Mn Services Vermogensbeheer B.V. Has $18.52 Million Stock Position in PACCAR Inc. (NASDAQ:PCAR)

Mn Services Vermogensbeheer B.V. cut its stake in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,219 shares of the company's stock after selling 16,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in PACCAR were worth $18,522,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. PDS Planning Inc boosted its holdings in PACCAR by 3.7% in the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after purchasing an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of PACCAR by 14.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock valued at $88,000 after purchasing an additional 107 shares during the last quarter. Claris Advisors LLC MO lifted its position in shares of PACCAR by 1.5% in the fourth quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock valued at $750,000 after acquiring an additional 108 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of PACCAR by 33.1% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock worth $45,000 after purchasing an additional 116 shares during the last quarter. Finally, Norden Group LLC boosted its stake in PACCAR by 3.8% in the 4th quarter. Norden Group LLC now owns 3,251 shares of the company's stock worth $338,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

PACCAR Trading Down 0.4%

PCAR traded down $0.38 during trading on Thursday, reaching $90.72. The company had a trading volume of 2,702,689 shares, compared to its average volume of 2,743,349. The firm's 50-day simple moving average is $92.08 and its 200 day simple moving average is $100.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.19 and a current ratio of 2.35. The company has a market cap of $47.62 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 3.37 and a beta of 0.95. 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, April 29th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). PACCAR had a net margin of 10.73% and a return on equity of 20.79%. The business had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.13 billion. During the same quarter in the previous year, the company earned $2.27 EPS. PACCAR's revenue for the quarter was down 16.0% on a year-over-year basis. Equities research analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, May 14th. PACCAR's dividend payout ratio (DPR) is presently 20.00%.

Insider Activity at PACCAR

In related news, Director Pierre R. Breber bought 5,000 shares of PACCAR stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the acquisition, the director now owns 13,015 shares in the company, valued at $1,168,486.70. This trade represents a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.02% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on PCAR. Citigroup reduced their target price on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Royal Bank Of Canada cut their target price on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Morgan Stanley lowered PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective for the company. in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut PACCAR from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $105.00 to $90.00 in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.