Gulf International Bank UK Ltd Has $8.02 Million Holdings in PACCAR Inc (PCAR)

Gulf International Bank UK Ltd raised its position in shares of PACCAR Inc (NASDAQ:PCAR) by 7.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 117,640 shares of the company’s stock after buying an additional 7,800 shares during the quarter. Gulf International Bank UK Ltd’s holdings in PACCAR were worth $8,021,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of PACCAR by 8.8% in the 2nd quarter. FMR LLC now owns 4,794,270 shares of the company’s stock valued at $297,053,000 after purchasing an additional 389,659 shares during the last quarter. Boston Partners raised its position in shares of PACCAR by 1.1% in the 2nd quarter. Boston Partners now owns 3,453,227 shares of the company’s stock valued at $213,962,000 after purchasing an additional 36,111 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of PACCAR by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,378,840 shares of the company’s stock valued at $147,400,000 after purchasing an additional 86,368 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of PACCAR by 5.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,705,363 shares of the company’s stock valued at $105,665,000 after purchasing an additional 92,708 shares during the last quarter. Finally, Clarius Group LLC raised its position in shares of PACCAR by 1.9% in the 2nd quarter. Clarius Group LLC now owns 1,269,272 shares of the company’s stock valued at $78,644,000 after purchasing an additional 24,238 shares during the last quarter. 61.33% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:PCAR opened at $60.15 on Friday. PACCAR Inc has a twelve month low of $53.95 and a twelve month high of $79.69. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.05 and a current ratio of 2.63. The company has a market capitalization of $20.81 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, October 23rd. The company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.04. PACCAR had a net margin of 9.73% and a return on equity of 23.52%. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the company earned $1.14 EPS. PACCAR’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts forecast that PACCAR Inc will post 6.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th will be issued a $0.28 dividend. The ex-dividend date is Friday, November 9th. This represents a $1.12 annualized dividend and a yield of 1.86%. PACCAR’s dividend payout ratio (DPR) is presently 26.29%.

Several brokerages recently commented on PCAR. BidaskClub raised shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Friday, October 5th. Wolfe Research lowered shares of PACCAR from a “peer perform” rating to an “underperform” rating in a research report on Friday, October 5th. Zacks Investment Research lowered shares of PACCAR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. ValuEngine lowered shares of PACCAR from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Evercore ISI raised shares of PACCAR from an “in-line” rating to an “outperform” rating in a research report on Monday, August 6th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $68.73.

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About PACCAR

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. It operates in three segments: Truck, Parts, and Financial Services. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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