KBC Group NV lifted its stake in PACCAR Inc (NASDAQ:PCAR) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,137 shares of the company’s stock after purchasing an additional 2,412 shares during the quarter. KBC Group NV’s holdings in PACCAR were worth $5,960,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its holdings in shares of PACCAR by 47.3% in the first quarter. Nisa Investment Advisors LLC now owns 240,968 shares of the company’s stock valued at $22,391,000 after purchasing an additional 77,358 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in PACCAR by 607.4% during the first quarter. Assenagon Asset Management S.A. now owns 86,633 shares of the company’s stock worth $8,050,000 after acquiring an additional 74,386 shares during the last quarter. GWM Advisors LLC increased its stake in PACCAR by 253.2% during the first quarter. GWM Advisors LLC now owns 9,200 shares of the company’s stock worth $855,000 after acquiring an additional 6,595 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in PACCAR by 2.0% during the first quarter. Tradewinds Capital Management LLC now owns 12,653 shares of the company’s stock worth $1,176,000 after acquiring an additional 253 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in PACCAR by 38.8% during the first quarter. Private Advisor Group LLC now owns 7,379 shares of the company’s stock worth $685,000 after acquiring an additional 2,061 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:PCAR opened at $90.79 on Tuesday. The firm has a market cap of $31.52 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 1.62 and a beta of 1.00. The stock has a fifty day moving average price of $93.37 and a 200 day moving average price of $91.28. PACCAR Inc has a 12-month low of $64.25 and a 12-month high of $103.19. The company has a current ratio of 3.14, a quick ratio of 2.95 and a debt-to-equity ratio of 0.76.
PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, April 27th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.08. PACCAR had a return on equity of 14.49% and a net margin of 7.39%. The firm had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the business posted $1.03 earnings per share. PACCAR’s revenue was up 13.3% compared to the same quarter last year. Equities analysts forecast that PACCAR Inc will post 3.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 2nd. Shareholders of record on Wednesday, May 12th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, May 11th. This is a boost from PACCAR’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 1.50%. PACCAR’s dividend payout ratio (DPR) is currently 18.63%.
In other PACCAR news, VP Michael K. Walton sold 1,688 shares of the firm’s stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $97.22, for a total value of $164,107.36. Following the sale, the vice president now directly owns 40,401 shares in the company, valued at $3,927,785.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Todd R. Hubbard sold 3,326 shares of the firm’s stock in a transaction on Wednesday, February 10th. The shares were sold at an average price of $100.00, for a total value of $332,600.00. Following the completion of the sale, the vice president now owns 4,068 shares in the company, valued at $406,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,862 shares of company stock worth $2,244,868. 2.18% of the stock is owned by insiders.
Several research firms have issued reports on PCAR. Credit Suisse Group raised their target price on PACCAR from $94.00 to $98.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 28th. Raymond James raised their target price on PACCAR from $105.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 25th. Morgan Stanley raised their target price on PACCAR from $102.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Monday, April 19th. Wolfe Research lowered PACCAR from a “market perform” rating to an “underperform” rating in a research report on Thursday, January 7th. Finally, Vertical Research initiated coverage on PACCAR in a research report on Wednesday, January 20th. They set a “hold” rating and a $95.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. PACCAR presently has a consensus rating of “Hold” and an average target price of $96.36.
PACCAR, Inc is a global technology company, which engages in the design and manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts and Financial Services. The Truck segment designs and manufactures heavy, medium, and light duty diesel trucks which are marketed under the Kenworth, Peterbilt, and DAF brands.
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