Capital International Investors Has $625.56 Million Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Capital International Investors boosted its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 0.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,013,883 shares of the company’s stock after buying an additional 1,689 shares during the period. Capital International Investors’ holdings in PACCAR were worth $625,564,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Meeder Asset Management Inc. boosted its stake in PACCAR by 221.8% in the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company’s stock worth $29,000 after purchasing an additional 193 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of PACCAR during the fourth quarter worth about $37,000. Kestra Investment Management LLC acquired a new position in shares of PACCAR during the fourth quarter worth about $37,000. OFI Invest Asset Management acquired a new stake in PACCAR in the 4th quarter valued at approximately $43,000. Finally, Atala Financial Inc acquired a new stake in PACCAR in the 4th quarter valued at approximately $43,000. Institutional investors own 64.90% of the company’s stock.

Insider Buying and Selling

In related news, VP Michael K. Walton sold 6,000 shares of PACCAR 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. This trade represents a 86.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO R Preston Feight sold 25,200 shares of the company’s 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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

NASDAQ:PCAR opened at $88.17 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. The firm has a market cap of $46.28 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 2.77 and a beta of 0.96. PACCAR Inc has a 52 week low of $85.10 and a 52 week high of $118.81. The firm’s 50-day simple moving average is $99.09 and its 200 day simple moving average is $105.76.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results 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 net margin of 12.36% and a return on equity of 23.53%. As a group, sell-side analysts predict that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.33 per share. This is a positive change from PACCAR’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Wednesday, February 12th. PACCAR’s dividend payout ratio is 16.69%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PCAR. Truist Financial decreased their price target on shares of PACCAR from $113.00 to $104.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Melius Research set a $120.00 price target on PACCAR in a research report on Tuesday, March 18th. Evercore ISI cut their price objective on PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. UBS Group lowered shares of PACCAR from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $108.00 to $78.00 in a research report on Monday, April 7th. Finally, Morgan Stanley downgraded shares of PACCAR from an “overweight” rating to an “equal weight” rating and set a $96.00 price objective for the company. in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $108.59.

PACCAR 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.