PACCAR Inc (NASDAQ:PCAR) Shares Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP boosted its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 23.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,967 shares of the company's stock after purchasing an additional 5,617 shares during the quarter. Brevan Howard Capital Management LP's holdings in PACCAR were worth $3,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PCAR. Principal Financial Group Inc. boosted its position in shares of PACCAR by 5.6% in the third quarter. Principal Financial Group Inc. now owns 3,398,193 shares of the company's stock worth $335,334,000 after acquiring an additional 178,813 shares during the last quarter. World Investment Advisors LLC purchased a new position in PACCAR during the third quarter worth approximately $419,000. Wilmington Savings Fund Society FSB acquired a new position in shares of PACCAR in the 3rd quarter valued at $269,000. JPMorgan Chase & Co. increased its holdings in shares of PACCAR by 49.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company's stock worth $346,878,000 after buying an additional 1,164,692 shares during the last quarter. Finally, Insight Wealth Strategies LLC raised its position in shares of PACCAR by 21.6% in the 4th quarter. Insight Wealth Strategies LLC now owns 39,041 shares of the company's stock worth $4,061,000 after buying an additional 6,936 shares during the period. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on PCAR shares. Melius upgraded PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. StockNews.com upgraded shares of PACCAR from a "sell" rating to a "hold" rating in a research note on Friday. Evercore ISI cut their target price on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Bank of America raised shares of PACCAR from a "neutral" rating to a "buy" rating and upped their price target for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. Finally, Citigroup cut their price objective on PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $105.23.

PACCAR Stock Down 1.0 %

PCAR stock traded down $0.95 during mid-day trading on Friday, hitting $90.61. 2,238,168 shares of the company were exchanged, compared to its average volume of 2,760,194. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $47.56 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. PACCAR Inc has a twelve month low of $84.65 and a twelve month high of $118.81. The firm has a fifty day simple moving average of $94.67 and a 200 day simple moving average of $104.30.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.12). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The firm had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same quarter last year, the business earned $2.27 earnings per share. The business's revenue for the quarter was down 16.0% compared to the same quarter last year. On average, research analysts forecast 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. Shareholders of record on Wednesday, May 14th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.46%. PACCAR's payout ratio is currently 20.00%.

Insider Transactions at PACCAR

In related news, CFO Harrie Schippers sold 28,676 shares of the company's stock in a transaction on 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 completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael K. Walton sold 6,000 shares of the firm's 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 sale, the vice president now owns 951 shares in the company, valued at $100,929.63. The trade was a 86.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.02% of the company's stock.

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.