PACCAR Inc (NASDAQ:PCAR) Shares Purchased by Aviva PLC

Aviva PLC increased its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 65.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,286 shares of the company's stock after acquiring an additional 124,996 shares during the period. Aviva PLC owned approximately 0.06% of PACCAR worth $32,796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PCAR. Everence Capital Management Inc. purchased a new stake in shares of PACCAR in the fourth quarter valued at $1,984,000. Cullen Frost Bankers Inc. grew its holdings in PACCAR by 8.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 85,719 shares of the company's stock valued at $8,916,000 after purchasing an additional 6,494 shares during the last quarter. Sanctuary Advisors LLC raised its position in PACCAR by 24.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,016 shares of the company's stock worth $2,962,000 after purchasing an additional 5,871 shares during the period. LPL Financial LLC raised its position in PACCAR by 6.1% in the 4th quarter. LPL Financial LLC now owns 212,405 shares of the company's stock worth $22,094,000 after purchasing an additional 12,143 shares during the period. Finally, Insight Wealth Strategies LLC lifted its stake in PACCAR by 21.6% in the fourth quarter. Insight Wealth Strategies LLC now owns 39,041 shares of the company's stock worth $4,061,000 after purchasing an additional 6,936 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

Insider Buying and Selling at PACCAR

In related news, EVP Darrin C. Siver sold 103,671 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 61,005 shares of the company's stock, valued at approximately $6,805,717.80. This represents a 62.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $112.05, for a total value 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 approximately $612,129.15. This represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,547 shares of company stock worth $18,261,908. Insiders own 2.02% of the company's stock.

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Analyst Upgrades and Downgrades

PCAR has been the topic of a number of analyst reports. Truist Financial cut their target price on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research note on Tuesday. UBS Group cut shares of PACCAR from a "neutral" rating to a "sell" rating and cut their price target for the stock from $108.00 to $78.00 in a report on Monday. Evercore ISI reduced their price objective on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. cut their target price on shares of PACCAR from $121.00 to $105.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Bank of America upgraded shares of PACCAR from a "neutral" rating to a "buy" rating and increased their price objective for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PACCAR presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.13.

PACCAR Stock Performance

Shares of NASDAQ:PCAR traded up $0.88 on Friday, hitting $89.65. 911,247 shares of the company were exchanged, compared to its average volume of 2,723,550. The firm has a market capitalization of $47.06 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. 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 1-year low of $84.96 and a 1-year high of $121.75. The stock's 50 day moving average price is $101.28 and its 200 day moving average price is $106.21.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing analysts' consensus estimates of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. Sell-side analysts predict that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.33 per share. This is an increase from PACCAR's previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 1.47%. The ex-dividend date was Wednesday, February 12th. PACCAR's dividend payout ratio (DPR) 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.