Quantbot Technologies LP Acquires 18,435 Shares of PACCAR Inc. $PCAR

Key Points

• Quantbot Technologies LP increased its holdings in PACCAR Inc. by 148.5%, acquiring an additional 18,435 shares, bringing its total to 30,847 shares valued at $3,004,000.
• PACCAR's latest quarterly earnings showed a 9.88% net margin with an EPS of $1.37, exceeding analysts' expectations despite a 15.7% revenue decline compared to the previous year.
• The company announced a quarterly dividend of $0.33 per share, with a current dividend yield of 1.3%, reflecting a payout ratio of 22.60%.

Quantbot Technologies LP lifted its holdings in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) by 148.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 30,847 shares of the company's stock after purchasing an additional 18,435 shares during the period. Quantbot Technologies LP's holdings in PACCAR were worth $3,004,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of PACCAR by 15.1% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 794,946 shares of the company's stock worth $77,404,000 after purchasing an additional 104,281 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of PACCAR by 62.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 36,289 shares of the company's stock worth $3,533,000 after purchasing an additional 13,904 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in shares of PACCAR by 51.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 12,962 shares of the company's stock worth $1,262,000 after purchasing an additional 4,429 shares during the last quarter. Moran Wealth Management LLC grew its holdings in shares of PACCAR by 28.8% during the first quarter. Moran Wealth Management LLC now owns 235,167 shares of the company's stock worth $22,898,000 after purchasing an additional 52,525 shares during the last quarter. Finally, Stack Financial Management Inc bought a new stake in shares of PACCAR during the first quarter worth $20,585,000. Institutional investors own 64.90% of the company's stock.

Insider Activity

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

PACCAR Trading Down 0.9%

NASDAQ:PCAR traded down $0.8630 during mid-day trading on Monday, hitting $100.6370. The company had a trading volume of 1,324,587 shares, compared to its average volume of 2,865,370. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The business's fifty day moving average is $96.87 and its two-hundred day moving average is $96.68. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.80 and a current ratio of 3.02. The firm has a market cap of $52.84 billion, a P/E ratio of 17.22, a P/E/G ratio of 4.07 and a beta of 0.91.

PACCAR (NASDAQ:PCAR - Get Free Report) last released 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 firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The company's quarterly revenue was down 15.7% on a year-over-year basis. As a group, research analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

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 paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.32 annualized dividend and a yield of 1.3%. PACCAR's dividend payout ratio is presently 22.60%.

Wall Street Analysts Forecast Growth

PCAR has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target on PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on PACCAR from $95.00 to $97.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Citigroup raised their price target on PACCAR from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, June 24th. Evercore ISI set a $114.00 price target on PACCAR and gave the company an "outperform" rating in a report on Tuesday, August 19th. Finally, UBS Group upgraded PACCAR from a "sell" rating to a "neutral" rating and raised their price target for the company from $81.00 to $100.00 in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, PACCAR currently has a consensus rating of "Moderate Buy" and an average price target of $107.68.

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.