Susquehanna Fundamental Investments LLC Purchases Shares of 313,812 PACCAR Inc (NASDAQ:PCAR)

Susquehanna Fundamental Investments LLC bought a new position in PACCAR Inc (NASDAQ:PCAR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 313,812 shares of the company's stock, valued at approximately $32,643,000. PACCAR comprises approximately 0.5% of Susquehanna Fundamental Investments LLC's investment portfolio, making the stock its 29th biggest position. Susquehanna Fundamental Investments LLC owned 0.06% of PACCAR at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PCAR. Meeder Asset Management Inc. grew its position in shares of PACCAR by 221.8% during the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after purchasing an additional 193 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of PACCAR in the 4th quarter valued at approximately $37,000. Kestra Investment Management LLC bought a new stake in shares of PACCAR in the 4th quarter valued at approximately $37,000. OFI Invest Asset Management bought a new stake in shares of PACCAR in the 4th quarter valued at approximately $43,000. Finally, Atala Financial Inc bought a new stake in shares of PACCAR in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 64.90% of the company's stock.

PACCAR Trading Down 0.1 %

Shares of PCAR stock traded down $0.13 on Thursday, hitting $90.08. 1,070,683 shares of the stock traded hands, compared to its average volume of 2,754,041. The firm's 50-day moving average price is $96.64 and its two-hundred day moving average price is $105.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. The stock has a market capitalization of $47.29 billion, a PE ratio of 11.39, a PEG ratio of 2.77 and a beta of 0.96. PACCAR Inc has a twelve month low of $84.65 and a twelve month high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.12). The firm had revenue of $6.91 billion for 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%. The company's revenue was down 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 EPS. As a group, analysts anticipate that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders 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 dividend yield of 1.47%. The ex-dividend date is Wednesday, May 14th. PACCAR's dividend payout ratio (DPR) is 16.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PCAR shares. Citigroup decreased their price target on PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley downgraded 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. JPMorgan Chase & Co. lowered shares of PACCAR from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $105.00 to $90.00 in a research report on Wednesday. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Melius Research set a $120.00 price target on shares of PACCAR in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $107.23.

Insider Transactions at PACCAR

In related news, EVP Darrin C. Siver sold 103,671 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the transaction, the executive vice president now owns 61,005 shares of the company's stock, valued at approximately $6,805,717.80. This trade represents a 62.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO R Preston Feight sold 25,200 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the transaction, the chief executive officer now directly owns 206,129 shares of the company's stock, valued at $22,876,196.42. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,547 shares of company stock worth $18,261,908. 2.02% of the stock is currently owned by insiders.

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.