Mn Services Vermogensbeheer B.V. Boosts Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Mn Services Vermogensbeheer B.V. lifted its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 206,619 shares of the company’s stock after purchasing an additional 3,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in PACCAR were worth $21,493,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. abrdn plc increased its holdings in shares of PACCAR by 7.4% in the third quarter. abrdn plc now owns 247,516 shares of the company’s stock worth $24,283,000 after purchasing an additional 17,084 shares during the period. Integrated Advisors Network LLC grew its position in PACCAR by 478.8% during the third quarter. Integrated Advisors Network LLC now owns 13,313 shares of the company’s stock worth $1,314,000 after buying an additional 11,013 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in PACCAR by 9.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 17,423 shares of the company’s stock worth $1,719,000 after acquiring an additional 1,508 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of PACCAR by 3.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 11,619 shares of the company’s stock valued at $1,135,000 after acquiring an additional 386 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its position in shares of PACCAR by 10.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 20,326 shares of the company’s stock valued at $2,006,000 after acquiring an additional 1,967 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Darrin C. Siver sold 103,671 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $111.56, for a total value of $11,565,536.76. Following the sale, the executive vice president now directly owns 61,005 shares of the company’s stock, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michael K. Walton sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the transaction, the vice president now directly owns 951 shares of the company’s stock, valued at $100,929.63. The trade was a 86.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,547 shares of company stock valued at $18,261,908 in the last quarter. Insiders own 2.02% of the company’s stock.

PACCAR Trading Down 0.5 %

NASDAQ PCAR opened at $105.50 on Friday. The firm has a market cap of $55.37 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 2.77 and a beta of 0.92. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50. The stock has a 50-day moving average of $107.20 and a 200-day moving average of $105.53. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCAR) last announced 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 net margin of 12.36% and a return on equity of 23.53%. As a group, sell-side analysts forecast that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio is presently 16.69%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PCAR shares. Truist Financial raised their target price on shares of PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Citigroup lowered their price objective on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $119.00 price objective on shares of PACCAR in a report on Monday, November 4th. Jefferies Financial Group cut PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Friday, December 6th. Finally, Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, PACCAR has a consensus rating of “Moderate Buy” and an average target price of $121.77.

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.