Vident Advisory LLC Acquires 4,218 Shares of PACCAR Inc (NASDAQ:PCAR)

Vident Advisory LLC grew its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,178 shares of the company's stock after buying an additional 4,218 shares during the period. Vident Advisory LLC's holdings in PACCAR were worth $4,179,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. boosted its position in PACCAR by 8.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 85,719 shares of the company's stock worth $8,916,000 after purchasing an additional 6,494 shares during the period. LPL Financial LLC lifted its stake in shares of PACCAR by 6.1% in the fourth quarter. LPL Financial LLC now owns 212,405 shares of the company's stock worth $22,094,000 after buying an additional 12,143 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of PACCAR by 508.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 89,865 shares of the company's stock worth $9,348,000 after buying an additional 75,090 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of PACCAR by 15.8% during the 4th quarter. American Century Companies Inc. now owns 631,369 shares of the company's stock worth $65,675,000 after buying an additional 86,215 shares during the period. Finally, GHP Investment Advisors Inc. grew its stake in PACCAR by 7.7% in the 4th quarter. GHP Investment Advisors Inc. now owns 61,741 shares of the company's stock valued at $6,422,000 after buying an additional 4,390 shares during the last quarter. Institutional investors own 64.90% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Morgan Stanley downgraded PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target on the stock. in a research report on Wednesday, April 16th. Melius Research set a $120.00 price target on PACCAR in a research report on Tuesday, March 18th. Evercore ISI cut their price target on PACCAR from $127.00 to $115.00 and set an "outperform" rating for the company in a report on Monday. Truist Financial lowered their price objective on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Finally, Wall Street Zen raised shares of PACCAR from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $104.14.

PACCAR Price Performance

NASDAQ:PCAR traded down $1.09 during mid-day trading on Friday, hitting $93.24. The company's stock had a trading volume of 2,249,642 shares, compared to its average volume of 2,772,844. The company has a market capitalization of $48.95 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 2.77 and a beta of 0.96. 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 Inc has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The stock has a fifty day moving average of $92.96 and a 200-day moving average of $103.62.

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

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.32 annualized dividend and a yield of 1.42%. PACCAR's dividend payout ratio (DPR) is 20.00%.

PACCAR 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.