Van Lanschot Kempen Investment Management N.V. Has $3.95 Million Position in PACCAR Inc (NASDAQ:PCAR)

Van Lanschot Kempen Investment Management N.V. decreased its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 8.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 37,940 shares of the company's stock after selling 3,598 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in PACCAR were worth $3,947,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake in PACCAR by 221.8% in the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock valued at $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 $37,000. Kestra Investment Management LLC bought a new stake in shares of PACCAR in the 4th quarter valued at $37,000. OFI Invest Asset Management acquired a new stake in PACCAR during the 4th quarter worth $43,000. Finally, Atala Financial Inc bought a new position in PACCAR during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 64.90% of the company's stock.

PACCAR Stock Down 0.9 %

Shares of NASDAQ:PCAR traded down $0.79 during midday trading on Friday, hitting $91.89. The stock had a trading volume of 2,869,209 shares, compared to its average volume of 2,750,562. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The business's 50-day simple moving average is $97.55 and its 200-day simple moving average is $105.37. PACCAR Inc has a 12 month low of $85.05 and a 12 month high of $118.81. The company has a market cap of $48.24 billion, a P/E ratio of 11.62, a PEG ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. On average, sell-side analysts forecast that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.33 per share. This is an increase from PACCAR's previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, February 12th. PACCAR's payout ratio is currently 16.69%.

Insider Activity at PACCAR

In related news, VP Michael K. Walton sold 6,000 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total value of $636,780.00. Following the completion of the sale, the vice president now directly owns 951 shares in the company, valued at $100,929.63. The trade was a 86.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $112.05, for a total value of $224,100.00. Following the completion of the transaction, the vice president now directly owns 5,463 shares in the company, valued at approximately $612,129.15. This represents a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,547 shares of company stock worth $18,261,908. Company insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PCAR. Morgan Stanley lowered PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target on the stock. in a research report on Wednesday, April 16th. Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. UBS Group cut shares of 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. Melius Research set a $120.00 price objective on shares of PACCAR in a report on Tuesday, March 18th. Finally, Evercore ISI reduced their target price on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $108.59.

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.