Barclays PLC Has $43.82 Million Holdings in PACCAR Inc (NASDAQ:PCAR)

Barclays PLC cut its holdings in PACCAR Inc (NASDAQ:PCAR) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 555,228 shares of the company’s stock after selling 27,249 shares during the quarter. Barclays PLC owned approximately 0.16% of PACCAR worth $43,819,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PCAR. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of PACCAR by 150.0% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 3,444,665 shares of the company’s stock valued at $307,436,000 after purchasing an additional 2,066,782 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of PACCAR during the second quarter valued at about $179,663,000. Amundi acquired a new stake in shares of PACCAR during the second quarter valued at about $157,427,000. Nordea Investment Management AB boosted its stake in shares of PACCAR by 101.7% during the third quarter. Nordea Investment Management AB now owns 2,938,862 shares of the company’s stock valued at $237,960,000 after purchasing an additional 1,481,626 shares in the last quarter. Finally, Sound Shore Management Inc CT acquired a new stake in shares of PACCAR during the third quarter valued at about $71,804,000. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PCAR stock opened at $96.50 on Friday. The company has a market cap of $33.50 billion, a P/E ratio of 19.26, a PEG ratio of 1.36 and a beta of 0.98. The stock has a 50 day simple moving average of $88.28 and a two-hundred day simple moving average of $85.63. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. PACCAR Inc has a fifty-two week low of $77.96 and a fifty-two week high of $103.19.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, October 26th. The company reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.20 by ($0.12). PACCAR had a net margin of 7.80% and a return on equity of 16.01%. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same period last year, the business posted $1.11 EPS. The company’s revenue was up 4.4% on a year-over-year basis. On average, research analysts predict that PACCAR Inc will post 5.17 earnings per share for the current year.

The company also recently disclosed a None dividend, which was paid on Wednesday, January 5th. Shareholders of record on Friday, December 17th were paid a $1.50 dividend. The ex-dividend date was Thursday, December 16th. This is a boost from PACCAR’s previous None dividend of $0.70. PACCAR’s dividend payout ratio (DPR) is 27.15%.

In related news, CFO Harrie Schippers sold 14,572 shares of PACCAR stock in a transaction that occurred on Friday, November 5th. The stock was sold at an average price of $90.17, for a total transaction of $1,313,957.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Todd R. Hubbard sold 526 shares of PACCAR stock in a transaction that occurred on Friday, October 29th. The shares were sold at an average price of $90.06, for a total value of $47,371.56. The disclosure for this sale can be found here. Company insiders own 2.05% of the company’s stock.

PCAR has been the subject of a number of analyst reports. Raymond James lowered their price objective on PACCAR from $115.00 to $105.00 and set a “strong-buy” rating for the company in a research report on Wednesday, October 20th. Credit Suisse Group upgraded PACCAR from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $89.00 to $106.00 in a research report on Thursday, October 28th. Wolfe Research upgraded PACCAR from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective for the company in a research report on Tuesday, October 5th. Sanford C. Bernstein upgraded PACCAR from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $94.00 to $98.00 in a research report on Wednesday, December 22nd. Finally, Citigroup raised their price objective on PACCAR from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 12th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $101.00.

PACCAR Company Profile

PACCAR, Inc is a global technology company, which engages in the design and manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts and Financial Services. The Truck segment designs and manufactures heavy, medium, and light duty diesel trucks which are marketed under the Kenworth, Peterbilt, and DAF brands.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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