Cetera Investment Advisers Acquires 7,420 Shares of PACCAR Inc (NASDAQ:PCAR)

Cetera Investment Advisers lifted its holdings in PACCAR Inc (NASDAQ:PCAR - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,075 shares of the company's stock after acquiring an additional 7,420 shares during the period. Cetera Investment Advisers' holdings in PACCAR were worth $4,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Wellington Management Group LLP raised its position in shares of 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 acquiring an additional 3,364,650 shares in the last quarter. Geode Capital Management LLC raised its position in shares of PACCAR by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 12,242,288 shares of the company's stock worth $1,275,269,000 after acquiring an additional 362,637 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in PACCAR by 5.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,767,134 shares of the company's stock valued at $1,119,997,000 after buying an additional 572,231 shares in the last quarter. FMR LLC increased its position in PACCAR by 1.9% in the 4th quarter. FMR LLC now owns 8,791,660 shares of the company's stock valued at $914,509,000 after buying an additional 167,165 shares in the last quarter. Finally, Northern Trust Corp increased its position in PACCAR by 8.5% in the 4th quarter. Northern Trust Corp now owns 7,202,358 shares of the company's stock valued at $749,189,000 after buying an additional 565,967 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

Insider Transactions at PACCAR

In other news, CFO Harrie Schippers sold 28,676 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $105.97, for a total value of $3,038,795.72. Following the transaction, the chief financial officer now owns 114,659 shares in the company, valued at $12,150,414.23. The trade was a 20.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pierre R. Breber bought 5,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $89.78 per share, for a total transaction of $448,900.00. Following the purchase, the director now directly owns 13,015 shares in the company, valued at approximately $1,168,486.70. The trade was a 62.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.02% of the company's stock.

PACCAR Price Performance

PCAR stock opened at $94.65 on Thursday. The company has a market capitalization of $49.69 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. PACCAR Inc has a 52-week low of $84.65 and a 52-week high of $118.81. The business has a 50-day simple moving average of $93.79 and a two-hundred day simple moving average of $104.01.

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 analysts' consensus estimates of $1.58 by ($0.12). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The business had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.13 billion. During the same quarter in the previous year, the firm earned $2.27 EPS. PACCAR's quarterly revenue was down 16.0% on a year-over-year basis. Research analysts expect that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.39%. PACCAR's payout ratio is presently 20.00%.

Analysts Set New Price Targets

A number of analysts recently commented on PCAR shares. UBS Group lowered PACCAR from a "neutral" rating to a "sell" rating and decreased their target price for the company from $108.00 to $78.00 in a research report on Monday, April 7th. Melius Research set a $120.00 target price on PACCAR in a research report on Tuesday, March 18th. Royal Bank of Canada decreased their target price on PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Melius raised PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Citigroup decreased their target price on PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, nine have given 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.com, the stock has a consensus rating of "Hold" and an average target price of $105.23.

PACCAR 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.

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