2,592 Shares in PACCAR Inc (NASDAQ:PCAR) Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd bought a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,592 shares of the company's stock, valued at approximately $270,000.

Several other large investors have also bought and sold shares of the stock. Wellington Management Group LLP raised its position in PACCAR by 25.0% during the 4th quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company's stock worth $1,747,408,000 after purchasing an additional 3,364,650 shares during 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 boosted its position in shares of PACCAR by 5.6% during 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 purchasing an additional 572,231 shares in the last quarter. FMR LLC increased its holdings in PACCAR by 1.9% in the fourth quarter. FMR LLC now owns 8,791,660 shares of the company's stock worth $914,509,000 after purchasing an additional 167,165 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in PACCAR by 8.5% in the fourth quarter. Northern Trust Corp now owns 7,202,358 shares of the company's stock worth $749,189,000 after purchasing an additional 565,967 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PCAR. JPMorgan Chase & Co. downgraded PACCAR from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $105.00 to $90.00 in a report on Wednesday, April 30th. StockNews.com raised PACCAR from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Melius raised PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Melius Research set a $120.00 price objective on PACCAR in a research note on Tuesday, March 18th. Finally, Royal Bank of Canada reduced their price objective on PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $104.14.

Insider Buying and Selling

In other PACCAR news, Director Pierre R. Breber purchased 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the acquisition, the director now owns 13,015 shares of the company's stock, valued at $1,168,486.70. The trade was a 62.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Stock Down 0.5%

Shares of NASDAQ:PCAR opened at $96.50 on Wednesday. The stock has a market cap of $50.66 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 2.77 and a beta of 0.96. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. PACCAR Inc has a 12-month low of $84.65 and a 12-month high of $118.81. The business's 50 day moving average is $93.19 and its 200 day moving average is $103.76.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its earnings results 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). The company had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.13 billion. PACCAR had a net margin of 12.36% and a return on equity of 23.53%. The firm's quarterly revenue was down 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. On average, sell-side 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. Investors 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 annualized dividend and a dividend yield of 1.37%. PACCAR's payout ratio is 20.00%.

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.

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