Czech National Bank Boosts Holdings in PACCAR Inc (NASDAQ:PCAR)

Czech National Bank lifted its position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 6.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,446 shares of the company's stock after buying an additional 6,767 shares during the quarter. Czech National Bank's holdings in PACCAR were worth $11,728,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Rhumbline Advisers lifted its stake in shares of PACCAR by 2.3% during the 1st quarter. Rhumbline Advisers now owns 1,047,657 shares of the company's stock valued at $102,010,000 after buying an additional 23,538 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in PACCAR by 14.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,173 shares of the company's stock worth $504,000 after purchasing an additional 659 shares in the last quarter. GAMMA Investing LLC lifted its stake in PACCAR by 10,716.5% in the 1st quarter. GAMMA Investing LLC now owns 879,056 shares of the company's stock worth $85,594,000 after purchasing an additional 870,929 shares in the last quarter. Insight Wealth Strategies LLC lifted its stake in PACCAR by 1.3% in the 1st quarter. Insight Wealth Strategies LLC now owns 39,538 shares of the company's stock worth $3,850,000 after purchasing an additional 497 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in PACCAR by 11.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,016 shares of the company's stock worth $196,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

Insider Transactions at PACCAR

In other news, Director Pierre R. Breber bought 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $89.78 per share, with a total value of $448,900.00. Following the completion of the transaction, the director now directly owns 13,015 shares of the company's stock, valued at approximately $1,168,486.70. The trade was a 62.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.02% of the company's stock.

PACCAR Trading Down 0.2%

NASDAQ:PCAR traded down $0.16 during mid-day trading on Thursday, hitting $92.43. 2,130,886 shares of the stock traded hands, compared to its average volume of 2,752,224. The stock has a market capitalization of $48.52 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.77 and a beta of 0.95. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. PACCAR Inc has a 52 week low of $84.65 and a 52 week high of $118.81. The firm's 50 day moving average is $91.94 and its two-hundred day moving average is $102.20.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.13 billion. PACCAR had a net margin of 12.36% and a return on equity of 23.53%. PACCAR's quarterly revenue was down 16.0% on a year-over-year basis. During the same period last year, the firm earned $2.27 earnings per share. On average, equities research analysts predict that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.32 annualized dividend and a dividend yield of 1.43%. PACCAR's payout ratio is presently 20.00%.

Wall Street Analyst Weigh In

PCAR has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of PACCAR from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Morgan Stanley cut shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target on the stock. in a research note on Wednesday, April 16th. Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. downgraded shares of PACCAR from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $105.00 to $90.00 in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $104.14.

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.