Vontobel Holding Ltd. Cuts Stock Position in PACCAR Inc. (NASDAQ:PCAR)

Vontobel Holding Ltd. lessened its holdings in PACCAR Inc. (NASDAQ:PCAR - Free Report) by 92.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,951 shares of the company's stock after selling 101,517 shares during the period. Vontobel Holding Ltd.'s holdings in PACCAR were worth $774,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. PDS Planning Inc raised its stake in shares of PACCAR by 3.7% in the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after acquiring an additional 101 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of PACCAR by 14.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock valued at $88,000 after acquiring an additional 107 shares during the period. Claris Advisors LLC MO grew its holdings in PACCAR by 1.5% during the 4th quarter. Claris Advisors LLC MO now owns 7,209 shares of the company's stock valued at $750,000 after purchasing an additional 108 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in PACCAR by 33.1% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 466 shares of the company's stock valued at $45,000 after purchasing an additional 116 shares in the last quarter. Finally, RMR Wealth Builders grew its holdings in PACCAR by 1.4% during the 1st quarter. RMR Wealth Builders now owns 8,713 shares of the company's stock valued at $848,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

Insider Activity at PACCAR

In other PACCAR news, Director Pierre R. Breber purchased 5,000 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $89.78 per share, with a total value of $448,900.00. Following the acquisition, the director owned 13,015 shares of the company's stock, valued at approximately $1,168,486.70. This represents a 62.38% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.02% of the company's stock.

PACCAR Price Performance

Shares of PCAR stock opened at $97.28 on Friday. The firm has a market cap of $51.07 billion, a P/E ratio of 14.74, a P/E/G ratio of 3.61 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.35 and a quick ratio of 2.19. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $118.81. The firm has a fifty day moving average of $93.45 and a two-hundred day moving average of $99.13.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.12). PACCAR had a return on equity of 20.79% and a net margin of 10.73%. The company had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same period in the prior year, the business earned $2.27 earnings per share. PACCAR's revenue was down 16.0% on a year-over-year basis. As a group, research analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Wednesday, May 14th. PACCAR's dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PCAR shares. Evercore ISI lowered their price target on shares of PACCAR from $127.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Melius Research set a $120.00 price target on shares of PACCAR in a report on Tuesday, March 18th. UBS Group lowered shares of PACCAR from a "neutral" rating to a "sell" rating and lowered their price target for the company from $108.00 to $78.00 in a report on Monday, April 7th. JPMorgan Chase & Co. lowered shares of PACCAR from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $105.00 to $90.00 in a report on Wednesday, April 30th. Finally, Wall Street Zen raised shares of PACCAR from a "sell" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, PACCAR has a consensus rating of "Hold" and an average target price of $104.59.

About PACCAR

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.

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