PACCAR Inc. (NASDAQ:PCAR) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 16.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,675 shares of the company's stock after selling 47,026 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in PACCAR were worth $23,045,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in PACCAR by 666.7% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 276 shares of the company's stock valued at $27,000 after acquiring an additional 240 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of PACCAR by 221.8% during the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after purchasing an additional 193 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of PACCAR during the first quarter worth $29,000. Sunbelt Securities Inc. raised its holdings in shares of PACCAR by 8,750.0% during the fourth quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after purchasing an additional 350 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of PACCAR during the fourth quarter worth $43,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PCAR has been the topic of a number of research reports. Royal Bank Of Canada dropped 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. Evercore ISI dropped their target price on shares of PACCAR from $127.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Citigroup increased their target price on shares of PACCAR from $95.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday. Wall Street Zen raised shares of PACCAR from a "sell" rating to a "hold" rating in a report on Friday. Finally, Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $104.59.

PACCAR Stock Up 0.0%

PCAR stock opened at $94.89 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.35 and a debt-to-equity ratio of 0.55. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The firm's 50-day simple moving average is $92.69 and its 200 day simple moving average is $99.73. The stock has a market cap of $49.81 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 3.51 and a beta of 0.95.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced 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). The company had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.13 billion. PACCAR had a net margin of 10.73% and a return on equity of 20.79%. The business's quarterly revenue was down 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 EPS. As a group, sell-side analysts predict that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors 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 dividend on an annualized basis and a yield of 1.39%. PACCAR's dividend payout ratio is presently 20.00%.

Insider Activity at PACCAR

In related 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 purchased at an average price of $89.78 per share, for a total transaction of $448,900.00. Following the transaction, the director now directly owns 13,015 shares of the company's stock, valued at approximately $1,168,486.70. This represents a 62.38% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.02% of the stock is currently owned by insiders.

About PACCAR

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.

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