20,189 Shares in PACCAR Inc. $PCAR Bought by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new position in PACCAR Inc., purchasing 20,189 shares valued at approximately $1.895 million during the first quarter.
• In recent transactions, PACCAR's CEO and CFO sold significant shares, resulting in a 15.19% decrease and a 91.44% decrease respectively in their ownership.
• Several research firms have recently upgraded their ratings for PACCAR, with a consensus price target of $107.68 following various revisions in assessments of the stock's performance.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 20,189 shares of the company's stock, valued at approximately $1,895,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FORA Capital LLC bought a new position in PACCAR during the 1st quarter worth $597,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in PACCAR by 15.1% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 794,946 shares of the company's stock worth $77,404,000 after buying an additional 104,281 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in PACCAR by 62.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 36,289 shares of the company's stock worth $3,533,000 after buying an additional 13,904 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in PACCAR by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 12,962 shares of the company's stock worth $1,262,000 after buying an additional 4,429 shares during the last quarter. Finally, Moran Wealth Management LLC grew its stake in shares of PACCAR by 28.8% in the first quarter. Moran Wealth Management LLC now owns 235,167 shares of the company's stock worth $22,898,000 after purchasing an additional 52,525 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PACCAR

In other news, CEO R Preston Feight sold 39,965 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $99.52, for a total transaction of $3,977,316.80. Following the completion of the sale, the chief executive officer directly owned 223,190 shares of the company's stock, valued at $22,211,868.80. This represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brice J. Poplawski sold 5,000 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $100.94, for a total value of $504,700.00. Following the sale, the chief financial officer directly owned 468 shares of the company's stock, valued at approximately $47,239.92. This represents a 91.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PCAR. Evercore ISI set a $114.00 price target on PACCAR and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Truist Financial decreased their price target on PACCAR from $102.00 to $98.00 and set a "hold" rating for the company in a research note on Wednesday, July 23rd. UBS Group raised PACCAR from a "sell" rating to a "neutral" rating and increased their price target for the stock from $81.00 to $100.00 in a research note on Wednesday, July 23rd. Argus raised PACCAR from a "hold" rating to a "buy" rating and set a $121.00 price target for the company in a research note on Monday, July 28th. Finally, Vertical Research raised PACCAR to a "strong-buy" rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, PACCAR currently has an average rating of "Moderate Buy" and a consensus price target of $107.68.

PACCAR Trading Up 0.7%

Shares of PACCAR stock opened at $102.51 on Friday. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.57. The firm has a market cap of $53.83 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 4.09 and a beta of 0.94. The business has a fifty day simple moving average of $98.48 and a 200-day simple moving average of $96.16. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $7.02 billion. PACCAR had a return on equity of 18.25% and a net margin of 9.88%.The company's revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 earnings per share. On average, equities analysts forecast that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $1.32 annualized dividend and a dividend yield of 1.3%. PACCAR's dividend payout ratio is 22.60%.

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.

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