111 Capital Buys New Stake in PACCAR Inc (NASDAQ:PCAR)

111 Capital acquired a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,044 shares of the company's stock, valued at approximately $421,000.

A number of other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its position in PACCAR by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company's stock valued at $346,878,000 after acquiring an additional 1,164,692 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of PACCAR by 4.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 40,218 shares of the company's stock valued at $4,183,000 after purchasing an additional 1,800 shares during the period. Brighton Jones LLC boosted its stake in shares of PACCAR by 0.3% in the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company's stock valued at $9,258,000 after purchasing an additional 290 shares during the period. Blue Trust Inc. grew its holdings in PACCAR by 16.0% during the 4th quarter. Blue Trust Inc. now owns 4,427 shares of the company's stock valued at $437,000 after purchasing an additional 611 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in PACCAR by 6.4% during the 4th quarter. Pacer Advisors Inc. now owns 69,019 shares of the company's stock worth $7,179,000 after buying an additional 4,173 shares during the period. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Buying and Selling at PACCAR

In other news, Director Pierre R. Breber acquired 5,000 shares of the stock in a transaction dated 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 transaction, the director now owns 13,015 shares in the company, valued at approximately $1,168,486.70. This trade represents a 62.38% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.02% of the company's stock.

PACCAR Stock Performance

PCAR stock traded down $2.15 on Monday, reaching $91.70. 1,347,282 shares of the company were exchanged, compared to its average volume of 2,757,886. The firm has a market capitalization of $48.14 billion, a PE ratio of 11.59, a PEG ratio of 2.77 and a beta of 0.96. PACCAR Inc has a 12 month low of $84.65 and a 12 month high of $118.81. The stock's fifty day moving average price is $92.37 and its 200 day moving average price is $102.61. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted 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). The company 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 business's revenue for the quarter was down 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 EPS. On average, research analysts anticipate that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.32 annualized dividend and a yield of 1.44%. PACCAR's dividend payout ratio (DPR) is 20.00%.

Analyst Upgrades and Downgrades

PCAR has been the subject of a number of recent analyst reports. Melius Research set a $120.00 price target on shares of PACCAR in a research report on Tuesday, March 18th. Morgan Stanley lowered shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective for the company. in a report on Wednesday, April 16th. Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. UBS Group cut shares of PACCAR from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $108.00 to $78.00 in a research report on Monday, April 7th. Finally, Wall Street Zen raised PACCAR from a "sell" rating to a "hold" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $104.14.

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.