PACCAR Inc (NASDAQ:PCAR) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its position in shares of PACCAR Inc (NASDAQ:PCAR) by 0.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 203,200 shares of the company’s stock after selling 200 shares during the period. Asset Management One Co. Ltd.’s holdings in PACCAR were worth $21,249,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of PACCAR by 2.6% in the 3rd quarter. Creative Planning now owns 74,672 shares of the company’s stock valued at $7,369,000 after purchasing an additional 1,920 shares in the last quarter. Global Retirement Partners LLC grew its holdings in PACCAR by 4.5% in the third quarter. Global Retirement Partners LLC now owns 5,573 shares of the company’s stock valued at $550,000 after purchasing an additional 241 shares during the period. Bleakley Financial Group LLC increased its position in shares of PACCAR by 1.3% in the third quarter. Bleakley Financial Group LLC now owns 8,721 shares of the company’s stock valued at $861,000 after buying an additional 109 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of PACCAR by 1.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 69,491 shares of the company’s stock worth $6,857,000 after buying an additional 1,322 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in shares of PACCAR by 66.9% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,350 shares of the company’s stock valued at $331,000 after buying an additional 1,343 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Trading Up 0.7 %

Shares of PCAR stock opened at $105.96 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50. The company’s 50-day moving average price is $108.32 and its 200-day moving average price is $104.79. The stock has a market cap of $55.55 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 2.79 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results 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, equities analysts predict that PACCAR Inc will post 7.6 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a $3.00 dividend. The ex-dividend date was Friday, December 20th. This is an increase from PACCAR’s previous dividend of $0.89. PACCAR’s payout ratio is currently 15.17%.

Insider Activity

In other news, EVP Darrin C. Siver sold 103,671 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were 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 approximately $6,805,717.80. The trade was a 62.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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. Insiders have sold a total of 130,871 shares of company stock valued at $14,586,333 in the last quarter. Insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

PCAR has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Morgan Stanley reduced their price target on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $119.00 target price on shares of PACCAR in a research report on Monday, November 4th. Finally, Jefferies Financial Group lowered PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Friday, December 6th. Seven equities 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, PACCAR has an average rating of “Moderate Buy” and a consensus price target of $121.95.

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.