UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in PACCAR Inc (NASDAQ:PCAR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,898,186 shares of the company's stock after buying an additional 407,811 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.55% of PACCAR worth $301,469,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PCAR. USS Investment Management Ltd lifted its position in shares of PACCAR by 14.6% during the 4th quarter. USS Investment Management Ltd now owns 91,943 shares of the company's stock worth $9,562,000 after buying an additional 11,717 shares in the last quarter. Waverly Advisors LLC lifted its position in shares of PACCAR by 42.6% during the 4th quarter. Waverly Advisors LLC now owns 3,248 shares of the company's stock worth $338,000 after buying an additional 971 shares in the last quarter. Woodline Partners LP bought a new position in shares of PACCAR during the 4th quarter worth approximately $3,275,000. Zurich Insurance Group Ltd FI lifted its position in shares of PACCAR by 22.5% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 25,536 shares of the company's stock worth $2,656,000 after buying an additional 4,686 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in shares of PACCAR during the 4th quarter worth approximately $270,000. Institutional investors own 64.90% of the company's stock.

Insider Activity

In related news, Director Pierre R. Breber acquired 5,000 shares of PACCAR stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $89.78 per share, with a total value of $448,900.00. Following the completion of the purchase, the director now owns 13,015 shares of the company's stock, valued at $1,168,486.70. This represents a 62.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.02% of the company's stock.

PACCAR Price Performance

Shares of NASDAQ:PCAR traded down $1.09 during trading on Friday, reaching $93.24. The company had a trading volume of 2,249,642 shares, compared to its average volume of 2,774,105. The company has a fifty day moving average of $92.82 and a two-hundred day moving average of $103.43. The stock has a market capitalization of $48.95 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. PACCAR Inc has a 12 month low of $84.65 and a 12 month high of $118.81. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its earnings results 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). The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.13 billion. PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The business's quarterly revenue was down 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.27 EPS. Equities research analysts forecast that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.42%. PACCAR's payout ratio is 20.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Morgan Stanley lowered shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target for the company. in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lowered 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. UBS Group lowered PACCAR from a "neutral" rating to a "sell" rating and lowered their target price for the company from $108.00 to $78.00 in a research note on Monday, April 7th. Truist Financial lowered their target price on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup lowered their target price on PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.