DekaBank Deutsche Girozentrale Has $52.38 Million Holdings in PACCAR Inc. (NASDAQ:PCAR)

DekaBank Deutsche Girozentrale lifted its stake in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 550,985 shares of the company's stock after acquiring an additional 3,874 shares during the period. DekaBank Deutsche Girozentrale owned 0.10% of PACCAR worth $52,378,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PCAR. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of PACCAR by 666.7% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company's stock worth $27,000 after purchasing an additional 240 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of PACCAR by 221.8% in the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after buying an additional 193 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of PACCAR during the 1st quarter worth about $29,000. Sunbelt Securities Inc. increased its stake in PACCAR by 8,750.0% during the fourth quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock valued at $37,000 after acquiring an additional 350 shares during the period. Finally, Atala Financial Inc bought a new position in PACCAR during the fourth quarter valued at about $43,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PCAR has been the topic of several research reports. Morgan Stanley downgraded PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective on the stock. in a report on Wednesday, April 16th. Royal Bank Of Canada cut their price objective on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Evercore ISI dropped 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. UBS Group cut shares of PACCAR from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $108.00 to $78.00 in a research note on Monday, April 7th. Finally, Citigroup boosted their price objective on shares of PACCAR from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $104.59.

PACCAR Stock Down 0.0%

Shares of NASDAQ PCAR traded down $0.03 during trading hours on Wednesday, hitting $98.67. 2,097,059 shares of the stock were exchanged, compared to its average volume of 2,721,811. The company has a market cap of $51.80 billion, a PE ratio of 14.95, a PEG ratio of 3.57 and a beta of 0.94. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81. The company has a quick ratio of 2.19, a current ratio of 2.35 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average price of $93.71 and a 200-day moving average price of $99.01.

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

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.33 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.32 annualized dividend and a yield of 1.34%. PACCAR's dividend payout ratio (DPR) is 20.00%.

Insider Buying and Selling

In related news, Director Pierre R. Breber bought 5,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the transaction, the director owned 13,015 shares of the company's stock, valued at approximately $1,168,486.70. This trade represents a 62.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 2.02% of the stock is currently owned by company insiders.

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.