Vanguard Personalized Indexing Management LLC Acquires 5,473 Shares of PACCAR Inc. $PCAR

Vanguard Personalized Indexing Management LLC grew its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,535 shares of the company’s stock after acquiring an additional 5,473 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PACCAR were worth $8,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Ares Financial Consulting LLC bought a new stake in shares of PACCAR during the 4th quarter valued at $27,000. MCF Advisors LLC grew its position in shares of PACCAR by 57.5% during the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 92 shares during the period. Elyxium Wealth LLC purchased a new position in shares of PACCAR during the 4th quarter valued at $30,000. Camelot Portfolios LLC purchased a new position in shares of PACCAR during the 4th quarter valued at $33,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of PACCAR during the 3rd quarter valued at $32,000. Institutional investors own 64.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PCAR. Weiss Ratings cut shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. BNP Paribas Exane began coverage on shares of PACCAR in a research note on Tuesday, March 31st. They set a “neutral” rating and a $126.00 target price on the stock. Evercore set a $139.00 target price on shares of PACCAR in a research note on Monday, May 11th. Sanford C. Bernstein restated an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. Finally, Truist Financial lifted their target price on shares of PACCAR from $120.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $122.00.

PACCAR Stock Up 1.8%

Shares of PCAR stock opened at $120.69 on Tuesday. The stock has a market cap of $63.52 billion, a P/E ratio of 25.68, a PEG ratio of 1.10 and a beta of 0.98. PACCAR Inc. has a 52 week low of $90.05 and a 52 week high of $131.88. The company has a quick ratio of 2.91, a current ratio of 3.11 and a debt-to-equity ratio of 0.52. The company’s fifty day simple moving average is $117.69 and its two-hundred day simple moving average is $117.70.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.15 EPS for the quarter, hitting the consensus estimate of $1.15. The business had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.44 billion. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.46 EPS. Analysts predict that PACCAR Inc. will post 5.59 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, May 13th. This is an increase from PACCAR’s previous quarterly dividend of $0.33. PACCAR’s dividend payout ratio is presently 29.79%.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.