OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in PACCAR Inc (NASDAQ:PCAR) by 42.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,559 shares of the company’s stock after purchasing an additional 6,700 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in PACCAR were worth $1,603,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank lifted its position in PACCAR by 1.9% during the 3rd quarter. Amalgamated Bank now owns 39,491 shares of the company’s stock worth $2,857,000 after acquiring an additional 733 shares during the period. Commonwealth Bank of Australia lifted its position in PACCAR by 1.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 42,437 shares of the company’s stock worth $3,065,000 after acquiring an additional 791 shares during the period. DnB Asset Management AS lifted its position in PACCAR by 2.0% during the 4th quarter. DnB Asset Management AS now owns 46,243 shares of the company’s stock worth $3,287,000 after acquiring an additional 900 shares during the period. Heritage Investors Management Corp lifted its position in PACCAR by 0.3% during the 4th quarter. Heritage Investors Management Corp now owns 285,340 shares of the company’s stock worth $20,282,000 after acquiring an additional 920 shares during the period. Finally, MUFG Americas Holdings Corp lifted its position in PACCAR by 43.7% during the 3rd quarter. MUFG Americas Holdings Corp now owns 3,162 shares of the company’s stock worth $229,000 after acquiring an additional 962 shares during the period. 64.10% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Marco A. Davila acquired 570 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of $69.05 per share, with a total value of $39,358.50. Following the purchase, the vice president now directly owns 7,536 shares of the company’s stock, valued at approximately $520,360.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.64% of the company’s stock.
PACCAR Inc (NASDAQ:PCAR) opened at $64.32 on Friday. PACCAR Inc has a one year low of $61.93 and a one year high of $79.69. The firm has a market capitalization of $23,526.36, a P/E ratio of 15.69, a P/E/G ratio of 1.28 and a beta of 1.21. The company has a quick ratio of 2.34, a current ratio of 2.49 and a debt-to-equity ratio of 0.74.
PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. PACCAR had a return on equity of 19.65% and a net margin of 8.61%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same period last year, the business posted $0.82 EPS. PACCAR’s quarterly revenue was up 36.0% on a year-over-year basis. equities analysts predict that PACCAR Inc will post 5.35 earnings per share for the current fiscal year.
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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.
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