93,133 Shares in PACCAR Inc. $PCAR Purchased by Lbp Am Sa

Lbp Am Sa acquired a new stake in shares of PACCAR Inc. (NASDAQ:PCAR) during the fourth quarter, Holdings Channel reports. The firm acquired 93,133 shares of the company’s stock, valued at approximately $10,199,000.

Several other large investors also recently modified their holdings of PCAR. Vanguard Group Inc. raised its holdings in shares of PACCAR by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 63,111,444 shares of the company’s stock worth $6,205,117,000 after buying an additional 485,678 shares in the last quarter. Capital Research Global Investors boosted its stake in PACCAR by 20.3% in the 3rd quarter. Capital Research Global Investors now owns 5,971,153 shares of the company’s stock valued at $587,084,000 after buying an additional 1,009,134 shares in the last quarter. Invesco Ltd. boosted its stake in PACCAR by 3.5% in the 3rd quarter. Invesco Ltd. now owns 5,396,888 shares of the company’s stock valued at $530,622,000 after buying an additional 184,502 shares in the last quarter. Bank of New York Mellon Corp grew its position in PACCAR by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 3,256,671 shares of the company’s stock valued at $320,196,000 after acquiring an additional 22,941 shares during the period. Finally, UBS Group AG grew its position in PACCAR by 28.7% in the third quarter. UBS Group AG now owns 2,608,601 shares of the company’s stock valued at $256,478,000 after acquiring an additional 581,986 shares during the period. 64.90% of the stock is currently owned by institutional investors.

Insider Activity

In other PACCAR news, EVP C Michael Dozier sold 79,076 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $127.92, for a total value of $10,115,401.92. Following the completion of the sale, the executive vice president owned 34,656 shares in the company, valued at approximately $4,433,195.52. This trade represents a 69.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brice J. Poplawski sold 2,200 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $130.41, for a total transaction of $286,902.00. Following the completion of the transaction, the chief financial officer directly owned 903 shares of the company’s stock, valued at approximately $117,760.23. This represents a 70.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 133,105 shares of company stock worth $16,869,046. 1.99% of the stock is currently owned by insiders.

PACCAR Price Performance

PACCAR stock opened at $124.37 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.79 and a current ratio of 2.98. The firm has a market cap of $65.45 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.03 and a beta of 1.06. The business’s fifty day moving average is $121.37 and its two-hundred day moving average is $112.33. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $131.88.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same period last year, the company posted $1.66 earnings per share. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. Equities research analysts forecast that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PCAR. Morgan Stanley set a $109.00 price objective on PACCAR and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. BNP Paribas Exane initiated coverage on shares of PACCAR in a research report on Tuesday, March 31st. They set a “neutral” rating and a $126.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of PACCAR from $133.00 to $142.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Truist Financial boosted their price target on shares of PACCAR from $108.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, PACCAR presently has an average rating of “Hold” and an average target price of $117.42.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.