PACCAR Inc (NASDAQ:PCAR) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 82.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,159 shares of the company's stock after buying an additional 12,711 shares during the period. Schonfeld Strategic Advisors LLC's holdings in PACCAR were worth $2,929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its position in shares of PACCAR by 221.8% in the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after acquiring an additional 193 shares in the last quarter. Golden State Wealth Management LLC bought a new position in PACCAR in the fourth quarter worth $37,000. Kestra Investment Management LLC purchased a new position in PACCAR during the fourth quarter valued at $37,000. OFI Invest Asset Management bought a new stake in shares of PACCAR during the 4th quarter valued at $43,000. Finally, Atala Financial Inc purchased a new stake in shares of PACCAR in the 4th quarter worth about $43,000. Institutional investors own 64.90% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on PCAR. Morgan Stanley cut shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective on the stock. in a report on Wednesday, April 16th. StockNews.com lowered PACCAR from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Royal Bank of Canada dropped their target price on PACCAR from $106.00 to $97.00 and set a "sector perform" rating on the stock in a report on Thursday. UBS Group downgraded PACCAR from a "neutral" rating to a "sell" rating and reduced their price target for the company from $108.00 to $78.00 in a report on Monday, April 7th. Finally, Melius Research set a $120.00 price target on shares of PACCAR in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PACCAR currently has a consensus rating of "Hold" and an average target price of $105.23.

Insider Buying and Selling

In related news, Director Pierre R. Breber bought 5,000 shares of the 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 completion of the acquisition, the director now directly owns 13,015 shares in the company, valued at approximately $1,168,486.70. This represents a 62.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Harrie Schippers sold 28,676 shares of PACCAR 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 transaction, the chief financial officer now owns 114,659 shares in the company, valued at $12,150,414.23. This trade represents a 20.01 % decrease in their position. The disclosure for this sale can be found here. 2.02% of the stock is owned by corporate insiders.

PACCAR Price Performance

Shares of NASDAQ PCAR traded up $2.83 during mid-day trading on Thursday, reaching $91.55. The company's stock had a trading volume of 3,401,643 shares, compared to its average volume of 2,758,790. The stock has a fifty day moving average of $94.94 and a two-hundred day moving average of $104.43. The firm has a market capitalization of $48.06 billion, a PE ratio of 11.57, a P/E/G ratio of 2.77 and a beta of 0.96. PACCAR Inc has a 52 week low of $84.65 and a 52 week high of $118.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39.

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

PACCAR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, May 14th. PACCAR's payout ratio is currently 20.00%.

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.