DekaBank Deutsche Girozentrale Acquires 3,874 Shares of PACCAR Inc. (NASDAQ:PCAR)

DekaBank Deutsche Girozentrale lifted its holdings in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 550,985 shares of the company's stock after acquiring an additional 3,874 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.10% of PACCAR worth $52,378,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. PDS Planning Inc increased its position in shares of PACCAR by 3.7% in the fourth quarter. PDS Planning Inc now owns 2,810 shares of the company's stock worth $292,000 after acquiring an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in PACCAR by 14.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after buying an additional 107 shares in the last quarter. Claris Advisors LLC MO boosted its position in PACCAR by 1.5% in the 4th quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock valued at $750,000 after buying an additional 108 shares during the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of PACCAR by 33.1% during the first quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock valued at $45,000 after acquiring an additional 116 shares in the last quarter. Finally, RMR Wealth Builders increased its position in shares of PACCAR by 1.4% during the first quarter. RMR Wealth Builders now owns 8,713 shares of the company's stock worth $848,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Transactions at PACCAR

In other PACCAR news, Director Pierre R. Breber purchased 5,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $89.78 per share, for a total transaction of $448,900.00. Following the completion of the acquisition, the director owned 13,015 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. 2.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

PCAR has been the topic of a number of analyst reports. Citigroup lifted their target price on PACCAR from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 24th. Morgan Stanley lowered PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price on the stock. in a research report on Wednesday, April 16th. UBS Group lowered PACCAR from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $108.00 to $78.00 in a research report on Monday, April 7th. Melius Research set a $120.00 price objective on PACCAR in a report on Tuesday, March 18th. Finally, Royal Bank Of Canada lowered their price objective on PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, PACCAR has an average rating of "Hold" and an average target price of $104.59.

PACCAR Stock Down 2.0%

NASDAQ PCAR traded down $2.01 on Friday, reaching $97.21. The company had a trading volume of 2,822,712 shares, compared to its average volume of 2,734,823. The firm has a market capitalization of $51.03 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 3.59 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.19 and a current ratio of 2.35. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $118.81. The company's fifty day moving average is $94.21 and its 200-day moving average is $98.87.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued 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 firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.13 billion. PACCAR had a net margin of 10.73% and a return on equity of 20.79%. The company's revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter last year, the business posted $2.27 earnings per share. On average, research analysts forecast that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.33 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.36%. PACCAR's dividend payout ratio (DPR) 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.