Worldquant Millennium Advisors LLC Has $2.68 Million Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Worldquant Millennium Advisors LLC lessened its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 66.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,717 shares of the company's stock after selling 50,022 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in PACCAR were worth $2,675,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. increased its position in PACCAR by 221.8% in the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after buying an additional 193 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of PACCAR in the fourth quarter valued at $37,000. Kestra Investment Management LLC purchased a new position in shares of PACCAR in the fourth quarter valued at $37,000. OFI Invest Asset Management purchased a new position in shares of PACCAR in the fourth quarter valued at $43,000. Finally, Atala Financial Inc purchased a new position in shares of PACCAR in the fourth quarter valued at $43,000. Institutional investors own 64.90% of the company's stock.

Insider Activity at PACCAR

In other PACCAR news, Director Pierre R. Breber purchased 5,000 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $89.78 per share, with a total value of $448,900.00. Following the acquisition, the director now directly owns 13,015 shares of the company's stock, valued at $1,168,486.70. This represents a 62.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.02% of the company's stock.

PACCAR Stock Performance

Shares of PACCAR stock traded down $0.21 during trading hours on Wednesday, reaching $94.76. The company's stock had a trading volume of 328,090 shares, compared to its average volume of 2,765,244. The stock has a market cap of $49.75 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. The company's 50 day simple moving average is $92.62 and its 200 day simple moving average is $103.16. PACCAR Inc has a one year low of $84.65 and a one year high of $118.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced 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 business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.13 billion. PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The business's revenue for the quarter was down 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 EPS. As a group, analysts expect that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, May 14th. PACCAR's payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

PCAR has been the subject of several recent research reports. Royal Bank of Canada reduced their price target on PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Melius raised PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Evercore ISI dropped their price target on PACCAR from $127.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. Citigroup lowered their target price on PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Wall Street Zen raised PACCAR from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. One research 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 data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $104.14.

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.