PACCAR Inc (NASDAQ:PCAR) Position Boosted by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,468 shares of the company’s stock after purchasing an additional 2,679 shares during the period. Vontobel Holding Ltd.’s holdings in PACCAR were worth $11,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of PACCAR during the 4th quarter valued at about $37,000. Regents Gate Capital LLP bought a new position in shares of PACCAR during the 4th quarter valued at about $44,000. Sander Capital Advisors Inc. bought a new position in shares of PACCAR during the 3rd quarter valued at about $50,000. Ashton Thomas Securities LLC bought a new position in shares of PACCAR during the 3rd quarter valued at about $52,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of PACCAR by 223.4% in the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock worth $59,000 after buying an additional 391 shares during the period. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

Shares of PCAR opened at $105.96 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.39 and a current ratio of 1.67. The company has a market capitalization of $55.55 billion, a PE ratio of 13.40, a PEG ratio of 2.79 and a beta of 0.92. The company’s 50 day moving average price is $108.52 and its 200 day moving average price is $104.74. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) 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%. Research analysts expect that PACCAR Inc will post 7.6 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from PACCAR’s previous dividend of $0.89. PACCAR’s payout ratio is 15.17%.

Insider Buying and Selling at PACCAR

In other news, CEO R Preston Feight sold 25,200 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $110.98, for a total value of $2,796,696.00. Following the completion of the sale, the chief executive officer now directly owns 206,129 shares in the company, valued at approximately $22,876,196.42. The trade was a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the sale, the vice president now owns 5,463 shares of the company’s stock, valued at $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 130,871 shares of company stock worth $14,586,333 over the last ninety days. 2.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

PCAR has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of PACCAR from $125.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Truist Financial lifted their target price on shares of PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Morgan Stanley dropped their target price on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $119.00 target price on shares of PACCAR in a research report on Monday, November 4th. Finally, Citigroup dropped their target price on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, PACCAR presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.95.

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.