National Pension Service grew its position in PACCAR Inc. (NASDAQ:PCAR – Free Report) by 4.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,400,624 shares of the company’s stock after acquiring an additional 55,330 shares during the quarter. National Pension Service’s holdings in PACCAR were worth $168,243,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in PACCAR by 11,629.3% during the second quarter. California State Teachers Retirement System now owns 97,627,770 shares of the company’s stock valued at $11,727,048,000 after purchasing an additional 96,795,432 shares during the last quarter. BlackRock Inc. acquired a new position in shares of PACCAR in the 2nd quarter valued at about $4,927,720,000. Wellington Management Group LLP boosted its holdings in shares of PACCAR by 18.6% in the 4th quarter. Wellington Management Group LLP now owns 22,977,556 shares of the company’s stock valued at $2,516,272,000 after buying an additional 3,597,283 shares during the period. State Street Corp grew its position in shares of PACCAR by 0.4% during the 4th quarter. State Street Corp now owns 22,497,197 shares of the company’s stock valued at $2,494,269,000 after buying an additional 94,869 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in PACCAR by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 12,308,610 shares of the company’s stock worth $1,350,867,000 after acquiring an additional 50,622 shares during the period. 64.90% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CEO R Feight sold 50,975 shares of PACCAR stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $133.07, for a total transaction of $6,783,243.25. Following the sale, the chief executive officer directly owned 268,625 shares in the company, valued at $35,745,928.75. The trade was a 15.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William Lance Walters sold 1,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $133.50, for a total transaction of $133,500.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 56,842 shares of company stock worth $7,565,677. 1.99% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on PCAR
PACCAR Price Performance
Shares of NASDAQ:PCAR opened at $122.57 on Friday. The firm’s 50 day moving average is $128.00 and its two-hundred day moving average is $121.67. The firm has a market capitalization of $64.52 billion, a P/E ratio of 25.75, a PEG ratio of 1.40 and a beta of 0.96. The company has a current ratio of 3.12, a quick ratio of 2.90 and a debt-to-equity ratio of 0.49. PACCAR Inc. has a 52 week low of $92.25 and a 52 week high of $139.24.
PACCAR (NASDAQ:PCAR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The business had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.05 billion. During the same period in the prior year, the company posted $1.37 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts anticipate that PACCAR Inc. will post 5.91 earnings per share for the current year.
PACCAR Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, August 12th. PACCAR’s payout ratio is 29.41%.
PACCAR Company Profile
PACCAR Inc is a global manufacturer of heavy-duty, medium-duty and light-duty trucks. Through its Kenworth, Peterbilt and DAF brands, the company serves the over-the-road, vocational and construction markets, offering vehicles designed for freight transportation and other commercial applications.
In addition to truck manufacturing, PACCAR operates PACCAR Parts, which distributes replacement parts and related services through a global network. The company also provides truck financing and leasing through PACCAR Financial, supporting customers and dealers in several major markets.
PACCAR traces its history to 1905 and has grown from a regional equipment manufacturer into an international transportation company.
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