Meiji Yasuda Asset Management Co Ltd. maintained its position in PACCAR Inc. (NASDAQ:PCAR) during the fourth quarter, Holdings Channel reports. The firm owned 4,575 shares of the company’s stock at the end of the fourth quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in PACCAR were worth $292,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in PCAR. Everence Capital Management Inc. increased its position in PACCAR by 69.6% in the second quarter. Everence Capital Management Inc. now owns 6,216 shares of the company’s stock valued at $322,000 after buying an additional 2,550 shares during the period. Badgley Phelps & Bell Inc. increased its position in PACCAR by 80.9% in the second quarter. Badgley Phelps & Bell Inc. now owns 11,589 shares of the company’s stock valued at $601,000 after buying an additional 5,184 shares during the period. Madrona Financial Services LLC increased its position in PACCAR by 0.4% in the second quarter. Madrona Financial Services LLC now owns 5,444 shares of the company’s stock valued at $282,000 after buying an additional 23 shares during the period. Peak Asset Management LLC increased its position in PACCAR by 0.4% in the second quarter. Peak Asset Management LLC now owns 81,967 shares of the company’s stock valued at $4,252,000 after buying an additional 318 shares during the period. Finally, Nippon Life Insurance Co. increased its position in PACCAR by 0.6% in the second quarter. Nippon Life Insurance Co. now owns 25,347 shares of the company’s stock valued at $1,315,000 after buying an additional 159 shares during the period. Institutional investors and hedge funds own 60.60% of the company’s stock.

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

PACCAR Inc. (NASDAQ:PCAR) opened at 68.72 on Friday. The company has a market cap of $24.10 billion, a PE ratio of 46.43 and a beta of 1.26. PACCAR Inc. has a 12-month low of $48.17 and a 12-month high of $70.12. The stock has a 50 day moving average of $67.11 and a 200-day moving average of $61.36.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, January 31st. The company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.04. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.86 billion. PACCAR had a return on equity of 20.21% and a net margin of 3.12%. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, equities research analysts anticipate that PACCAR Inc. will post $3.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 7th. Investors of record on Tuesday, February 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, February 10th. PACCAR’s dividend payout ratio (DPR) is currently 64.86%.

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Several equities analysts recently commented on PCAR shares. Deutsche Bank AG decreased their price target on shares of PACCAR from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, October 26th. TheStreet cut shares of PACCAR from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. J P Morgan Chase & Co raised shares of PACCAR from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $50.00 to $60.00 in a research report on Friday, December 9th. Robert W. Baird cut shares of PACCAR from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $60.00 to $62.00 in a research report on Tuesday, January 3rd. They noted that the move was a valuation call. Finally, Evercore ISI raised shares of PACCAR from a “hold” rating to a “buy” rating and upped their price objective for the stock from $58.00 to $77.00 in a research report on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. PACCAR currently has an average rating of “Hold” and an average target price of $66.50.

In related news, insider Michael T. Barkley sold 881 shares of PACCAR stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $68.52, for a total value of $60,366.12. Following the completion of the sale, the insider now owns 15,033 shares of the company’s stock, valued at approximately $1,030,061.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ronald E. Armstrong sold 31,326 shares of PACCAR stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $68.29, for a total value of $2,139,252.54. Following the completion of the sale, the chief executive officer now directly owns 134,793 shares of the company’s stock, valued at approximately $9,205,013.97. The disclosure for this sale can be found here. In the last three months, insiders sold 84,157 shares of company stock valued at $5,757,472. 2.62% of the stock is currently owned by insiders.

About PACCAR

PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers.

5 Day Chart for NASDAQ:PCAR

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