PACCAR Inc. (NASDAQ:PCAR) Shares Purchased by Regents Gate Capital LLP

Regents Gate Capital LLP boosted its stake in shares of PACCAR Inc. (NASDAQ:PCAR - Free Report) by 17,395.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 74,007 shares of the company's stock after buying an additional 73,584 shares during the period. PACCAR makes up approximately 3.1% of Regents Gate Capital LLP's holdings, making the stock its 14th largest holding. Regents Gate Capital LLP's holdings in PACCAR were worth $7,206,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PCAR. E Fund Management Hong Kong Co. Ltd. increased its stake 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 worth $27,000 after purchasing an additional 240 shares during the period. Meeder Asset Management Inc. increased its stake 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 purchasing an additional 193 shares during the period. Alpine Bank Wealth Management purchased a new stake in PACCAR in the first quarter worth $29,000. Sunbelt Securities Inc. increased its stake in PACCAR by 8,750.0% in 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, Atala Financial Inc purchased a new stake in PACCAR in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 64.90% of the company's stock.

PACCAR Stock Down 2.0%

PCAR stock traded down $2.01 during trading on Friday, reaching $97.21. 2,822,712 shares of the company traded hands, compared to its average volume of 2,734,823. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $118.81. The business has a 50 day simple moving average of $94.21 and a 200 day simple moving average of $98.87. The company has a market capitalization of $51.03 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 3.59 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.19 and a current ratio of 2.35.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share 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 20.79% and a net margin of 10.73%. PACCAR's revenue was down 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 EPS. On average, equities research analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.36%. PACCAR's payout ratio is 20.00%.

Insider Transactions at PACCAR

In related news, Director Pierre R. Breber purchased 5,000 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $89.78 per share, for a total transaction of $448,900.00. Following the purchase, the director owned 13,015 shares of the company's stock, valued at $1,168,486.70. This trade represents a 62.38% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

PCAR has been the topic of a number of recent research reports. Wall Street Zen raised PACCAR from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Melius Research set a $120.00 price target on PACCAR in a research report on Tuesday, March 18th. JPMorgan Chase & Co. downgraded PACCAR from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $105.00 to $90.00 in a research report on Wednesday, April 30th. Truist Financial dropped their price target on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Finally, Melius raised PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $104.59.

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.