National Bank of Canada FI Increases Position in PACCAR Inc (NASDAQ:PCAR)

National Bank of Canada FI grew its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 103.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 576,749 shares of the company's stock after acquiring an additional 293,282 shares during the quarter. National Bank of Canada FI owned about 0.11% of PACCAR worth $55,818,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new stake in PACCAR during the 3rd quarter worth approximately $26,000. AdvisorNet Financial Inc increased its position 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 last quarter. NBC Securities Inc. acquired a new stake in shares of PACCAR during the third quarter worth approximately $34,000. Bruce G. Allen Investments LLC bought a new position in shares of PACCAR during the fourth quarter worth about $37,000. Finally, ORG Partners LLC grew its stake in PACCAR by 6,200.0% in the fourth quarter. ORG Partners LLC now owns 378 shares of the company's stock worth $37,000 after purchasing an additional 372 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

Insiders Place Their Bets

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the firm's 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 owns 5,726 shares of the company's stock, valued at approximately $607,814.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other PACCAR news, CFO Harrie Schippers sold 32,797 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.08, for a total value of $3,479,105.76. Following the sale, the chief financial officer now owns 103,547 shares of the company's stock, valued at approximately $10,984,265.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Todd R. Hubbard sold 2,000 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the transaction, the vice president now directly owns 5,726 shares of the company's stock, valued at $607,814.90. The disclosure for this sale can be found here. Company insiders own 2.02% of the company's stock.

PACCAR Stock Down 1.6 %

Shares of NASDAQ PCAR traded down $1.67 during mid-day trading on Friday, reaching $104.79. 3,899,161 shares of the company traded hands, compared to its average volume of 2,813,976. The company's fifty day moving average is $116.42 and its two-hundred day moving average is $102.78. PACCAR Inc has a fifty-two week low of $68.40 and a fifty-two week high of $125.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 1.69. The stock has a market cap of $54.91 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The company had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter last year, the company posted $2.25 earnings per share. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts expect that PACCAR Inc will post 8.26 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.15%. The ex-dividend date is Tuesday, May 14th. This is an increase from PACCAR's previous quarterly dividend of $0.27. PACCAR's dividend payout ratio (DPR) is 11.20%.

Wall Street Analysts Forecast Growth

PCAR has been the topic of a number of research analyst reports. Evercore ISI increased their target price on PACCAR from $94.00 to $101.00 and gave the stock an "in-line" rating in a report on Tuesday, February 20th. UBS Group upgraded shares of PACCAR from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $104.00 to $136.00 in a research note on Friday, March 15th. TD Cowen boosted their price objective on PACCAR from $91.00 to $108.00 and gave the company a "market perform" rating in a research report on Wednesday, January 24th. Royal Bank of Canada assumed 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 for the company. Finally, Truist Financial restated a "hold" rating and issued a $121.00 price target (up previously from $117.00) on shares of PACCAR in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $112.62.

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.