Universal Beteiligungs und Servicegesellschaft mbH Invests $42.43 Million in PACCAR Inc (NASDAQ:PCAR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PACCAR Inc (NASDAQ:PCAR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 407,921 shares of the company's stock, valued at approximately $42,432,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of PACCAR at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. raised its holdings in PACCAR by 221.8% during the 4th 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 last quarter. Golden State Wealth Management LLC bought a new position in PACCAR during the 4th quarter worth approximately $37,000. Kestra Investment Management LLC bought a new position in PACCAR during the 4th quarter worth approximately $37,000. Sunbelt Securities Inc. raised its holdings in PACCAR by 8,750.0% during the 4th quarter. Sunbelt Securities Inc. now owns 354 shares of the company's stock worth $37,000 after purchasing an additional 350 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in PACCAR during the 4th quarter worth approximately $43,000. Institutional investors own 64.90% of the company's stock.

PACCAR Stock Down 0.3%

NASDAQ PCAR traded down $0.27 during mid-day trading on Friday, hitting $94.02. The company's stock had a trading volume of 3,004,870 shares, compared to its average volume of 2,773,221. The company's 50 day simple moving average is $92.37 and its 200 day simple moving average is $102.79. PACCAR Inc has a twelve month low of $84.65 and a twelve 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. The firm has a market capitalization of $49.36 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.12). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.13 billion. During the same period in the previous year, the business posted $2.27 EPS. The business's revenue for the quarter was down 16.0% compared to the same quarter last year. Analysts anticipate that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PCAR shares. UBS Group lowered shares of PACCAR from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $108.00 to $78.00 in a report on Monday, April 7th. Wall Street Zen raised shares of PACCAR from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Truist Financial reduced their price objective on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada reduced their price objective on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Finally, Morgan Stanley downgraded shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective for the company. in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $104.14.

Insiders Place Their Bets

In other news, Director Pierre R. Breber acquired 5,000 shares of the business's stock in a transaction on 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 acquisition, the director now directly owns 13,015 shares of the company's stock, valued at $1,168,486.70. The trade was a 62.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.