Optas LLC Buys 116 Shares of PACCAR Inc (NASDAQ:PCAR)

Optas LLC raised its stake in PACCAR Inc (NASDAQ:PCAR) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,731 shares of the company’s stock after acquiring an additional 116 shares during the period. Optas LLC’s holdings in PACCAR were worth $284,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PCAR. Quarry LP bought a new stake in shares of PACCAR in the second quarter worth about $26,000. Sanctuary Advisors LLC purchased a new position in PACCAR during the 2nd quarter valued at approximately $2,703,000. Czech National Bank increased its stake in PACCAR by 6.9% in the 3rd quarter. Czech National Bank now owns 106,789 shares of the company’s stock worth $10,538,000 after acquiring an additional 6,909 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of PACCAR by 32.8% during the 3rd quarter. GAMMA Investing LLC now owns 7,069 shares of the company’s stock worth $698,000 after acquiring an additional 1,747 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of PACCAR by 8.1% during the 3rd quarter. Fulton Bank N.A. now owns 3,899 shares of the company’s stock valued at $385,000 after acquiring an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Insider Buying and Selling

In other news, VP Todd R. Hubbard sold 2,000 shares of the 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 in the company, valued at approximately $612,129.15. This represents a 26.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO R Preston Feight sold 25,200 shares of the stock in a transaction dated 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 owns 206,129 shares of the company’s stock, valued at approximately $22,876,196.42. This trade represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 130,871 shares of company stock valued at $14,586,333 over the last 90 days. Corporate insiders own 2.02% of the company’s stock.

PACCAR Stock Down 0.6 %

Shares of NASDAQ PCAR opened at $108.48 on Wednesday. PACCAR Inc has a 52-week low of $90.04 and a 52-week high of $125.50. The firm has a market capitalization of $56.88 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.87 and a beta of 0.92. The stock has a 50 day moving average price of $110.21 and a 200 day moving average price of $104.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.39 and a current ratio of 1.67.

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

PACCAR Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a dividend of $3.00 per share. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR’s dividend payout ratio (DPR) is presently 15.17%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. BNP Paribas upgraded shares of PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $119.00 price target on shares of PACCAR in a research report on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on PACCAR from $125.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Evercore ISI upgraded PACCAR from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $99.00 to $129.00 in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.95.

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.