Mn Services Vermogensbeheer B.V. Has $18.65 Million Position in PACCAR Inc. $PCAR

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in PACCAR Inc. by 3.2%, resulting in ownership of 196,219 shares valued at approximately $18.65 million.
• CEO R. Preston Feight sold nearly 40,000 shares of PACCAR, leading to a 15.19% decrease in his ownership, while CFO Brice J. Poplawski also reduced his stake by 91.44%.
• Recent research reports have resulted in upgrades for PACCAR, with target prices ranging from $97.00 to $121.00, indicating a generally positive outlook from analysts.

Mn Services Vermogensbeheer B.V. raised its position in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,219 shares of the company's stock after purchasing an additional 6,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in PACCAR were worth $18,653,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in PACCAR by 1.8% during the first quarter. Vanguard Group Inc. now owns 62,995,929 shares of the company's stock valued at $6,133,914,000 after acquiring an additional 1,113,520 shares during the period. Wellington Management Group LLP boosted its holdings in shares of PACCAR by 20.1% during the first quarter. Wellington Management Group LLP now owns 20,177,930 shares of the company's stock worth $1,964,725,000 after acquiring an additional 3,379,165 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of PACCAR by 9.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 11,754,939 shares of the company's stock valued at $1,144,578,000 after buying an additional 987,805 shares during the period. Northern Trust Corp lifted its stake in PACCAR by 0.5% during the first quarter. Northern Trust Corp now owns 7,239,967 shares of the company's stock worth $704,956,000 after purchasing an additional 37,609 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of PACCAR by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,104,056 shares of the company's stock valued at $594,277,000 after acquiring an additional 97,197 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

PACCAR Stock Down 1.9%

PACCAR stock traded down $1.96 during trading on Friday, reaching $99.46. The stock had a trading volume of 7,590,824 shares, compared to its average volume of 2,387,527. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $118.81. The business has a 50 day moving average price of $98.81 and a 200 day moving average price of $96.03. 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 stock has a market cap of $52.23 billion, a PE ratio of 17.03, a P/E/G ratio of 4.07 and a beta of 0.94.

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

PACCAR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, November 12th. PACCAR's dividend payout ratio is presently 22.60%.

Analyst Upgrades and Downgrades

PCAR has been the topic of a number of research analyst reports. Argus raised shares of PACCAR from a "hold" rating to a "buy" rating and set a $121.00 price objective on the stock in a research report on Monday, July 28th. Vertical Research raised shares of PACCAR to a "strong-buy" rating in a report on Wednesday, July 23rd. Evercore ISI set a $114.00 target price on shares of PACCAR and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. boosted their price target on PACCAR from $95.00 to $97.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, UBS Group raised shares of PACCAR from a "sell" rating to a "neutral" rating and raised their target price for the company from $81.00 to $100.00 in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $107.68.

Insider Activity

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