Banco Santander S.A. Takes Position in PACCAR Inc (NASDAQ:PCAR)

Banco Santander S.A. bought a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,661 shares of the company's stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new stake in PACCAR during the fourth quarter worth about $37,000. Kestra Investment Management LLC acquired a new stake in shares of PACCAR in the 4th quarter worth approximately $37,000. Regents Gate Capital LLP purchased a new position in PACCAR in the 4th quarter valued at approximately $44,000. Ashton Thomas Securities LLC purchased a new position in PACCAR in the 3rd quarter valued at approximately $52,000. Finally, AdvisorNet Financial Inc raised its holdings in PACCAR by 223.4% during the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company's stock worth $59,000 after purchasing an additional 391 shares during the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PACCAR

In other news, CFO Harrie Schippers sold 28,676 shares of PACCAR stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.97, for a total value of $3,038,795.72. Following the transaction, the chief financial officer now directly owns 114,659 shares of the company's stock, valued at $12,150,414.23. The trade was a 20.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $112.05, for a total value of $224,100.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,547 shares of company stock worth $18,261,908. 2.02% of the stock is owned by insiders.

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PACCAR Trading Down 0.9 %

Shares of NASDAQ PCAR traded down $0.98 on Wednesday, reaching $103.74. 1,036,748 shares of the company traded hands, compared to its average volume of 2,503,725. The company has a 50 day moving average of $107.42 and a 200 day moving average of $106.32. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. PACCAR Inc has a fifty-two week low of $90.04 and a fifty-two week high of $125.50. The stock has a market capitalization of $54.44 billion, a PE ratio of 13.12, a P/E/G ratio of 2.77 and a beta of 0.91.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly 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%. On average, equities research analysts forecast that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued 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 dividend payout ratio (DPR) is presently 16.69%.

Analysts Set New Price Targets

PCAR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on PACCAR from $125.00 to $132.00 and gave the company 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. Citigroup lowered their price target 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. Jefferies Financial Group downgraded PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research report on Friday, December 6th. Finally, Bank of America upgraded PACCAR from a "neutral" rating to a "buy" rating and increased their target price for the company from $116.00 to $121.50 in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $121.77.

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.