PACCAR Inc. $PCAR Shares Acquired by Aberdeen Group plc

Aberdeen Group plc boosted its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 396.5% during the third quarter, Holdings Channel reports. The firm owned 3,559,353 shares of the company’s stock after buying an additional 2,842,450 shares during the quarter. Aberdeen Group plc’s holdings in PACCAR were worth $390,853,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in shares of PACCAR in the second quarter valued at $16,286,000. Danica Pension Livsforsikringsaktieselskab acquired a new position in PACCAR during the first quarter worth approximately $9,273,000. National Pension Service raised its position in shares of PACCAR by 4.1% in the 2nd quarter. National Pension Service now owns 1,400,624 shares of the company’s stock worth $168,243,000 after buying an additional 55,330 shares during the period. Saudi Central Bank lifted its stake in shares of PACCAR by 90.0% in the 2nd quarter. Saudi Central Bank now owns 36,838 shares of the company’s stock valued at $4,425,000 after purchasing an additional 17,452 shares in the last quarter. Finally, Nykredit A S purchased a new stake in PACCAR during the second quarter worth approximately $17,672,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Stock Performance

Shares of PCAR opened at $106.66 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.98 and a current ratio of 3.22. The firm has a fifty day moving average of $110.53 and a 200-day moving average of $119.34. The company has a market cap of $56.16 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96. PACCAR Inc. has a 1 year low of $93.86 and a 1 year high of $139.24.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $1.61 EPS for the quarter, meeting the consensus estimate of $1.61. PACCAR had a net margin of 9.50% and a return on equity of 13.76%. The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $7.48 billion. During the same quarter last year, the business earned $1.12 earnings per share. PACCAR’s revenue was up 20.8% compared to the same quarter last year. As a group, equities analysts anticipate that PACCAR Inc. will post 5.84 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 11th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.40 annualized dividend and a yield of 1.3%. PACCAR’s dividend payout ratio (DPR) is presently 26.67%.

Analyst Upgrades and Downgrades

PCAR has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of PACCAR in a research report on Tuesday, August 18th. Sanford C. Bernstein reissued an “outperform” rating and issued a $148.00 price objective (up from $142.00) on shares of PACCAR in a report on Wednesday, July 29th. BNP Paribas Exane cut their price objective on PACCAR from $136.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Morgan Stanley set a $125.00 target price on PACCAR and gave the stock an “equal weight” rating in a report on Friday, September 4th. Finally, Wells Fargo & Company set a $122.00 price target on PACCAR and gave the company an “equal weight” rating in a report on Thursday, October 8th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $131.96.

PACCAR Company Profile

PACCAR Inc. is a global manufacturer of commercial trucks and a provider of related products and services. Its truck brands include Kenworth and Peterbilt in North America and DAF in Europe. The company also manufactures engines and supplies replacement parts and aftermarket support for its vehicles. PACCAR serves customers through manufacturing, sales and service operations across North America, Europe and other international markets. Its businesses also include PACCAR Financial, which provides financing and leasing solutions to truck customers and dealers.