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

DekaBank Deutsche Girozentrale raised its holdings in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 550,985 shares of the company's stock after acquiring an additional 3,874 shares during the quarter. 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 modified their holdings of PCAR. PDS Planning Inc boosted its stake in PACCAR by 3.7% during 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 boosted its stake in PACCAR by 14.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after acquiring an additional 107 shares in the last quarter. Claris Advisors LLC MO boosted its stake in PACCAR by 1.5% during the fourth quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock worth $750,000 after acquiring an additional 108 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in PACCAR by 33.1% during the first quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock worth $45,000 after acquiring an additional 116 shares in the last quarter. Finally, RMR Wealth Builders lifted its stake in shares of PACCAR by 1.4% in the first quarter. RMR Wealth Builders now owns 8,713 shares of the company's stock valued at $848,000 after buying an additional 122 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Trading Up 1.5%

PACCAR stock traded up $1.49 during mid-day trading on Thursday, reaching $100.16. 781,256 shares of the company traded hands, compared to its average volume of 2,717,100. The firm's 50 day moving average price is $93.88 and its 200 day moving average price is $99.01. The firm has a market capitalization of $52.58 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 3.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.35 and a quick ratio of 2.19. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $118.81.

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

PACCAR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, August 14th. PACCAR's dividend payout ratio is presently 20.00%.

Analysts Set New Price Targets

PCAR has been the topic of a number of recent research reports. UBS Group lowered shares of PACCAR from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $108.00 to $78.00 in a research note on Monday, April 7th. Citigroup lifted their target price 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. Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Melius Research set a $120.00 price target on shares of PACCAR in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lowered shares of PACCAR from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $105.00 to $90.00 in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $104.59.

Insider Buying and Selling

In related news, Director Pierre R. Breber purchased 5,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $89.78 per share, with a total value of $448,900.00. Following the acquisition, the director directly owned 13,015 shares in the company, valued at $1,168,486.70. The trade was a 62.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.02% of the company's stock.

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.