Nissay Asset Management Corp Japan ADV Has $12.41 Million Stock Position in PACCAR Inc (NASDAQ:PCAR)

Nissay Asset Management Corp Japan ADV lifted its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 118,660 shares of the company's stock after purchasing an additional 3,964 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in PACCAR were worth $12,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PCAR. Wellington Management Group LLP grew its position in shares of PACCAR by 25.0% during the fourth quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company's stock worth $1,747,408,000 after acquiring an additional 3,364,650 shares during the last quarter. Geode Capital Management LLC raised its stake in PACCAR by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 12,242,288 shares of the company's stock valued at $1,275,269,000 after acquiring an additional 362,637 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of PACCAR by 5.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,767,134 shares of the company's stock valued at $1,119,997,000 after purchasing an additional 572,231 shares in the last quarter. FMR LLC grew its position in PACCAR by 1.9% in the 4th quarter. FMR LLC now owns 8,791,660 shares of the company's stock valued at $914,509,000 after buying an additional 167,165 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of PACCAR by 8.5% during the 4th quarter. Northern Trust Corp now owns 7,202,358 shares of the company's stock worth $749,189,000 after buying an additional 565,967 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

PACCAR Price Performance

NASDAQ:PCAR traded up $0.27 during mid-day trading on Monday, hitting $96.98. The company's stock had a trading volume of 1,459,012 shares, compared to its average volume of 2,778,157. The company has a market capitalization of $50.91 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 2.77 and a beta of 0.96. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. PACCAR Inc has a fifty-two week low of $84.65 and a fifty-two week high of $118.81. The stock has a fifty day moving average of $93.34 and a 200-day moving average of $103.86.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). The firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.13 billion. PACCAR had a net margin of 12.36% and a return on equity of 23.53%. PACCAR's quarterly revenue was down 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 earnings per share. As a group, equities analysts forecast that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.36%. PACCAR's payout ratio is presently 20.00%.

Insider Activity

In other PACCAR news, Director Pierre R. Breber bought 5,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was bought at an average price of $89.78 per share, for a total transaction of $448,900.00. Following the transaction, the director now owns 13,015 shares of the company's stock, valued at approximately $1,168,486.70. The trade was a 62.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Harrie Schippers sold 28,676 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $105.97, for a total value of $3,038,795.72. Following the completion of the sale, the chief financial officer now owns 114,659 shares of the company's stock, valued at $12,150,414.23. This represents a 20.01% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

PCAR has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their price objective on shares of PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. UBS Group cut shares of PACCAR from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $108.00 to $78.00 in a report on Monday, April 7th. Melius raised PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Evercore ISI reduced their target price on PACCAR from $127.00 to $115.00 and set an "outperform" rating for the company in a report on Monday. Finally, Morgan Stanley cut 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, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $104.14.

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.