Capital International Inc. CA Purchases 20,860 Shares of PACCAR Inc (NASDAQ:PCAR)

Capital International Inc. CA raised its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 43.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 69,024 shares of the company's stock after acquiring an additional 20,860 shares during the period. Capital International Inc. CA's holdings in PACCAR were worth $7,180,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PCAR. Meeder Asset Management Inc. lifted its stake in PACCAR by 221.8% in the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock valued at $29,000 after buying an additional 193 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of PACCAR in the 4th quarter valued at approximately $37,000. Kestra Investment Management LLC bought a new position in PACCAR during the 4th quarter worth approximately $37,000. OFI Invest Asset Management acquired a new position in PACCAR during the fourth quarter valued at approximately $43,000. Finally, Atala Financial Inc acquired a new position in PACCAR during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 64.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PCAR. Truist Financial lowered their target price on PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Evercore ISI dropped their price objective on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Morgan Stanley lowered shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price for the company. in a research note on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price target on PACCAR from $121.00 to $105.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Melius Research set a $120.00 price objective on PACCAR in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $108.59.

Insider Transactions at PACCAR

In other PACCAR news, CEO R Preston Feight sold 25,200 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the completion of the transaction, the chief executive officer now owns 206,129 shares in the company, valued at approximately $22,876,196.42. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the transaction, the vice president now owns 5,463 shares in the company, valued at $612,129.15. This trade represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,547 shares of company stock worth $18,261,908 over the last ninety days. 2.02% of the stock is owned by insiders.

PACCAR Trading Up 0.6 %

Shares of NASDAQ:PCAR traded up $0.52 during midday trading on Wednesday, hitting $89.08. 2,799,060 shares of the stock were exchanged, compared to its average volume of 2,752,541. The business's 50-day moving average price is $98.44 and its 200 day moving average price is $105.61. 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 Inc has a 12 month low of $85.05 and a 12 month high of $118.81. The stock has a market capitalization of $46.76 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 2.77 and a beta of 0.96.

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 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%. Analysts predict that PACCAR Inc will post 7.57 earnings per share 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Wednesday, February 12th. This is a positive change from PACCAR's previous quarterly dividend of $0.30. PACCAR's payout ratio is 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.