Clarius Group LLC Purchases 349,727 Shares of PACCAR Inc (NASDAQ:PCAR)

Clarius Group LLC grew its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 52.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,012,755 shares of the company's stock after purchasing an additional 349,727 shares during the quarter. PACCAR makes up approximately 8.2% of Clarius Group LLC's holdings, making the stock its 2nd biggest position. Clarius Group LLC owned about 0.19% of PACCAR worth $98,896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PCAR. OFI Invest Asset Management purchased a new stake in shares of PACCAR during the 3rd quarter valued at about $26,000. AdvisorNet Financial Inc grew its stake in shares of PACCAR by 188.5% during the 4th quarter. AdvisorNet Financial Inc now owns 277 shares of the company's stock valued at $27,000 after acquiring an additional 181 shares during the period. ST Germain D J Co. Inc. grew its stake in shares of PACCAR by 61.9% during the 3rd quarter. ST Germain D J Co. Inc. now owns 340 shares of the company's stock valued at $29,000 after acquiring an additional 130 shares during the period. Arlington Trust Co LLC bought a new position in shares of PACCAR during the 3rd quarter valued at approximately $30,000. Finally, Achmea Investment Management B.V. bought a new position in shares of PACCAR during the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 64.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PCAR. The Goldman Sachs Group boosted their price objective on PACCAR from $93.00 to $106.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th. Morgan Stanley began coverage on PACCAR in a research note on Monday, January 8th. They set an "overweight" rating and a $125.00 price objective for the company. Evercore ISI boosted their price objective on PACCAR from $94.00 to $101.00 and gave the company an "in-line" rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. upped their price target on PACCAR from $116.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 5th. Finally, Royal Bank of Canada initiated coverage on PACCAR in a research note on Tuesday, March 26th. They issued a "sector perform" rating and a $123.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $109.39.

PACCAR Price Performance

Shares of NASDAQ PCAR traded down $0.72 during midday trading on Friday, reaching $118.16. 1,976,023 shares of the stock traded hands, compared to its average volume of 2,289,475. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.40 and a quick ratio of 2.21. The stock has a market capitalization of $61.92 billion, a PE ratio of 13.47, a P/E/G ratio of 1.80 and a beta of 0.92. PACCAR Inc has a one year low of $68.40 and a one year high of $125.50. The company's 50 day moving average is $114.94 and its 200 day moving average is $99.79.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 EPS. On average, equities research analysts anticipate 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. Investors of record on Thursday, February 15th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 annualized dividend and a yield of 0.91%. PACCAR's payout ratio is presently 12.31%.

Insider Activity at PACCAR

In related news, VP Todd R. Hubbard sold 4,829 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $102.12, for a total transaction of $493,137.48. Following the sale, the vice president now owns 5,726 shares in the company, valued at approximately $584,739.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other PACCAR news, CEO R Preston Feight sold 27,320 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.17, for a total value of $2,818,604.40. Following the sale, the chief executive officer now owns 145,495 shares in the company, valued at $15,010,719.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Todd R. Hubbard sold 4,829 shares of the stock in a transaction on Thursday, February 1st. The stock was 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 in the company, valued at approximately $584,739.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,496 shares of company stock worth $15,834,812. Company insiders own 2.02% of the company's stock.

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.