Mirabella Financial Services LLP Makes New Investment in PACCAR Inc (NASDAQ:PCAR)

Mirabella Financial Services LLP bought a new stake in PACCAR Inc (NASDAQ:PCAR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 20,707 shares of the company's stock, valued at approximately $2,152,000.

Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. lifted its stake in PACCAR by 221.8% in 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 in the last quarter. Golden State Wealth Management LLC acquired a new position in PACCAR during the fourth quarter worth $37,000. Kestra Investment Management LLC acquired a new position in shares of PACCAR in the fourth quarter valued at approximately $37,000. OFI Invest Asset Management acquired a new stake in shares of PACCAR in the fourth quarter valued at $43,000. Finally, Atala Financial Inc acquired a new stake in PACCAR in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 64.90% of the company's stock.

PACCAR Stock Performance

Shares of NASDAQ PCAR traded down $1.59 during midday trading on Friday, hitting $91.09. 901,890 shares of the company's stock were exchanged, compared to its average volume of 2,745,495. The stock's 50 day moving average price is $97.84 and its 200-day moving average price is $105.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The firm has a market cap of $47.82 billion, a P/E ratio of 11.50, a PEG ratio of 2.77 and a beta of 0.96. PACCAR Inc has a twelve month low of $85.05 and a twelve month high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts' consensus estimates of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. Equities research analysts anticipate that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a $0.33 dividend. This is a positive change from PACCAR's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.32 annualized dividend and a dividend yield of 1.45%. PACCAR's dividend payout ratio is 16.69%.

Wall Street Analysts Forecast Growth

PCAR has been the subject of a number of research analyst reports. Morgan Stanley cut PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price for the company. in a research report on Wednesday, April 16th. UBS Group lowered shares of PACCAR from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $108.00 to $78.00 in a report on Monday, April 7th. JPMorgan Chase & Co. lowered their price objective on PACCAR from $121.00 to $105.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Evercore ISI cut their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Finally, Melius Research set a $120.00 price target on shares of PACCAR in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $108.59.

Insider Activity at PACCAR

In other news, CFO Harrie Schippers sold 28,676 shares of PACCAR stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $105.97, for a total value of $3,038,795.72. Following the transaction, the chief financial officer now owns 114,659 shares of the company's stock, valued at $12,150,414.23. The trade was a 20.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO R Preston Feight sold 25,200 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the sale, the chief executive officer now owns 206,129 shares of the company's stock, valued at $22,876,196.42. The trade was a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 165,547 shares of company stock valued at $18,261,908 over the last 90 days. 2.02% of the stock is currently owned by corporate insiders.

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.