Bessemer Group Inc. decreased its stake in PACCAR Inc (NASDAQ:PCAR) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,977 shares of the company’s stock after selling 731 shares during the period. Bessemer Group Inc.’s holdings in PACCAR were worth $496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Regentatlantic Capital LLC acquired a new stake in shares of PACCAR in the fourth quarter valued at about $202,000. Cetera Investment Advisers acquired a new position in PACCAR during the second quarter worth about $204,000. Hartland & Co. LLC acquired a new position in PACCAR during the third quarter worth about $206,000. BB&T Securities LLC acquired a new position in PACCAR during the third quarter worth about $210,000. Finally, Koch Industries Inc. acquired a new position in PACCAR during the second quarter worth about $213,000. Hedge funds and other institutional investors own 62.37% of the company’s stock.

PACCAR Inc (NASDAQ:PCAR) opened at $67.50 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.08 and a quick ratio of 0.90. The firm has a market cap of $23,730.00, a P/E ratio of 14.21, a PEG ratio of 1.29 and a beta of 1.22. PACCAR Inc has a 52-week low of $61.93 and a 52-week high of $79.69.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.87 billion. PACCAR had a net margin of 8.61% and a return on equity of 19.65%. The company’s revenue was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 earnings per share. analysts forecast that PACCAR Inc will post 5.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Monday, February 12th. PACCAR’s dividend payout ratio is presently 21.05%.

A number of equities analysts have issued reports on the stock. Stifel Nicolaus set a $69.00 target price on shares of PACCAR and gave the stock a “hold” rating in a research report on Sunday. Zacks Investment Research upgraded shares of PACCAR from a “hold” rating to a “strong-buy” rating and set a $86.00 target price for the company in a research report on Friday, February 2nd. Credit Suisse Group cut their target price on shares of PACCAR from $75.00 to $74.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. Buckingham Research lifted their target price on shares of PACCAR from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Finally, Wells Fargo & Co lifted their target price on shares of PACCAR from $75.00 to $80.00 and gave the stock a “market perform” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $76.26.

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About PACCAR

PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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