Natixis Acquires New Position in PACCAR Inc (NASDAQ:PCAR)

Natixis purchased a new stake in PACCAR Inc (NASDAQ:PCAR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 86,075 shares of the company's stock, valued at approximately $8,954,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PCAR. Norinchukin Bank The increased its holdings in PACCAR by 11.2% in the fourth quarter. Norinchukin Bank The now owns 29,907 shares of the company's stock valued at $3,111,000 after buying an additional 3,015 shares in the last quarter. Capital International Inc. CA increased its stake in shares of PACCAR by 43.3% in the 4th quarter. Capital International Inc. CA now owns 69,024 shares of the company's stock valued at $7,180,000 after purchasing an additional 20,860 shares in the last quarter. Capital Research Global Investors raised its holdings in PACCAR by 21.6% in the 4th quarter. Capital Research Global Investors now owns 3,011,888 shares of the company's stock worth $313,297,000 after purchasing an additional 534,609 shares during the period. Dimensional Fund Advisors LP boosted its position in PACCAR by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,006,859 shares of the company's stock worth $624,836,000 after purchasing an additional 313,292 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in PACCAR by 20.8% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,871,934 shares of the company's stock valued at $194,719,000 after purchasing an additional 322,217 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PACCAR

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the transaction, the vice president now directly owns 5,463 shares in the company, valued at $612,129.15. This represents a 26.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael K. Walton sold 6,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total value of $636,780.00. Following the transaction, the vice president now owns 951 shares of the company's stock, valued at approximately $100,929.63. This represents a 86.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 165,547 shares of company stock worth $18,261,908 over the last quarter. 2.02% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on PCAR. JPMorgan Chase & Co. cut their price target on shares of PACCAR from $121.00 to $105.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Evercore ISI reduced their price target on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Melius upgraded PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Melius Research set a $120.00 target price on PACCAR in a report on Tuesday, March 18th. Finally, Morgan Stanley lowered PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target on the stock. in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PACCAR currently has a consensus rating of "Hold" and an average price target of $108.59.

PACCAR Trading Down 0.9 %

Shares of PCAR stock traded down $0.79 on Friday, hitting $91.89. 2,869,209 shares of the stock traded hands, compared to its average volume of 2,750,770. PACCAR Inc has a twelve month low of $85.05 and a twelve month high of $118.81. The stock has a market capitalization of $48.24 billion, a PE ratio of 11.62, a PEG ratio of 2.77 and a beta of 0.96. The firm's 50-day moving average price is $97.55 and its two-hundred day moving average price is $105.35. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. As a group, analysts anticipate that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.33 per share. This is a boost from PACCAR's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.32 annualized dividend and a yield of 1.44%. PACCAR's dividend payout ratio (DPR) is 16.69%.

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.