Achmea Investment Management B.V. Has $2.86 Million Position in PACCAR Inc. (NASDAQ:PCAR)

Achmea Investment Management B.V. grew its holdings in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) by 42.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,405 shares of the company's stock after purchasing an additional 8,772 shares during the period. Achmea Investment Management B.V.'s holdings in PACCAR were worth $2,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in PCAR. E Fund Management Hong Kong Co. Ltd. increased its position in shares of PACCAR by 666.7% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company's stock worth $27,000 after acquiring an additional 240 shares in the last quarter. Meeder Asset Management Inc. grew its position in PACCAR by 221.8% during the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after purchasing an additional 193 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in PACCAR during the 1st quarter valued at $29,000. Sunbelt Securities Inc. raised its stake in PACCAR by 8,750.0% during the 4th quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock valued at $37,000 after purchasing an additional 350 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in shares of PACCAR in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Buying and Selling at PACCAR

In related news, Director Pierre R. Breber bought 5,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $89.78 per share, with a total value of $448,900.00. Following the completion of the transaction, the director directly owned 13,015 shares of the company's stock, valued at $1,168,486.70. This trade represents a 62.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.02% of the company's stock.

PACCAR Stock Up 0.9%

Shares of PCAR traded up $0.87 during mid-day trading on Wednesday, hitting $99.07. 1,496,398 shares of the company's stock were exchanged, compared to its average volume of 2,839,851. The stock has a market cap of $52.01 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 3.52 and a beta of 0.94. The firm has a fifty day moving average of $93.04 and a two-hundred day moving average of $99.39. The company has a quick ratio of 2.19, a current ratio of 2.35 and a debt-to-equity ratio of 0.55. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.12). PACCAR had a return on equity of 20.79% and a net margin of 10.73%. The business had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same period in the previous year, the company earned $2.27 earnings per share. The company's quarterly revenue was down 16.0% compared to the same quarter last year. On average, sell-side analysts forecast that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Wednesday, May 14th. PACCAR's payout ratio is 20.00%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PCAR shares. Melius Research set a $120.00 price objective on PACCAR in a research note on Tuesday, March 18th. Evercore ISI reduced their price target on shares of PACCAR from $127.00 to $115.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. lowered shares of PACCAR from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $105.00 to $90.00 in a research note on Wednesday, April 30th. Finally, Citigroup lifted their target price on shares of PACCAR from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, PACCAR has a consensus rating of "Hold" and an average target price of $104.59.

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.