Strategic Investment Advisors MI Raises Position in PACCAR Inc (NASDAQ:PCAR)

Strategic Investment Advisors MI grew its stake in PACCAR Inc (NASDAQ:PCARFree Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,849 shares of the company’s stock after acquiring an additional 168 shares during the quarter. Strategic Investment Advisors MI’s holdings in PACCAR were worth $766,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PCAR. Sound Income Strategies LLC raised its position in PACCAR by 23.5% in the 4th quarter. Sound Income Strategies LLC now owns 787 shares of the company’s stock valued at $77,000 after purchasing an additional 150 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of PACCAR by 6.3% during the fourth quarter. Nordea Investment Management AB now owns 68,258 shares of the company’s stock valued at $6,656,000 after purchasing an additional 4,029 shares during the period. Jackson Square Capital LLC grew its position in shares of PACCAR by 1.3% during the fourth quarter. Jackson Square Capital LLC now owns 30,330 shares of the company’s stock worth $2,962,000 after buying an additional 394 shares in the last quarter. Wedmont Private Capital lifted its holdings in PACCAR by 9.4% during the 4th quarter. Wedmont Private Capital now owns 7,521 shares of the company’s stock worth $720,000 after buying an additional 647 shares during the last quarter. Finally, RAM Investment Partners LLC grew its position in shares of PACCAR by 49.9% during the 4th quarter. RAM Investment Partners LLC now owns 14,064 shares of the company’s stock valued at $1,373,000 after buying an additional 4,679 shares during the last quarter. Institutional investors and hedge funds own 65.68% of the company’s stock.

Insider Buying and Selling at PACCAR

In other PACCAR news, CEO R Preston Feight sold 27,320 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.17, for a total transaction of $2,818,604.40. Following the sale, the chief executive officer now owns 145,495 shares of the company’s stock, valued at approximately $15,010,719.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO R Preston Feight sold 27,320 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.17, for a total transaction of $2,818,604.40. Following the sale, the chief executive officer now directly owns 145,495 shares of the company’s stock, valued at $15,010,719.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark C. Pigott sold 74,347 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $101.93, for a total value of $7,578,189.71. Following the completion of the transaction, the chairman now directly owns 4,843,277 shares of the company’s stock, valued at approximately $493,675,224.61. The disclosure for this sale can be found here. Insiders have sold 153,496 shares of company stock valued at $15,834,812 in the last quarter. 2.06% of the stock is owned by insiders.

Analysts Set New Price Targets

PCAR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on PACCAR from $116.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. UBS Group raised shares of PACCAR from a “neutral” rating to a “buy” rating and increased their price target for the company from $104.00 to $136.00 in a report on Friday. TD Cowen raised their price target on shares of PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group upped their target price on shares of PACCAR from $93.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Evercore ISI increased their target price on shares of PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.35.

Check Out Our Latest Report on PCAR

PACCAR Price Performance

Shares of NASDAQ PCAR opened at $120.34 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 2.40. The company has a 50 day simple moving average of $105.92 and a two-hundred day simple moving average of $95.00. PACCAR Inc has a fifty-two week low of $67.48 and a fifty-two week high of $120.43. The company has a market capitalization of $63.04 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 1.85 and a beta of 0.91.

PACCAR (NASDAQ:PCARGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.45. The firm had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.48 billion. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share. Analysts expect that PACCAR Inc will post 8.13 EPS for the current fiscal year.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Wednesday, February 14th. PACCAR’s dividend payout ratio (DPR) is currently 12.31%.

PACCAR Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PCAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PACCAR Inc (NASDAQ:PCARFree Report).

Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

Receive News & Ratings for PACCAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PACCAR and related companies with MarketBeat.com's FREE daily email newsletter.