PACCAR Inc (NASDAQ:PCAR) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 46.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,692 shares of the company's stock after acquiring an additional 15,699 shares during the quarter. Mizuho Securities USA LLC's holdings in PACCAR were worth $5,169,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of PACCAR by 5.6% in the third quarter. Principal Financial Group Inc. now owns 3,398,193 shares of the company's stock worth $335,334,000 after buying an additional 178,813 shares in the last quarter. Quest Partners LLC lifted its stake in PACCAR by 45,433.3% during the third quarter. Quest Partners LLC now owns 2,732 shares of the company's stock worth $270,000 after purchasing an additional 2,726 shares in the last quarter. Commerce Bank boosted its position in shares of PACCAR by 3.7% during the third quarter. Commerce Bank now owns 27,202 shares of the company's stock worth $2,684,000 after buying an additional 981 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of PACCAR by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,052,899 shares of the company's stock valued at $301,260,000 after buying an additional 47,855 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in shares of PACCAR in the 3rd quarter valued at $334,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Todd R. Hubbard sold 2,000 shares of the company'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 value of $224,100.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Darrin C. Siver sold 103,671 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the sale, the executive vice president now owns 61,005 shares in the company, valued at $6,805,717.80. This represents a 62.95 % 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 over the last three months. 2.02% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of PACCAR from $132.00 to $121.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Jefferies Financial Group downgraded shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Friday, December 6th. Melius upgraded PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Citigroup lowered their target price on PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Finally, Truist Financial increased their price target on PACCAR from $112.00 to $113.00 and gave the company a "hold" rating in a research report on Wednesday, January 29th. Eight 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.38.

PACCAR Stock Performance

PCAR traded down $1.34 during trading on Thursday, hitting $98.19. 2,250,816 shares of the stock were exchanged, compared to its average volume of 2,529,934. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50. The stock has a fifty day moving average price of $105.68 and a two-hundred day moving average price of $106.60. The firm has a market capitalization of $51.54 billion, a P/E ratio of 12.41, a PEG ratio of 2.77 and a beta of 0.91.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings results 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 return on equity of 23.53% and a net margin of 12.36%. As a group, sell-side analysts predict that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The business also recently disclosed 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 represents a $1.32 dividend on an annualized basis and a yield of 1.34%. This is a boost from PACCAR's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 12th. PACCAR's dividend payout ratio (DPR) is presently 16.69%.

About PACCAR

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.