Teacher Retirement System of Texas Has $25.74 Million Stock Holdings in PACCAR Inc. (NASDAQ:PCAR)

Teacher Retirement System of Texas decreased its holdings in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) by 17.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 264,310 shares of the company's stock after selling 54,513 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of PACCAR worth $25,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. raised its position in shares of PACCAR by 8.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 85,719 shares of the company's stock valued at $8,916,000 after acquiring an additional 6,494 shares during the last quarter. LPL Financial LLC raised its position in shares of PACCAR by 6.1% during the 4th quarter. LPL Financial LLC now owns 212,405 shares of the company's stock valued at $22,094,000 after acquiring an additional 12,143 shares during the last quarter. American Century Companies Inc. raised its position in shares of PACCAR by 15.8% during the 4th quarter. American Century Companies Inc. now owns 631,369 shares of the company's stock valued at $65,675,000 after acquiring an additional 86,215 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of PACCAR by 15.1% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 794,946 shares of the company's stock valued at $77,404,000 after acquiring an additional 104,281 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in shares of PACCAR by 20.8% during the 4th quarter. Natixis Advisors LLC now owns 1,042,761 shares of the company's stock valued at $108,468,000 after acquiring an additional 179,577 shares during the last quarter. Institutional investors own 64.90% of the company's stock.

Insider Transactions at PACCAR

In other PACCAR news, Director Pierre R. Breber acquired 5,000 shares of PACCAR stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the purchase, the director directly owned 13,015 shares in the company, valued at approximately $1,168,486.70. This represents a 62.38% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.02% of the company's stock.

PACCAR Stock Down 1.0%

PCAR stock traded down $1.02 during trading hours on Monday, reaching $96.64. 2,693,748 shares of the stock were exchanged, compared to its average volume of 2,723,415. The firm's 50-day moving average is $93.54 and its 200-day moving average is $99.01. The company has a market cap of $50.73 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 3.61 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.35 and a quick ratio of 2.19. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). The firm had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.13 billion. PACCAR had a return on equity of 20.79% and a net margin of 10.73%. PACCAR's revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.27 EPS. On average, equities research analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Wednesday, May 14th. PACCAR's dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of PACCAR from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $105.00 to $90.00 in a research report on Wednesday, April 30th. Citigroup upped their price objective on shares of PACCAR from $95.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada lowered their price objective on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. UBS Group cut shares of PACCAR from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $108.00 to $78.00 in a research report on Monday, April 7th. Finally, Wall Street Zen upgraded shares of PACCAR from a "sell" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PACCAR has an average rating of "Hold" and a consensus price target of $104.59.

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.