Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,636 Shares of PACCAR Inc (NASDAQ:PCAR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,482 shares of the company's stock after selling 2,636 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in PACCAR were worth $11,596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PCAR. Golden State Wealth Management LLC acquired a new position in shares of PACCAR in the 4th quarter worth approximately $37,000. Kestra Investment Management LLC acquired a new position in PACCAR in the fourth quarter worth $37,000. OFI Invest Asset Management acquired a new position in PACCAR in the fourth quarter worth $43,000. Atala Financial Inc bought a new stake in shares of PACCAR during the fourth quarter worth $43,000. Finally, Regents Gate Capital LLP acquired a new stake in shares of PACCAR in the fourth quarter valued at $44,000. 64.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PCAR has been the subject of several research reports. Citigroup lowered their price objective on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Bank of America raised shares of PACCAR from a "neutral" rating to a "buy" rating and raised their price target for the company from $116.00 to $121.50 in a report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price objective on PACCAR from $132.00 to $121.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Melius upgraded PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Jefferies Financial Group downgraded PACCAR from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $118.23.

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PACCAR Trading Up 0.6 %

Shares of PCAR stock traded up $0.60 on Tuesday, reaching $99.24. The company had a trading volume of 1,956,717 shares, compared to its average volume of 2,530,405. The stock has a market cap of $52.09 billion, a PE ratio of 12.55, a PEG ratio of 2.77 and a beta of 0.91. The company has a 50-day moving average of $105.88 and a 200-day moving average of $106.65. 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 12 month low of $90.04 and a 12 month high of $125.50.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its 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 net margin of 12.36% and a return on equity of 23.53%. On average, equities analysts forecast that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The firm 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. This represents a $1.32 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from PACCAR's previous quarterly dividend of $0.30. PACCAR's dividend payout ratio (DPR) is presently 16.69%.

Insiders Place Their Bets

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 sale, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Todd R. Hubbard sold 2,000 shares of the company'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 transaction, the vice president now owns 5,463 shares of the company's stock, valued at $612,129.15. This trade represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,547 shares of company stock worth $18,261,908. Corporate insiders own 2.02% of the company's stock.

PACCAR Company 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.