UniSuper Management Pty Ltd Buys 5,838 Shares of PACCAR Inc (NASDAQ:PCAR)

UniSuper Management Pty Ltd boosted its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 17.6% in the fourth quarter, Holdings Channel reports. The firm owned 38,955 shares of the company’s stock after acquiring an additional 5,838 shares during the period. UniSuper Management Pty Ltd’s holdings in PACCAR were worth $4,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of PACCAR in the fourth quarter worth $37,000. Kestra Investment Management LLC bought a new position in PACCAR in the 4th quarter worth $37,000. OFI Invest Asset Management acquired a new position in PACCAR during the 4th quarter worth $43,000. Atala Financial Inc acquired a new position in PACCAR during the 4th quarter worth $43,000. Finally, Regents Gate Capital LLP bought a new stake in PACCAR during the fourth quarter valued at about $44,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

Shares of PCAR stock opened at $96.91 on Friday. The stock’s fifty day simple moving average is $105.19 and its 200 day simple moving average is $106.55. PACCAR Inc has a one year low of $90.04 and a one year high of $124.39. The firm has a market cap of $50.87 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 2.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39.

PACCAR (NASDAQ:PCAR) last posted its 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 return on equity of 23.53% and a net margin of 12.36%. On average, analysts expect that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on PCAR shares. Jefferies Financial Group cut PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Friday, December 6th. JPMorgan Chase & Co. cut their price target on PACCAR from $132.00 to $121.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Melius Research set a $120.00 price objective on shares of PACCAR in a research note on Tuesday, March 18th. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and upped their target price for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. Finally, Melius upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Eight 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.38.

Insider Transactions at PACCAR

In other PACCAR news, EVP Darrin C. Siver sold 103,671 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the sale, the executive vice president now owns 61,005 shares of the company’s stock, valued at $6,805,717.80. This represents a 62.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Harrie Schippers sold 28,676 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $105.97, for a total transaction of $3,038,795.72. Following the completion of the sale, the chief financial officer now owns 114,659 shares of the company’s stock, valued at $12,150,414.23. The trade was a 20.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,547 shares of company stock valued at $18,261,908 in the last three months. 2.02% of the stock is owned by corporate insiders.

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.