raised its position in PACCAR by 1.3% in the fourth quarter. OPSEU Pension Plan Trust Fund now owns 8,341 shares of the company’s stock valued at $754,000 after purchasing an additional 108 shares during the last quarter. Highland Private Wealth Management raised its position in PACCAR by 3.6% in the fourth quarter. Highland Private Wealth Management now owns 3,255 shares of the company’s stock valued at $288,000 after purchasing an additional 113 shares during the last quarter. Unison Advisors LLC raised its position in PACCAR by 0.5% in the fourth quarter. Unison Advisors LLC now owns 22,063 shares of the company’s stock valued at $1,981,000 after purchasing an additional 118 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in PACCAR by 3.6% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,470 shares of the company’s stock valued at $306,000 after purchasing an additional 120 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in PACCAR by 10.9% in the third quarter. Penserra Capital Management LLC now owns 1,237 shares of the company’s stock valued at $97,000 after purchasing an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Several brokerages have recently weighed in on PCAR. Credit Suisse Group increased their price target on PACCAR from $109.00 to $114.00 and gave the company an “outperform” rating in a research note on Wednesday, January 26th. Bank of America increased their price target on PACCAR from $85.00 to $90.00 and gave the company an “underperform” rating in a research note on Wednesday, January 26th. Morgan Stanley decreased their price target on PACCAR from $98.00 to $90.00 and set an “equal weight” rating for the company in a research note on Monday, April 18th. UBS Group increased their price target on PACCAR from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, January 26th. Finally, Jefferies Financial Group cut PACCAR from a “buy” rating to a “hold” rating and decreased their price target for the company from $100.00 to $85.00 in a research note on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $98.25.

Shares of NASDAQ:PCAR opened at $79.81 on Friday. The business’s 50 day simple moving average is $85.51 and its two-hundred day simple moving average is $88.43. The firm has a market cap of $27.75 billion, a P/E ratio of 14.05, a PEG ratio of 1.16 and a beta of 0.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.22 and a current ratio of 2.47. PACCAR Inc has a 52-week low of $77.96 and a 52-week high of $97.56.

PACCAR (NASDAQ:PCARGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.21. The business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $5.86 billion. PACCAR had a return on equity of 17.20% and a net margin of 8.21%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 earnings per share. On average, equities analysts forecast that PACCAR Inc will post 7.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Wednesday, May 11th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, May 10th. This represents a $1.36 annualized dividend and a yield of 1.70%. PACCAR’s payout ratio is currently 23.94%.

PACCAR Profile (Get Rating)

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, 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

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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