PACCAR Inc (NASDAQ:PCAR) Shares Acquired by Savant Capital LLC

Savant Capital LLC boosted its position in PACCAR Inc (NASDAQ:PCAR) by 55.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,864 shares of the company’s stock after purchasing an additional 3,524 shares during the period. Savant Capital LLC’s holdings in PACCAR were worth $963,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new position in shares of PACCAR in the 3rd quarter valued at about $33,668,000. International Assets Investment Management LLC boosted its stake in shares of PACCAR by 8,388.6% during the 4th quarter. International Assets Investment Management LLC now owns 376,132 shares of the company’s stock worth $36,729,000 after acquiring an additional 371,701 shares in the last quarter. Clarius Group LLC grew its holdings in shares of PACCAR by 52.7% in the 4th quarter. Clarius Group LLC now owns 1,012,755 shares of the company’s stock worth $98,896,000 after acquiring an additional 349,727 shares during the period. Invesco Ltd. increased its stake in PACCAR by 9.9% in the 3rd quarter. Invesco Ltd. now owns 3,645,267 shares of the company’s stock valued at $309,921,000 after purchasing an additional 328,347 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in PACCAR by 6.0% during the third quarter. Northern Trust Corp now owns 5,540,803 shares of the company’s stock worth $471,079,000 after purchasing an additional 316,001 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Insider Transactions at PACCAR

In related news, CFO Harrie Schippers sold 32,797 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the transaction, the chief financial officer now directly owns 103,547 shares of the company’s stock, valued at approximately $10,984,265.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $106.15, for a total value of $212,300.00. Following the completion of the transaction, the vice president now directly owns 5,726 shares in the company, valued at $607,814.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Harrie Schippers sold 32,797 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.08, for a total value of $3,479,105.76. Following the sale, the chief financial officer now owns 103,547 shares in the company, valued at approximately $10,984,265.76. The disclosure for this sale can be found here. Company insiders own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PCAR shares. Morgan Stanley assumed coverage on PACCAR in a research report on Monday, January 8th. They issued an “overweight” rating and a $125.00 price target for the company. Bank of America upgraded shares of PACCAR from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $84.00 to $97.00 in a research report on Friday, January 19th. The Goldman Sachs Group increased their price target on shares of PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. UBS Group upgraded PACCAR from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $104.00 to $136.00 in a research report on Friday, March 15th. Finally, Truist Financial reiterated a “hold” rating and set a $121.00 target price (up previously from $117.00) on shares of PACCAR in a report on Thursday. Seven investment analysts have rated the stock with 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 “Moderate Buy” and an average target price of $112.62.

PACCAR Stock Performance

Shares of PCAR stock opened at $104.79 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 1.69. The firm has a market capitalization of $54.91 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.66 and a beta of 0.96. PACCAR Inc has a one year low of $68.40 and a one year high of $125.50. The company has a 50 day moving average price of $116.54 and a 200 day moving average price of $102.39.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, April 30th. The company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The firm had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that PACCAR Inc will post 8.24 EPS for the current year.

PACCAR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be given a $0.30 dividend. The ex-dividend date is Tuesday, May 14th. This is a positive change from PACCAR’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.15%. PACCAR’s dividend payout ratio (DPR) is 11.20%.

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.