PACCAR Inc. $PCAR Shares Bought by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in PACCAR Inc. by 13.5% during Q1, owning 113,522 shares valued at over $11 million.
• PACCAR announced a quarterly dividend of $0.33 per share, reflecting a yield of 1.3% and a dividend payout ratio of 22.60%.
• The company's earnings report showed a beat on EPS estimates, with $1.37 earnings per share reported, despite a 15.7% decline in revenue year-over-year.

B. Metzler seel. Sohn & Co. AG grew its position in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) by 13.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 113,522 shares of the company's stock after purchasing an additional 13,459 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in PACCAR were worth $11,054,000 as of its most recent filing with the SEC.

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

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $100.25 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.57. PACCAR Inc. has a 1 year low of $84.65 and a 1 year high of $118.81. The business has a fifty day simple moving average of $97.21 and a 200 day simple moving average of $96.67. The firm has a market cap of $52.64 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 4.04 and a beta of 0.91.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. PACCAR had a return on equity of 18.25% and a net margin of 9.88%.The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same period last year, the company earned $2.13 earnings per share. The business's revenue was down 15.7% compared to the same quarter last year. As a group, sell-side analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 14th. PACCAR's dividend payout ratio (DPR) is 22.60%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Evercore ISI set a $114.00 price objective on PACCAR and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. UBS Group raised PACCAR from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $81.00 to $100.00 in a research note on Wednesday, July 23rd. Vertical Research raised PACCAR to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised PACCAR from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Citigroup raised their price objective on PACCAR from $95.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, PACCAR currently has an average rating of "Moderate Buy" and a consensus price target of $107.68.

Insider Activity

In other PACCAR news, CFO Brice J. Poplawski sold 5,000 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $100.94, for a total transaction of $504,700.00. Following the transaction, the chief financial officer directly owned 468 shares in the company, valued at $47,239.92. This trade represents a 91.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R Preston Feight sold 39,965 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.52, for a total value of $3,977,316.80. Following the transaction, the chief executive officer owned 223,190 shares in the company, valued at approximately $22,211,868.80. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.02% of the stock is owned by company insiders.

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.

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