PACCAR Inc (NASDAQ:PCAR) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 49.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 687,133 shares of the company's stock after selling 681,235 shares during the quarter. AQR Capital Management LLC owned 0.13% of PACCAR worth $71,476,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of PACCAR in the fourth quarter valued at about $526,922,000. Kovitz Investment Group Partners LLC lifted its stake in PACCAR by 370.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,359,095 shares of the company's stock valued at $557,453,000 after buying an additional 4,219,964 shares in the last quarter. Wellington Management Group LLP boosted its holdings in PACCAR by 25.0% in the 4th quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company's stock worth $1,747,408,000 after buying an additional 3,364,650 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in PACCAR during the 4th quarter worth approximately $254,651,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of PACCAR by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company's stock valued at $346,878,000 after acquiring an additional 1,164,692 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

Wall Street Analyst Weigh In

PCAR has been the subject of several recent research reports. Melius Research set a $120.00 price objective on PACCAR in a report on Tuesday, March 18th. StockNews.com downgraded shares of PACCAR from a "hold" rating to a "sell" rating in a research note on Thursday. Morgan Stanley lowered shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target on the stock. in a research report on Wednesday, April 16th. Evercore ISI cut their price objective on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Finally, Truist Financial lowered their target price on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $107.23.

PACCAR Trading Up 0.1 %

NASDAQ:PCAR traded up $0.12 on Friday, reaching $89.90. The company's stock had a trading volume of 3,729,160 shares, compared to its average volume of 2,754,165. The stock has a 50 day moving average price of $95.97 and a 200 day moving average price of $104.81. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The firm has a market cap of $47.19 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. PACCAR Inc has a 12-month low of $84.65 and a 12-month high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.12). The company had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.13 billion. PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The company's quarterly revenue was down 16.0% compared to the same quarter last year. During the same period last year, the business earned $2.27 EPS. On average, equities analysts anticipate that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.32 annualized dividend and a dividend yield of 1.47%. PACCAR's dividend payout ratio is currently 16.69%.

Insider Activity

In other PACCAR news, VP Michael K. Walton sold 6,000 shares of PACCAR stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total value of $636,780.00. Following the completion of the transaction, the vice president now directly owns 951 shares of the company's stock, valued at $100,929.63. The trade was a 86.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Harrie Schippers sold 28,676 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.97, for a total transaction of $3,038,795.72. Following the sale, the chief financial officer now directly owns 114,659 shares in the company, valued at $12,150,414.23. This represents a 20.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.02% of the company's stock.

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.