Mirae Asset Global Investments Co. Ltd. lifted its position in shares of PACCAR Inc (NASDAQ:PCAR – Free Report) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,510 shares of the company’s stock after purchasing an additional 284 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in PACCAR were worth $16,243,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of PCAR. Mediolanum International Funds Ltd raised its stake in PACCAR by 157.8% during the 3rd quarter. Mediolanum International Funds Ltd now owns 127,280 shares of the company’s stock worth $12,469,000 after acquiring an additional 77,917 shares in the last quarter. Mcdaniel Terry & Co. raised its stake in PACCAR by 0.7% during the 3rd quarter. Mcdaniel Terry & Co. now owns 385,745 shares of the company’s stock worth $38,065,000 after acquiring an additional 2,559 shares in the last quarter. Bogart Wealth LLC raised its stake in PACCAR by 21.7% during the 3rd quarter. Bogart Wealth LLC now owns 140,098 shares of the company’s stock worth $13,825,000 after acquiring an additional 24,938 shares in the last quarter. Pinnacle West Asset Management Inc. raised its stake in PACCAR by 11.6% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 5,060 shares of the company’s stock worth $499,000 after acquiring an additional 525 shares in the last quarter. Finally, Impact Partnership Wealth LLC raised its stake in PACCAR by 27.7% during the 3rd quarter. Impact Partnership Wealth LLC now owns 8,690 shares of the company’s stock worth $858,000 after acquiring an additional 1,883 shares in the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO R Preston Feight sold 27,834 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $98.70, for a total transaction of $2,747,215.80. Following the sale, the chief executive officer now owns 162,782 shares of the company’s stock, valued at approximately $16,066,583.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.02% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
PACCAR Trading Up 1.0 %
Shares of PACCAR stock opened at $105.90 on Friday. PACCAR Inc has a 52-week low of $80.94 and a 52-week high of $125.50. The company has a quick ratio of 2.54, a current ratio of 1.91 and a debt-to-equity ratio of 0.52. The company’s 50-day simple moving average is $99.39 and its 200-day simple moving average is $103.20. The firm has a market cap of $55.51 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.62 and a beta of 0.91.
PACCAR (NASDAQ:PCAR – Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.03. The firm had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $7.66 billion. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.34 earnings per share. As a group, equities research analysts anticipate that PACCAR Inc will post 8.07 earnings per share for the current year.
PACCAR Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, November 13th. PACCAR’s dividend payout ratio is currently 12.45%.
About PACCAR
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.
Further Reading
- Five stocks we like better than PACCAR
- 3 Warren Buffett Stocks to Buy Now
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- The Basics of Support and Resistance
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- MarketBeat Week in Review – 10/21- 10/25
Want to see what other hedge funds are holding PCAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PACCAR Inc (NASDAQ:PCAR – Free Report).
Receive News & Ratings for PACCAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR and related companies with MarketBeat.com's FREE daily email newsletter.