PACCAR Inc (NASDAQ:PCAR) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group trimmed its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 537,142 shares of the company’s stock after selling 35,733 shares during the quarter. Schroder Investment Management Group owned 0.10% of PACCAR worth $55,653,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PCAR. Golden State Wealth Management LLC purchased a new stake in shares of PACCAR during the fourth quarter worth approximately $37,000. Kestra Investment Management LLC purchased a new stake in shares of PACCAR in the 4th quarter valued at approximately $37,000. OFI Invest Asset Management acquired a new stake in shares of PACCAR in the 4th quarter valued at $43,000. Atala Financial Inc purchased a new stake in shares of PACCAR during the 4th quarter worth $43,000. Finally, Regents Gate Capital LLP acquired a new position in shares of PACCAR during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Insiders Place Their Bets

In related news, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction 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 legal filing with the SEC, which is available at this link. Also, CEO R Preston Feight sold 25,200 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $110.98, for a total value of $2,796,696.00. Following the completion of the transaction, the chief executive officer now 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 90 days, insiders have sold 165,547 shares of company stock worth $18,261,908. Company insiders own 2.02% of the company’s stock.

PACCAR Price Performance

Shares of PCAR opened at $97.37 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. PACCAR Inc has a fifty-two week low of $90.04 and a fifty-two week high of $124.39. The firm has a 50-day simple moving average of $104.93 and a 200-day simple moving average of $106.74. The company has a market capitalization of $51.11 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. On average, equities research analysts anticipate that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Wednesday, February 12th. This is a positive change from PACCAR’s previous quarterly dividend of $0.30. PACCAR’s payout ratio is currently 16.69%.

Wall Street Analyst Weigh In

PCAR has been the topic of a number of analyst reports. Melius Research set a $120.00 price target on PACCAR in a research note on Tuesday, March 18th. JPMorgan Chase & Co. cut their target price on PACCAR from $132.00 to $121.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Melius upgraded PACCAR from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Bank of America raised shares of 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 report on Tuesday, January 14th. Finally, Jefferies Financial Group cut shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a report on Friday, December 6th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.54.

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.