PACCAR Inc. $PCAR Shares Sold by Groupe la Francaise

Key Points

• Groupe la Francaise reduced its stake in PACCAR Inc. by 96.5% in Q1, holding only 978 shares worth approximately $96,000 at the end of the quarter.
• Insider trading activity included CFO Brice J. Poplawski selling 5,000 shares and CEO R Preston Feight selling 39,965 shares, both representing significant decreases in their respective holdings.
• PACCAR recently announced a quarterly dividend of $0.33 per share, with a yield of 1.3% and a payout ratio of 22.60%.

Groupe la Francaise cut its position in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) by 96.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 978 shares of the company's stock after selling 27,074 shares during the period. Groupe la Francaise's holdings in PACCAR were worth $96,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of PACCAR by 15.1% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 794,946 shares of the company's stock worth $77,404,000 after purchasing an additional 104,281 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of PACCAR by 62.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 36,289 shares of the company's stock worth $3,533,000 after purchasing an additional 13,904 shares during the period. China Universal Asset Management Co. Ltd. boosted its stake in shares of PACCAR by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 12,962 shares of the company's stock worth $1,262,000 after purchasing an additional 4,429 shares during the period. Moran Wealth Management LLC lifted its holdings in PACCAR by 28.8% during the 1st quarter. Moran Wealth Management LLC now owns 235,167 shares of the company's stock valued at $22,898,000 after buying an additional 52,525 shares in the last quarter. Finally, Stack Financial Management Inc bought a new stake in PACCAR during the 1st quarter valued at about $20,585,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Stock Down 0.7%

Shares of NASDAQ PCAR traded down $0.70 during trading hours on Friday, hitting $99.98. 2,225,815 shares of the stock were exchanged, compared to its average volume of 2,854,216. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.57. The company has a market cap of $52.50 billion, a PE ratio of 17.12, a PEG ratio of 4.07 and a beta of 0.91. The firm has a fifty day moving average price of $97.62 and a 200-day moving average price of $96.66. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.09. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $7.02 billion. PACCAR had a net margin of 9.88% and a return on equity of 18.25%. PACCAR's revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 EPS. On average, sell-side analysts expect that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. PACCAR's payout ratio is currently 22.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Vertical Research upgraded shares of PACCAR to a "strong-buy" rating in a report on Wednesday, July 23rd. Truist Financial decreased their price objective on shares of PACCAR from $102.00 to $98.00 and set a "hold" rating for the company in a report on Wednesday, July 23rd. Argus upgraded shares of PACCAR from a "hold" rating to a "buy" rating and set a $121.00 price objective for the company in a report on Monday, July 28th. UBS Group upgraded shares of PACCAR from a "sell" rating to a "neutral" rating and boosted their price target for the company from $81.00 to $100.00 in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of PACCAR from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.68.

Insider Activity at PACCAR

In other news, CFO Brice J. Poplawski sold 5,000 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $100.94, for a total value of $504,700.00. Following the sale, the chief financial officer owned 468 shares in the company, valued at $47,239.92. This represents a 91.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R Preston Feight sold 39,965 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $99.52, for a total transaction of $3,977,316.80. Following the sale, the chief executive officer directly owned 223,190 shares in the company, valued at $22,211,868.80. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by insiders.

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.