International Assets Investment Management LLC Has $36.73 Million Stake in PACCAR Inc (NASDAQ:PCAR)

International Assets Investment Management LLC boosted its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 8,388.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 376,132 shares of the company's stock after purchasing an additional 371,701 shares during the quarter. International Assets Investment Management LLC owned about 0.07% of PACCAR worth $36,729,000 at the end of the most recent quarter.

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

PACCAR Price Performance

NASDAQ:PCAR traded down $3.33 on Tuesday, reaching $119.18. The stock had a trading volume of 2,460,926 shares, compared to its average volume of 2,304,796. The company has a market capitalization of $62.45 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92. The company has a quick ratio of 2.21, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. PACCAR Inc has a 1-year low of $68.10 and a 1-year high of $125.50. The stock has a fifty day moving average price of $113.59 and a 200-day moving average price of $99.05.

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

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Wednesday, February 14th. PACCAR's dividend payout ratio is currently 12.31%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PCAR shares. Bank of America raised PACCAR from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $84.00 to $97.00 in a research report on Friday, January 19th. JPMorgan Chase & Co. boosted their price objective on PACCAR from $116.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, March 5th. Morgan Stanley began coverage on PACCAR in a research note on Monday, January 8th. They issued an "overweight" rating and a $125.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of PACCAR from $93.00 to $106.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 24th. Finally, Truist Financial began coverage on shares of PACCAR in a research note on Thursday, March 14th. They issued a "hold" rating and a $117.00 price objective for the company. 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $109.39.

Insider Buying and Selling at PACCAR

In other news, Chairman Mark C. Pigott sold 74,347 shares of the company's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $101.93, for a total transaction of $7,578,189.71. Following the transaction, the chairman now directly owns 4,843,277 shares in the company, valued at $493,675,224.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other PACCAR news, Chairman Mark C. Pigott sold 74,347 shares of the company's stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $101.93, for a total transaction of $7,578,189.71. Following the transaction, the chairman now directly owns 4,843,277 shares in the company, valued at approximately $493,675,224.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO R Preston Feight sold 27,320 shares of the company's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.17, for a total transaction of $2,818,604.40. Following the sale, the chief executive officer now owns 145,495 shares of the company's stock, valued at approximately $15,010,719.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,496 shares of company stock worth $15,834,812. 2.02% of the stock is currently 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.