PACCAR Inc (NASDAQ:PCAR) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC grew its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 41.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,210 shares of the company's stock after buying an additional 46,616 shares during the period. Voya Investment Management LLC's holdings in PACCAR were worth $16,457,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PCAR. Evercore ISI reduced their price objective on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Citigroup dropped their target price on PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lowered 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. UBS Group lowered shares of PACCAR from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $108.00 to $78.00 in a research note on Monday, April 7th. Finally, Bank of America upgraded shares of PACCAR from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, PACCAR has an average rating of "Hold" and an average target price of $107.23.

Insider Activity at PACCAR

In related news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $112.05, for a total value of $224,100.00. Following the transaction, the vice president now owns 5,463 shares of the company's stock, valued at $612,129.15. This represents a 26.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R Preston Feight sold 25,200 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the completion of the sale, the chief executive officer now owns 206,129 shares of the company's stock, valued at approximately $22,876,196.42. This represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,547 shares of company stock valued at $18,261,908. Insiders own 2.02% of the company's stock.

PACCAR Stock Down 0.5 %

Shares of NASDAQ:PCAR traded down $0.43 on Thursday, hitting $89.78. 2,940,064 shares of the company traded hands, compared to its average volume of 2,761,244. The company has a market cap of $47.13 billion, a PE ratio of 11.35, a PEG ratio of 2.77 and a beta of 0.96. The stock has a 50 day simple moving average of $96.64 and a 200-day simple moving average of $105.06. PACCAR Inc has a 52 week low of $84.65 and a 52 week 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 issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 earnings per share 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 company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same quarter 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, research analysts expect that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors 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 dividend on an annualized basis and a dividend yield of 1.47%. PACCAR's dividend payout ratio is currently 16.69%.

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.