PACCAR Inc (NASDAQ:PCAR) Shares Bought by Clarius Group LLC

Clarius Group LLC lifted its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,329,473 shares of the company’s stock after purchasing an additional 17,499 shares during the quarter. PACCAR comprises about 16.6% of Clarius Group LLC’s holdings, making the stock its biggest holding. Clarius Group LLC owned about 0.44% of PACCAR worth $242,312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PCAR. Federated Hermes Inc. boosted its holdings in PACCAR by 69.2% in the second quarter. Federated Hermes Inc. now owns 15,767 shares of the company’s stock valued at $1,623,000 after purchasing an additional 6,448 shares during the period. Blair William & Co. IL boosted its stake in shares of PACCAR by 5.0% in the 2nd quarter. Blair William & Co. IL now owns 27,322 shares of the company’s stock valued at $2,813,000 after buying an additional 1,289 shares during the period. Intech Investment Management LLC grew its position in shares of PACCAR by 86.1% during the second quarter. Intech Investment Management LLC now owns 68,609 shares of the company’s stock worth $7,063,000 after buying an additional 31,750 shares in the last quarter. Ieq Capital LLC increased its stake in shares of PACCAR by 8.0% during the second quarter. Ieq Capital LLC now owns 20,958 shares of the company’s stock worth $2,157,000 after buying an additional 1,555 shares during the period. Finally, AE Wealth Management LLC raised its holdings in PACCAR by 33.7% in the second quarter. AE Wealth Management LLC now owns 3,887 shares of the company’s stock valued at $400,000 after acquiring an additional 980 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Insider Transactions at PACCAR

In other PACCAR news, SVP Kevin D. Baney sold 9,894 shares of PACCAR stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $107.00, for a total value of $1,058,658.00. Following the sale, the senior vice president now owns 7,121 shares of the company’s stock, valued at approximately $761,947. The trade was a 58.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd R. Hubbard sold 3,230 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $107.27, for a total value of $346,482.10. Following the transaction, the vice president now directly owns 3,061 shares of the company’s stock, valued at approximately $328,353.47. This trade represents a 51.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,315 shares of company stock worth $6,358,552 over the last 90 days. 2.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PCAR shares. BNP Paribas upgraded shares of PACCAR to a “hold” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on PACCAR from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Citigroup decreased their price target on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group downgraded PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Friday, December 6th. Finally, Morgan Stanley decreased their target price on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $120.13.

PACCAR Stock Up 0.8 %

PCAR stock opened at $110.33 on Friday. The company has a market cap of $57.85 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.72 and a beta of 0.93. The company has a fifty day moving average price of $111.10 and a 200 day moving average price of $104.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.03. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $125.50.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.03. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. The business had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $7.66 billion. During the same period in the prior year, the company earned $2.34 earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. Sell-side analysts expect that PACCAR Inc will post 7.92 earnings per share for the current year.

PACCAR Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were paid a $3.00 dividend. This is an increase from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s dividend payout ratio (DPR) is 13.41%.

About PACCAR

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