Nisa Investment Advisors LLC Has $23.71 Million Stock Position in PACCAR Inc (NASDAQ:PCAR)

Nisa Investment Advisors LLC grew its holdings in PACCAR Inc (NASDAQ:PCAR - Free Report) by 13.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 242,789 shares of the company's stock after buying an additional 28,702 shares during the period. Nisa Investment Advisors LLC's holdings in PACCAR were worth $23,708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of PACCAR during the third quarter worth about $26,000. AdvisorNet Financial Inc increased its stake in shares of PACCAR by 188.5% during the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company's stock worth $27,000 after acquiring an additional 181 shares during the period. ST Germain D J Co. Inc. increased its stake in shares of PACCAR by 61.9% during the third quarter. ST Germain D J Co. Inc. now owns 340 shares of the company's stock worth $29,000 after acquiring an additional 130 shares during the period. Arlington Trust Co LLC acquired a new position in shares of PACCAR during the third quarter worth about $30,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of PACCAR during the first quarter worth about $33,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Evercore ISI upped their target price on shares of PACCAR from $94.00 to $101.00 and gave the stock an "in-line" rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. upped their target price on shares of PACCAR from $116.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 5th. Bank of America upgraded shares of PACCAR from an "underperform" rating to a "neutral" rating and increased their price target for the company from $84.00 to $97.00 in a research report on Friday, January 19th. TD Cowen increased their price target on shares of PACCAR from $91.00 to $108.00 and gave the company a "market perform" rating in a research report on Wednesday, January 24th. Finally, Morgan Stanley assumed coverage on shares of PACCAR in a research report on Monday, January 8th. They issued an "overweight" rating and a $125.00 price target on the stock. Eight equities research 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, PACCAR has an average rating of "Moderate Buy" and an average target price of $109.39.

PACCAR Trading Up 0.2 %

Shares of PCAR traded up $0.30 on Monday, hitting $122.51. 1,837,680 shares of the stock traded hands, compared to its average volume of 2,302,453. 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 firm has a market capitalization of $64.20 billion, a P/E ratio of 13.97, a P/E/G ratio of 1.85 and a beta of 0.92. PACCAR Inc has a 1 year low of $68.10 and a 1 year high of $125.50. The stock's 50 day moving average is $113.59 and its two-hundred day moving average is $99.05.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share for the quarter, topping analysts' consensus estimates of $2.25 by $0.45. The company had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.48 billion. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. PACCAR's revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 earnings per share. As a group, sell-side analysts predict that PACCAR Inc will post 8.16 earnings per share for the current year.

PACCAR Announces Dividend

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

Insiders Place Their Bets

In other PACCAR news, CFO Harrie Schippers sold 32,797 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the transaction, the chief financial officer now owns 103,547 shares of the company's stock, valued at $10,984,265.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Todd R. Hubbard sold 4,829 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $102.12, for a total value of $493,137.48. Following the completion of the sale, the vice president now owns 5,726 shares of the company's stock, valued at $584,739.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Harrie Schippers sold 32,797 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the transaction, the chief financial officer now directly owns 103,547 shares of the company's stock, valued at $10,984,265.76. The disclosure for this sale can be found here. Insiders have sold a total of 153,496 shares of company stock valued at $15,834,812 over the last quarter. Company 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.