Stifel Financial Corp Has $21.24 Million Stake in PACCAR Inc (NASDAQ:PCAR)

Stifel Financial Corp decreased its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 204,143 shares of the company's stock after selling 7,718 shares during the quarter. Stifel Financial Corp's holdings in PACCAR were worth $21,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PCAR. Wellington Management Group LLP boosted its stake in shares of PACCAR by 25.0% in the fourth quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company's stock valued at $1,747,408,000 after purchasing an additional 3,364,650 shares during the period. Geode Capital Management LLC grew its position in shares of PACCAR by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 12,242,288 shares of the company's stock worth $1,275,269,000 after buying an additional 362,637 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of PACCAR by 5.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,767,134 shares of the company's stock worth $1,119,997,000 after buying an additional 572,231 shares during the last quarter. FMR LLC raised its holdings in PACCAR by 1.9% in the fourth quarter. FMR LLC now owns 8,791,660 shares of the company's stock valued at $914,509,000 after acquiring an additional 167,165 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in PACCAR by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,006,859 shares of the company's stock valued at $624,836,000 after acquiring an additional 313,292 shares during the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 transaction, the chief financial officer now directly owns 114,659 shares in the company, valued at $12,150,414.23. This trade represents a 20.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darrin C. Siver sold 103,671 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $111.56, for a total value of $11,565,536.76. Following the completion of the transaction, the executive vice president now directly owns 61,005 shares in the company, valued at $6,805,717.80. The trade was a 62.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,547 shares of company stock worth $18,261,908. 2.02% of the stock is owned by corporate insiders.

PACCAR Stock Up 0.1 %

Shares of NASDAQ:PCAR traded up $0.13 on Thursday, reaching $90.34. The company had a trading volume of 759,985 shares, compared to its average volume of 2,979,790. The stock has a market capitalization of $47.42 billion, a P/E ratio of 11.43, a P/E/G ratio of 2.77 and a beta of 0.96. The stock has a 50-day moving average price of $96.64 and a 200 day moving average price of $105.06. PACCAR Inc has a twelve month low of $84.65 and a twelve month high of $118.81. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.12). The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.13 billion. PACCAR had a return on equity of 23.53% and a net margin of 12.36%. PACCAR's quarterly revenue was down 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.27 EPS. On average, equities analysts expect that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, May 14th. PACCAR's dividend payout ratio is currently 16.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered PACCAR from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $105.00 to $90.00 in a report on Wednesday. Evercore ISI decreased their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. UBS Group downgraded shares of PACCAR from a "neutral" rating to a "sell" rating and cut their price target for the company from $108.00 to $78.00 in a report on Monday, April 7th. Bank of America raised PACCAR from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $116.00 to $121.50 in a research note on Tuesday, January 14th. Finally, Melius Research set a $120.00 target price on shares of PACCAR in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $107.23.

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.