Sei Investments Co. Grows Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Sei Investments Co. boosted its stake in PACCAR Inc (NASDAQ:PCAR) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,268 shares of the company’s stock after acquiring an additional 4,422 shares during the period. Sei Investments Co.’s holdings in PACCAR were worth $13,134,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PCAR. Golden State Wealth Management LLC bought a new position in PACCAR in the 4th quarter worth about $37,000. Kestra Investment Management LLC purchased a new stake in PACCAR in the 4th quarter worth $37,000. OFI Invest Asset Management purchased a new stake in PACCAR during the 4th quarter valued at approximately $43,000. Atala Financial Inc bought a new stake in PACCAR in the 4th quarter worth approximately $43,000. Finally, Regents Gate Capital LLP bought a new position in shares of PACCAR in the 4th quarter valued at about $44,000. 64.90% of the stock is owned by institutional investors.

Insider Activity

In other PACCAR news, EVP Darrin C. Siver sold 103,671 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 61,005 shares of the company’s stock, valued at $6,805,717.80. The trade was a 62.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the transaction, the vice president now owns 5,463 shares of the company’s stock, valued at $612,129.15. This represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 165,547 shares of company stock worth $18,261,908. 2.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PCAR shares. Citigroup lowered their price objective on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Melius Research set a $120.00 target price on shares of PACCAR in a report on Tuesday, March 18th. Evercore ISI reduced their target price on PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. UBS Group downgraded shares of PACCAR from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $124.00 to $108.00 in a research note on Tuesday, March 18th. Finally, Melius upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $118.38.

PACCAR Stock Performance

PCAR opened at $96.91 on Friday. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $124.39. The stock has a market cap of $50.87 billion, a P/E ratio of 12.25, a P/E/G ratio of 2.77 and a beta of 0.91. The stock’s 50 day simple moving average is $105.19 and its 200 day simple moving average is $106.55. 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 released its earnings results on Tuesday, January 28th. The company reported $1.66 EPS 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%. As a group, equities analysts anticipate that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

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

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.