Brandywine Global Investment Management LLC Has $68.54 Million Holdings in PACCAR Inc (NASDAQ:PCAR)

Brandywine Global Investment Management LLC grew its position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 91.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 658,861 shares of the company's stock after buying an additional 314,299 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.13% of PACCAR worth $68,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Everence Capital Management Inc. bought a new position in shares of PACCAR in the fourth quarter valued at about $1,984,000. Cullen Frost Bankers Inc. raised its stake in shares of PACCAR by 8.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 85,719 shares of the company's stock worth $8,916,000 after acquiring an additional 6,494 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of PACCAR by 24.3% during the third 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 in the last quarter. Insight Wealth Strategies LLC increased its holdings in shares of PACCAR by 21.6% in the fourth quarter. Insight Wealth Strategies LLC now owns 39,041 shares of the company's stock valued at $4,061,000 after purchasing an additional 6,936 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in PACCAR by 19.3% in the 4th quarter. Versant Capital Management Inc now owns 1,325 shares of the company's stock worth $138,000 after purchasing an additional 214 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, VP Michael K. Walton sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total transaction of $636,780.00. Following the completion of the transaction, the vice president now directly owns 951 shares in the company, valued at $100,929.63. This represents a 86.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were 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 $612,129.15. This represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock worth $18,261,908 in the last ninety days. 2.02% of the stock is owned by insiders.

PACCAR Price Performance

PCAR traded up $0.92 on Tuesday, hitting $98.29. 2,193,917 shares of the stock were exchanged, compared to its average volume of 2,656,908. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $123.20. The firm has a market capitalization of $51.60 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 2.77 and a beta of 0.91. The business has a 50-day moving average of $104.93 and a two-hundred day moving average of $106.74.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (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%. Sell-side analysts forecast that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, February 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from PACCAR's previous quarterly dividend of $0.30. PACCAR's payout ratio is 16.69%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lowered PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Friday, December 6th. Truist Financial upped their price target on shares of PACCAR from $112.00 to $113.00 and gave the company a "hold" rating in a report on Wednesday, January 29th. Melius Research set a $120.00 target price on PACCAR in a research report on Tuesday, March 18th. Evercore ISI decreased their target price on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Finally, Citigroup cut their price objective on PACCAR from $112.00 to $105.00 and set a "neutral" rating for the company in a report on Monday. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $117.54.

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.