ASR Vermogensbeheer N.V. Has $9.36 Million Stake in PACCAR Inc. $PCAR

ASR Vermogensbeheer N.V. lessened its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 0.4% in the second quarter, HoldingsChannel.com reports. The firm owned 98,492 shares of the company’s stock after selling 413 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in PACCAR were worth $9,362,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PCAR. Brighton Jones LLC lifted its holdings in PACCAR by 0.3% in the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after buying an additional 290 shares during the period. Merit Financial Group LLC raised its position in shares of PACCAR by 28.2% in the 1st quarter. Merit Financial Group LLC now owns 10,370 shares of the company’s stock worth $1,010,000 after acquiring an additional 2,281 shares in the last quarter. Matrix Trust Co lifted its stake in shares of PACCAR by 43.2% in the 1st quarter. Matrix Trust Co now owns 2,381 shares of the company’s stock valued at $232,000 after purchasing an additional 718 shares during the period. Vest Financial LLC boosted its position in shares of PACCAR by 14.6% during the 1st quarter. Vest Financial LLC now owns 353,498 shares of the company’s stock valued at $34,420,000 after purchasing an additional 45,142 shares in the last quarter. Finally, Curat Global LLC acquired a new stake in PACCAR during the first quarter worth approximately $214,000. 64.90% of the stock is owned by institutional investors.

Insider Buying and Selling at PACCAR

In related news, CEO R Preston Feight sold 39,965 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $99.52, for a total value of $3,977,316.80. Following the completion of the sale, the chief executive officer directly owned 223,190 shares of the company’s stock, valued at approximately $22,211,868.80. This represents a 15.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brice J. Poplawski sold 5,000 shares of the firm’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $100.94, for a total value of $504,700.00. Following the transaction, the chief financial officer owned 468 shares in the company, valued at approximately $47,239.92. This trade represents a 91.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.02% of the company’s stock.

PACCAR Stock Up 1.4%

PACCAR stock opened at $99.08 on Friday. The firm has a market capitalization of $52.03 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 3.97 and a beta of 0.94. The firm’s fifty day moving average price is $99.10 and its two-hundred day moving average price is $95.66. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $118.81. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.57.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, July 22nd. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.28 by $0.09. PACCAR had a net margin of 9.88% and a return on equity of 18.25%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $7.02 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, equities research analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.32 annualized dividend and a dividend yield of 1.3%. PACCAR’s payout ratio is presently 22.60%.

Analysts Set New Price Targets

Several equities analysts have issued reports on PCAR shares. JPMorgan Chase & Co. boosted their price target on PACCAR from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Vertical Research upgraded shares of PACCAR to a “strong-buy” rating in a research report on Wednesday, July 23rd. Truist Financial cut their target price on shares of PACCAR from $102.00 to $98.00 and set a “hold” rating on the stock in a research note on Wednesday, July 23rd. Argus raised shares of PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Monday, July 28th. Finally, Wall Street Zen upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, PACCAR presently has an average rating of “Moderate Buy” and an average price target of $107.68.

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.