Public Employees Retirement System of Ohio Has $26.66 Million Position in PACCAR Inc (NASDAQ:PCAR)

Public Employees Retirement System of Ohio lessened its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 7.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 256,319 shares of the company's stock after selling 21,985 shares during the period. Public Employees Retirement System of Ohio's holdings in PACCAR were worth $26,662,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PCAR. Meeder Asset Management Inc. raised its holdings in PACCAR by 221.8% during the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after purchasing an additional 193 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in PACCAR during the 4th quarter worth approximately $37,000. Kestra Investment Management LLC bought a new stake in PACCAR during the 4th quarter worth approximately $37,000. Sunbelt Securities Inc. increased its stake in PACCAR by 8,750.0% during the 4th quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after purchasing an additional 350 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in PACCAR during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Activity at PACCAR

In other news, Director Pierre R. Breber acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $89.78 per share, with a total value of $448,900.00. Following the completion of the transaction, the director now directly owns 13,015 shares of the company's stock, valued at $1,168,486.70. This trade represents a 62.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Stock Up 0.2%

Shares of NASDAQ PCAR traded up $0.20 during trading hours on Thursday, hitting $94.25. The company had a trading volume of 449,101 shares, compared to its average volume of 2,761,893. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The firm's 50 day moving average is $92.56 and its 200-day moving average is $103.10. PACCAR Inc has a 1-year low of $84.65 and a 1-year high of $118.81. The stock has a market capitalization of $49.47 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same period last year, the firm earned $2.27 earnings per share. The company's revenue for the quarter was down 16.0% compared to the same quarter last year. On average, analysts expect that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.32 annualized dividend and a dividend yield of 1.40%. PACCAR's dividend payout ratio (DPR) is presently 20.00%.

Analyst Ratings Changes

A number of analysts recently issued reports on PCAR shares. Royal Bank of Canada lowered their target price on PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. UBS Group cut shares of PACCAR from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $108.00 to $78.00 in a research note on Monday, April 7th. JPMorgan Chase & Co. cut shares of PACCAR from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $105.00 to $90.00 in a research note on Wednesday, April 30th. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Wall Street Zen raised shares of PACCAR from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $104.14.

PACCAR Company Profile

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.