UBS Group AG Has $498.15 Million Holdings in PACCAR Inc. $PCAR

Key Points

• UBS Group AG boosted its PACCAR stake by 74.4% in Q4, buying 1,940,260 shares to hold 4,548,861 shares worth about $498.15 million (≈0.87% of the company).
• Insider selling has been notable: EVP C. Michael Dozier sold 79,076 shares and CFO Brice J. Poplawski sold 2,200 shares, with insiders offloading 133,105 shares (~$16.9M) over the past 90 days and now owning 1.99%.
• Analysts are mixed—the consensus rating is "Hold" with a $117.42 target (JPMorgan raised its target to $142), while PACCAR has a $66.8B market cap, P/E of 28.16, and reported $1.06 EPS on $6.82B revenue (revenue down 15.1% YoY but above consensus).

UBS Group AG boosted its holdings in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 74.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,548,861 shares of the company's stock after buying an additional 1,940,260 shares during the quarter. UBS Group AG owned approximately 0.87% of PACCAR worth $498,146,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of PACCAR by 0.3% during the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company's stock valued at $9,258,000 after purchasing an additional 290 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of PACCAR by 15.4% during the first quarter. Focus Partners Wealth now owns 13,604 shares of the company's stock valued at $1,324,000 after purchasing an additional 1,812 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of PACCAR by 2.3% during the second quarter. Treasurer of the State of North Carolina now owns 240,749 shares of the company's stock valued at $22,886,000 after purchasing an additional 5,327 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of PACCAR by 11.5% during the second quarter. Ieq Capital LLC now owns 37,404 shares of the company's stock valued at $3,556,000 after purchasing an additional 3,858 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of PACCAR during the second quarter valued at about $81,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PACCAR

In other news, EVP C Michael Dozier sold 79,076 shares of the firm's stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $127.92, for a total transaction of $10,115,401.92. Following the completion of the transaction, the executive vice president directly owned 34,656 shares in the company, valued at $4,433,195.52. This trade represents a 69.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brice J. Poplawski sold 2,200 shares of the firm's stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $130.41, for a total value of $286,902.00. Following the transaction, the chief financial officer owned 903 shares of the company's stock, valued at $117,760.23. This trade represents a 70.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 133,105 shares of company stock valued at $16,869,046 over the last ninety days. Insiders own 1.99% of the company's stock.

PACCAR Price Performance

Shares of PCAR opened at $127.00 on Monday. PACCAR Inc. has a 1 year low of $84.65 and a 1 year high of $131.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.98 and a quick ratio of 2.79. The company has a market capitalization of $66.84 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.06 and a beta of 1.06. The business has a 50-day moving average of $121.31 and a 200-day moving average of $113.75.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.06. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.06 billion. During the same period last year, the company earned $1.66 earnings per share. The firm's revenue was down 15.1% compared to the same quarter last year. As a group, equities research analysts anticipate that PACCAR Inc. will post 5.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PCAR. JPMorgan Chase & Co. lifted their price target on PACCAR from $133.00 to $142.00 and gave the company an "overweight" rating in a research note on Wednesday, January 14th. Wall Street Zen raised PACCAR from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. BNP Paribas Exane began coverage on PACCAR in a research note on Tuesday, March 31st. They set a "neutral" rating and a $126.00 price target on the stock. Sanford C. Bernstein reissued an "outperform" rating on shares of PACCAR in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company set a $119.00 price target on PACCAR and gave the company an "equal weight" rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $117.42.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company's products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR's core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.