Banco Bilbao Vizcaya Argentaria S.A. Has $1.26 Million Stock Position in PACCAR Inc (NASDAQ:PCAR)

Banco Bilbao Vizcaya Argentaria S.A. lowered its holdings in PACCAR Inc (NASDAQ:PCAR - Free Report) by 32.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,127 shares of the company's stock after selling 5,909 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in PACCAR were worth $1,261,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Madrona Financial Services LLC lifted its position in shares of PACCAR by 1.1% in the fourth quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock worth $837,000 after purchasing an additional 91 shares in the last quarter. Global Financial Private Client LLC boosted its stake in shares of PACCAR by 1.0% during the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock worth $1,011,000 after buying an additional 97 shares during the last quarter. PDS Planning Inc boosted its stake in shares of PACCAR by 3.7% during the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock worth $292,000 after buying an additional 101 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of PACCAR by 0.6% in the 4th quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock valued at $1,982,000 after acquiring an additional 106 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of PACCAR by 14.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock valued at $88,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 64.90% of the company's stock.

Insider Activity at PACCAR

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the transaction, the vice president now directly owns 5,463 shares in the company, valued at $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael K. Walton sold 6,000 shares of PACCAR stock in a transaction on Wednesday, February 19th. The shares were 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 owns 951 shares in the company, valued at approximately $100,929.63. The trade was a 86.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock valued at $18,261,908 over the last quarter. 2.02% of the stock is owned by corporate insiders.

PACCAR Stock Performance

NASDAQ:PCAR traded down $0.43 during mid-day trading on Thursday, reaching $89.78. 2,940,064 shares of the company's stock were exchanged, compared to its average volume of 2,761,244. PACCAR Inc has a one year low of $84.65 and a one year high of $118.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. The business's fifty day simple moving average is $96.64 and its two-hundred day simple moving average is $105.06. The firm has a market capitalization of $47.13 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96.

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

PACCAR Dividend Announcement

The business also recently announced 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 is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.47%. PACCAR's payout ratio is 16.69%.

Wall Street Analyst Weigh In

PCAR has been the topic of several recent analyst reports. UBS Group lowered PACCAR from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $108.00 to $78.00 in a research report on Monday, April 7th. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Morgan Stanley cut shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price on the stock. in a report on Wednesday, April 16th. Citigroup lowered their price target on PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Bank of America raised PACCAR from a "neutral" rating to a "buy" rating and raised their price objective for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, PACCAR currently has an average rating of "Hold" and a consensus target price of $107.23.

PACCAR Company Profile

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.