PACCAR Inc (NASDAQ:PCAR) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 400,778 shares of the company's stock after purchasing an additional 25,493 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of PACCAR worth $41,689,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its position 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 during the period. Golden State Wealth Management LLC bought a new position in shares of PACCAR during the fourth quarter valued at approximately $37,000. Kestra Investment Management LLC acquired a new stake in PACCAR in the fourth quarter valued at approximately $37,000. OFI Invest Asset Management acquired a new stake in PACCAR in the fourth quarter valued at approximately $43,000. Finally, Atala Financial Inc acquired a new stake in PACCAR in the fourth quarter valued at approximately $43,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on PCAR shares. Royal Bank of Canada reduced their target price on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Evercore ISI cut their target price on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. StockNews.com raised shares of PACCAR from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Truist Financial decreased their target price on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $105.23.

PACCAR Trading Up 0.8%

Shares of PCAR stock traded up $0.74 during trading hours on Friday, hitting $96.71. The company had a trading volume of 2,436,378 shares, compared to its average volume of 2,776,311. PACCAR Inc has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The company's fifty day moving average is $93.34 and its 200 day moving average is $103.87. The stock has a market capitalization of $50.77 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its earnings results 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 23.53% and a net margin of 12.36%. The business had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $7.13 billion. During the same period in the previous year, the company earned $2.27 earnings per share. PACCAR's quarterly revenue was down 16.0% on a year-over-year basis. Research analysts expect that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

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 given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Wednesday, May 14th. PACCAR's dividend payout ratio is presently 20.00%.

Insider Buying and Selling at PACCAR

In related news, Director Pierre R. Breber bought 5,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 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 document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael K. Walton sold 6,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total transaction of $636,780.00. Following the transaction, the vice president now directly owns 951 shares in the company, valued at $100,929.63. The trade was a 86.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.02% of the company's stock.

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.