WINTON GROUP Ltd Purchases Shares of 9,949 PACCAR Inc (NASDAQ:PCAR)

WINTON GROUP Ltd acquired a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,949 shares of the company's stock, valued at approximately $1,035,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Madrona Financial Services LLC grew its holdings in PACCAR by 1.1% during the fourth quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock worth $837,000 after buying an additional 91 shares in the last quarter. Global Financial Private Client LLC grew its stake in shares of PACCAR by 1.0% in the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock worth $1,011,000 after acquiring an additional 97 shares in the last quarter. PDS Planning Inc lifted its position in shares of PACCAR by 3.7% during the fourth quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after purchasing an additional 101 shares in the last quarter. Valley National Advisers Inc. lifted its position in shares of PACCAR by 0.6% during the fourth quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock valued at $1,982,000 after purchasing an additional 106 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in PACCAR by 14.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after purchasing an additional 107 shares during the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

PCAR has been the topic of several recent analyst reports. UBS Group cut shares of PACCAR from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $124.00 to $108.00 in a research report on Tuesday, March 18th. Melius Research set a $120.00 price target on PACCAR in a report on Tuesday, March 18th. Melius upgraded PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Evercore ISI lowered their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of PACCAR from $132.00 to $121.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PACCAR has a consensus rating of "Moderate Buy" and an average price target of $117.54.

Insider Buying and Selling at PACCAR

In related news, CEO R Preston Feight sold 25,200 shares of PACCAR stock in a transaction on Friday, January 31st. The stock was sold at an average price of $110.98, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Harrie Schippers sold 28,676 shares of the company's 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 completion of the transaction, the chief financial officer now owns 114,659 shares in the company, valued at $12,150,414.23. This represents a 20.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock valued at $18,261,908 in the last three months. Company insiders own 2.02% of the company's stock.

PACCAR Stock Performance

PACCAR stock traded up $0.19 during mid-day trading on Tuesday, reaching $97.56. The company's stock had a trading volume of 1,178,995 shares, compared to its average volume of 2,647,918. The company has a market capitalization of $51.21 billion, a P/E ratio of 12.33, a PEG ratio of 2.77 and a beta of 0.91. The firm's fifty day moving average price is $104.93 and its two-hundred day moving average price is $106.74. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $124.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 23.53% and a net margin of 12.36%. Sell-side analysts predict that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.32 annualized dividend and a yield of 1.35%. This is a boost from PACCAR's previous quarterly dividend of $0.30. PACCAR's payout ratio is currently 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.