Universal Beteiligungs und Servicegesellschaft mbH Acquires 69,928 Shares of PACCAR Inc. $PCAR

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in PACCAR Inc. (NASDAQ:PCAR) by 20.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 414,576 shares of the company’s stock after buying an additional 69,928 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in PACCAR were worth $46,057,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Jackson Square Capital LLC raised its holdings in shares of PACCAR by 3.5% in the fourth quarter. Jackson Square Capital LLC now owns 2,650 shares of the company’s stock valued at $290,000 after buying an additional 90 shares during the last quarter. Lakeside Advisors INC. raised its holdings in shares of PACCAR by 0.3% in the fourth quarter. Lakeside Advisors INC. now owns 34,053 shares of the company’s stock valued at $3,729,000 after buying an additional 92 shares during the last quarter. First Pacific Financial raised its holdings in shares of PACCAR by 11.1% in the fourth quarter. First Pacific Financial now owns 1,058 shares of the company’s stock valued at $116,000 after buying an additional 106 shares during the last quarter. Fulton Bank N.A. raised its holdings in shares of PACCAR by 3.2% in the fourth quarter. Fulton Bank N.A. now owns 3,458 shares of the company’s stock valued at $379,000 after buying an additional 107 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in shares of PACCAR by 3.1% in the third quarter. Foundations Investment Advisors LLC now owns 3,640 shares of the company’s stock valued at $358,000 after buying an additional 108 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

Insider Activity at PACCAR

In other news, CFO Brice J. Poplawski sold 2,200 shares of PACCAR 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 transaction, the chief financial officer owned 903 shares in the company, valued at $117,760.23. The trade was a 70.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO R Preston Feight sold 9,258 shares of PACCAR stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $129.70, for a total value of $1,200,762.60. Following the transaction, the chief executive officer owned 258,566 shares in the company, valued at $33,536,010.20. This trade represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 133,105 shares of company stock worth $16,869,046. 1.99% of the stock is owned by company insiders.

PACCAR Price Performance

PACCAR stock opened at $125.27 on Thursday. The firm has a market capitalization of $65.92 billion, a P/E ratio of 27.78, a PEG ratio of 1.05 and a beta of 1.06. PACCAR Inc. has a 1 year low of $84.65 and a 1 year high of $131.88. The business has a 50-day moving average of $121.27 and a 200-day moving average of $113.21. The company has a current ratio of 2.98, a quick ratio of 2.79 and a debt-to-equity ratio of 0.55.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.06 billion. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 EPS. On average, equities analysts anticipate that PACCAR Inc. will post 5.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company set a $119.00 price target on PACCAR and gave the company an “equal weight” rating in a report on Friday, January 23rd. BNP Paribas Exane assumed coverage on PACCAR in a research report on Tuesday, March 31st. They issued a “neutral” rating and a $126.00 price objective for the company. Morgan Stanley set a $109.00 price objective on PACCAR and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their price objective on PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One research 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 stock. According to MarketBeat, PACCAR presently has an average rating of “Hold” and a consensus 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.