PACCAR Inc (NASDAQ:PCAR) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 39.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,141 shares of the company's stock after acquiring an additional 42,840 shares during the period. Quantinno Capital Management LP's holdings in PACCAR were worth $15,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Madrona Financial Services LLC boosted its holdings in PACCAR by 1.1% in the fourth quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock valued at $837,000 after purchasing an additional 91 shares during the last quarter. Global Financial Private Client LLC raised its holdings in shares of PACCAR by 1.0% during the fourth quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock valued at $1,011,000 after acquiring an additional 97 shares during the last quarter. PDS Planning Inc lifted its position in shares of PACCAR by 3.7% in the fourth quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after acquiring an additional 101 shares in the last quarter. Valley National Advisers Inc. lifted its position in shares of PACCAR by 0.6% in the fourth quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock valued at $1,982,000 after acquiring an additional 106 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of PACCAR by 14.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Buying and Selling

In other news, VP Michael K. Walton sold 6,000 shares of PACCAR stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total transaction of $636,780.00. Following the transaction, the vice president now directly owns 951 shares in the company, valued at approximately $100,929.63. This trade represents a 86.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Harrie Schippers sold 28,676 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $105.97, for a total value of $3,038,795.72. Following the sale, the chief financial officer now directly owns 114,659 shares of the company's stock, valued at approximately $12,150,414.23. This represents a 20.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of PACCAR from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $105.00 to $90.00 in a research report on Wednesday, April 30th. Truist Financial lowered their target price on PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada cut their target price on PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. Bank of America upgraded shares of PACCAR from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. Finally, Morgan Stanley cut shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target for the company. in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $105.23.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $96.26 on Wednesday. The company has a 50-day simple moving average of $94.10 and a 200-day simple moving average of $104.08. PACCAR Inc has a one year low of $84.65 and a one year high of $118.81. The stock has a market capitalization of $50.53 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 2.77 and a beta of 0.96. 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 announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. The firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.13 billion. During the same quarter in the previous year, the business earned $2.27 EPS. PACCAR's revenue for the quarter was down 16.0% on a year-over-year basis. On average, analysts predict that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.32 annualized dividend and a dividend yield of 1.37%. PACCAR's payout ratio is 20.00%.

About PACCAR

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.

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