PACCAR Inc (NASDAQ:PCAR) Holdings Lifted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 547,275 shares of the company's stock after buying an additional 34,341 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.10% of PACCAR worth $53,342,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in PACCAR by 2.0% during the first quarter. Vanguard Group Inc. now owns 36,485,080 shares of the company's stock worth $3,213,241,000 after purchasing an additional 698,784 shares during the period. State Street Corp increased its stake in PACCAR by 49.0% during the 1st quarter. State Street Corp now owns 21,345,321 shares of the company's stock worth $1,562,477,000 after buying an additional 7,020,923 shares during the period. Geode Capital Management LLC lifted its holdings in PACCAR by 53.3% during the 1st quarter. Geode Capital Management LLC now owns 11,742,555 shares of the company's stock worth $858,948,000 after buying an additional 4,082,677 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in PACCAR by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,587,576 shares of the company's stock valued at $730,116,000 after buying an additional 23,865 shares during the period. Finally, Northern Trust Corp boosted its position in PACCAR by 6.0% in the 3rd quarter. Northern Trust Corp now owns 5,540,803 shares of the company's stock valued at $471,079,000 after buying an additional 316,001 shares during the period. Institutional investors and hedge funds own 64.90% of the company's stock.

Analysts Set New Price Targets

PCAR has been the topic of several analyst reports. Morgan Stanley started coverage on PACCAR in a research note on Monday, January 8th. They issued an "overweight" rating and a $125.00 price objective on the stock. Royal Bank of Canada initiated coverage on shares of PACCAR in a research note on Tuesday, March 26th. They set a "sector perform" rating and a $123.00 target price on the stock. The Goldman Sachs Group increased their target price on PACCAR from $93.00 to $106.00 and gave the company a "neutral" rating in a report on Wednesday, January 24th. UBS Group raised PACCAR from a "neutral" rating to a "buy" rating and upped their price target for the company from $104.00 to $136.00 in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of PACCAR from $116.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, March 5th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $109.39.

PACCAR Stock Performance

PCAR traded up $1.68 on Friday, hitting $122.21. 1,391,631 shares of the company traded hands, compared to its average volume of 2,295,585. PACCAR Inc has a 12-month low of $68.00 and a 12-month high of $125.50. The company has a 50 day moving average of $113.17 and a 200-day moving average of $98.78. The company has a quick ratio of 2.21, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $64.04 billion, a PE ratio of 13.94, a PEG ratio of 1.85 and a beta of 0.92.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.25 by $0.45. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The business had revenue of $8.59 billion during the quarter, compared to analysts' expectations of $8.48 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The company's quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts anticipate that PACCAR Inc will post 8.16 earnings per share for the current year.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.88%. PACCAR's payout ratio is currently 12.31%.

Insider Buying and Selling at PACCAR

In related news, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.15, for a total value of $212,300.00. Following the sale, the vice president now directly owns 5,726 shares in the company, valued at $607,814.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other PACCAR news, VP Todd R. Hubbard sold 4,829 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $102.12, for a total transaction of $493,137.48. Following the transaction, the vice president now directly owns 5,726 shares in the company, valued at $584,739.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.15, for a total transaction of $212,300.00. Following the sale, the vice president now owns 5,726 shares of the company's stock, valued at $607,814.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,496 shares of company stock valued at $15,834,812. 2.02% of the stock is owned by corporate insiders.

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.