Raiffeisen Bank International AG Makes New $309,000 Investment in PACCAR Inc (NASDAQ:PCAR)

Raiffeisen Bank International AG acquired a new position in PACCAR Inc (NASDAQ:PCAR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,979 shares of the company's stock, valued at approximately $309,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of PACCAR by 49.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company's stock worth $346,878,000 after purchasing an additional 1,164,692 shares during the period. AdvisorNet Financial Inc lifted its position in PACCAR by 223.4% in the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company's stock worth $59,000 after buying an additional 391 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its position in PACCAR by 4.8% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 21,621 shares of the company's stock worth $2,249,000 after buying an additional 983 shares during the last quarter. Merit Financial Group LLC boosted its stake in PACCAR by 99.0% during the fourth quarter. Merit Financial Group LLC now owns 8,089 shares of the company's stock worth $841,000 after buying an additional 4,025 shares during the period. Finally, HB Wealth Management LLC increased its position in PACCAR by 9.3% during the fourth quarter. HB Wealth Management LLC now owns 35,661 shares of the company's stock valued at $3,710,000 after acquiring an additional 3,046 shares during the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PCAR shares. Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. UBS Group lowered PACCAR from a "neutral" rating to a "sell" rating and dropped their target price for the company from $108.00 to $78.00 in a research report on Monday, April 7th. Royal Bank of Canada reduced 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. Melius Research set a $120.00 price target on PACCAR in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lowered shares of 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 note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $104.14.

PACCAR Stock Down 2.2%

NASDAQ:PCAR traded down $2.17 during trading hours on Wednesday, reaching $94.33. The company's stock had a trading volume of 1,946,576 shares, compared to its average volume of 2,778,262. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. The company has a market capitalization of $49.52 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. The stock has a 50 day moving average price of $93.19 and a two-hundred day moving average price of $103.76. 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 issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The company had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.13 billion. During the same quarter last year, the company earned $2.27 earnings per share. The company's revenue for the quarter was down 16.0% compared to the same quarter last year. Equities analysts predict that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, May 14th. PACCAR's dividend payout ratio is currently 20.00%.

Insider Transactions at PACCAR

In other PACCAR news, Director Pierre R. Breber bought 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $89.78 per share, for a total transaction of $448,900.00. Following the purchase, the director now directly owns 13,015 shares in the company, valued at $1,168,486.70. This represents a 62.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.02% of the company's stock.

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.