PACCAR Inc (NASDAQ:PCAR) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of PACCAR Inc (NASDAQ:PCARFree Report) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,892 shares of the company’s stock after purchasing an additional 108 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in PACCAR were worth $854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of PACCAR in the 4th quarter valued at $448,288,000. TD Asset Management Inc grew its position in PACCAR by 112.2% during the 4th quarter. TD Asset Management Inc now owns 2,072,281 shares of the company’s stock worth $202,358,000 after purchasing an additional 1,095,894 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in PACCAR during the 4th quarter worth $87,441,000. Epoch Investment Partners Inc. grew its position in PACCAR by 113.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,058,970 shares of the company’s stock worth $103,408,000 after purchasing an additional 562,571 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in PACCAR by 226.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 574,690 shares of the company’s stock worth $71,198,000 after purchasing an additional 398,804 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Stock Performance

Shares of NASDAQ:PCAR traded up $0.27 on Wednesday, reaching $101.61. 46,155 shares of the company’s stock were exchanged, compared to its average volume of 2,508,640. The business’s 50-day moving average is $106.11 and its two-hundred day moving average is $108.01. The firm has a market capitalization of $53.26 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.21 and a beta of 0.92. The company has a quick ratio of 2.49, a current ratio of 2.73 and a debt-to-equity ratio of 0.54. PACCAR Inc has a fifty-two week low of $80.94 and a fifty-two week high of $125.50.

PACCAR (NASDAQ:PCARGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The business had revenue of $8.24 billion during the quarter, compared to analyst estimates of $8.25 billion. PACCAR had a net margin of 14.30% and a return on equity of 31.71%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 earnings per share. As a group, equities research analysts forecast that PACCAR Inc will post 8.37 EPS for the current year.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.18%. PACCAR’s dividend payout ratio is currently 12.45%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PCAR shares. Citigroup started coverage on shares of PACCAR in a report on Wednesday, June 26th. They issued a “neutral” rating and a $115.00 target price on the stock. Raymond James initiated coverage on shares of PACCAR in a research note on Friday, June 28th. They issued a “market perform” rating for the company. StockNews.com upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Monday. Royal Bank of Canada initiated coverage on shares of PACCAR in a research note on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 price objective for the company. Finally, The Goldman Sachs Group raised their price objective on shares of PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $113.92.

Read Our Latest Report on PCAR

Insider Buying and Selling

In related news, VP Brice J. Poplawski sold 2,067 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $109.40, for a total value of $226,129.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO R Preston Feight sold 33,850 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $106.18, for a total transaction of $3,594,193.00. Following the transaction, the chief executive officer now directly owns 154,430 shares of the company’s stock, valued at $16,397,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brice J. Poplawski sold 2,067 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $109.40, for a total transaction of $226,129.80. The disclosure for this sale can be found here. Insiders have sold 45,040 shares of company stock worth $4,779,241 in the last ninety days. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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