Jefferies Financial Group Inc. Invests $23.65 Million in PACCAR Inc. $PCAR

Jefferies Financial Group Inc. acquired a new position in shares of PACCAR Inc. (NASDAQ:PCARFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 215,974 shares of the company’s stock, valued at approximately $23,651,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PCAR. Ares Financial Consulting LLC bought a new stake in PACCAR in the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new stake in PACCAR in the 4th quarter valued at $30,000. Wealth Watch Advisors INC bought a new stake in PACCAR in the 3rd quarter valued at $32,000. Camelot Portfolios LLC bought a new stake in PACCAR in the 4th quarter valued at $33,000. Finally, AlphaQuest LLC bought a new stake in PACCAR in the 3rd quarter valued at $38,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

Shares of NASDAQ PCAR opened at $109.35 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.11 and a quick ratio of 2.91. The stock’s fifty day moving average price is $117.77 and its two-hundred day moving average price is $115.75. PACCAR Inc. has a one year low of $90.05 and a one year high of $131.88. The firm has a market cap of $57.55 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 1.02 and a beta of 1.02.

PACCAR (NASDAQ:PCARGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 EPS for the quarter, meeting analysts’ consensus estimates of $1.15. PACCAR had a return on equity of 12.81% and a net margin of 8.91%.The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period in the prior year, the firm posted $1.46 EPS. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, equities analysts forecast that PACCAR Inc. will post 5.59 EPS for the current year.

PACCAR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.3%. This is a boost from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 13th. PACCAR’s payout ratio is 29.79%.

Analyst Ratings Changes

PCAR has been the topic of a number of research analyst reports. Weiss Ratings cut PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Citigroup restated a “neutral” rating and issued a $125.00 price target (down from $130.00) on shares of PACCAR in a research note on Thursday, April 30th. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Wells Fargo & Company set a $125.00 price target on PACCAR and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Finally, Evercore set a $139.00 price target on PACCAR in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, PACCAR currently has an average rating of “Hold” and a consensus target price of $122.00.

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PACCAR Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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