PACCAR Inc. $PCAR Shares Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. boosted its holdings in PACCAR Inc. (NASDAQ:PCAR) by 7.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 354,312 shares of the company’s stock after acquiring an additional 25,252 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in PACCAR were worth $38,912,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in shares of PACCAR in the second quarter valued at $16,286,000. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of PACCAR in the first quarter valued at about $9,273,000. National Pension Service lifted its stake in shares of PACCAR by 4.1% during 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 last quarter. Saudi Central Bank lifted its stake in shares of PACCAR by 90.0% during the 2nd quarter. Saudi Central Bank now owns 36,838 shares of the company’s stock worth $4,425,000 after buying an additional 17,452 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of PACCAR during the 2nd quarter worth about $17,672,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PCAR shares. BNP Paribas Exane decreased their price target on shares of PACCAR from $136.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Jefferies Financial Group increased their price target on shares of PACCAR from $120.00 to $140.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Evercore raised their price objective on shares of PACCAR from $139.00 to $162.00 and gave the stock an “outperform” rating in a research report on Thursday, October 8th. Truist Financial reduced their price objective on PACCAR from $125.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, October 28th. Finally, Wells Fargo & Company set a $122.00 target price on PACCAR and gave the company an “equal weight” rating in a research report on Thursday, October 8th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, PACCAR presently has an average rating of “Hold” and a consensus target price of $131.96.

PACCAR Stock Performance

NASDAQ:PCAR opened at $106.66 on Friday. PACCAR Inc. has a fifty-two week low of $93.86 and a fifty-two week high of $139.24. The stock has a fifty day moving average price of $110.53 and a 200-day moving average price of $119.34. 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 company has a market cap of $56.16 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.36 and a beta of 0.96.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, October 27th. The company reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. PACCAR had a return on equity of 13.76% and a net margin of 9.50%. The firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $7.48 billion. During the same quarter last year, the business posted $1.12 EPS. The company’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 EPS for the current fiscal year.

PACCAR Announces Dividend

The business also recently disclosed 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 is Tuesday, November 10th. This represents a $1.40 annualized dividend and a yield of 1.3%. PACCAR’s dividend payout ratio (DPR) is 26.67%.

About PACCAR

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.