PACCAR Inc. $PCAR Shares Purchased by Van Lanschot Kempen Investment Management N.V.

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its stake in PACCAR Inc. by 7.2%, now holding 40,690 shares valued at approximately $3.96 million.
• PACCAR's recent quarterly earnings report showed $1.37 earnings per share (EPS), exceeding analyst expectations, though revenue was down 15.7% year-over-year at $6.96 billion.
• The company announced a quarterly dividend of $0.33 per share, with an annualized yield of 1.3%, set to be paid on September 4th to shareholders of record on August 14th.

Van Lanschot Kempen Investment Management N.V. lifted its stake in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,690 shares of the company's stock after purchasing an additional 2,750 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in PACCAR were worth $3,962,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of PACCAR by 62.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 142,997 shares of the company's stock worth $13,924,000 after purchasing an additional 55,104 shares during the last quarter. Quantbot Technologies LP raised its holdings in PACCAR by 148.5% in the first quarter. Quantbot Technologies LP now owns 30,847 shares of the company's stock worth $3,004,000 after purchasing an additional 18,435 shares in the last quarter. Wellington Management Group LLP raised its holdings in PACCAR by 20.1% in the first quarter. Wellington Management Group LLP now owns 20,177,930 shares of the company's stock worth $1,964,725,000 after purchasing an additional 3,379,165 shares in the last quarter. Korea Investment CORP raised its holdings in PACCAR by 29.8% in the first quarter. Korea Investment CORP now owns 445,513 shares of the company's stock worth $43,380,000 after purchasing an additional 102,275 shares in the last quarter. Finally, Alpha Family Trust raised its holdings in PACCAR by 61.4% in the first quarter. Alpha Family Trust now owns 3,676 shares of the company's stock worth $358,000 after purchasing an additional 1,399 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors.

Insider Transactions at PACCAR

In other news, CFO Brice J. Poplawski sold 5,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $100.94, for a total value of $504,700.00. Following the completion of the sale, the chief financial officer directly owned 468 shares in the company, valued at $47,239.92. This represents a 91.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO R Preston Feight sold 39,965 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $99.52, for a total transaction of $3,977,316.80. Following the completion of the sale, the chief executive officer owned 223,190 shares of the company's stock, valued at $22,211,868.80. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.02% of the stock is owned by corporate insiders.

PACCAR Stock Performance

PCAR traded up $3.96 during midday trading on Friday, hitting $101.50. 3,345,420 shares of the company were exchanged, compared to its average volume of 2,405,367. The company's 50 day simple moving average is $96.87 and its 200 day simple moving average is $96.75. The firm has a market capitalization of $53.30 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 4.07 and a beta of 0.91. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.57. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.09. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $7.02 billion. PACCAR had a net margin of 9.88% and a return on equity of 18.25%. The company's revenue was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 earnings per share. As a group, sell-side analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 14th. PACCAR's dividend payout ratio is 22.60%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore ISI set a $114.00 target price on PACCAR and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Argus raised PACCAR from a "hold" rating to a "buy" rating and set a $121.00 target price on the stock in a research report on Monday, July 28th. Vertical Research raised PACCAR to a "strong-buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada lowered their price target on 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, Wall Street Zen raised PACCAR from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $107.68.

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.