Mn Services Vermogensbeheer B.V. Raises Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,619 shares of the company's stock after buying an additional 3,700 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in PACCAR were worth $21,493,000 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. acquired a new position in shares of PACCAR during the fourth quarter valued at approximately $1,984,000. Sanctuary Advisors LLC grew its holdings 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 buying an additional 5,871 shares in the last quarter. Mengis Capital Management Inc. raised its position in shares of PACCAR by 2.9% in the third quarter. Mengis Capital Management Inc. now owns 191,157 shares of the company's stock valued at $18,863,000 after buying an additional 5,433 shares during the last quarter. Insight Wealth Strategies LLC boosted its position in PACCAR by 21.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 39,041 shares of the company's stock worth $4,061,000 after acquiring an additional 6,936 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in PACCAR by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 5,180,925 shares of the company's stock valued at $511,254,000 after acquiring an additional 89,245 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

PACCAR Stock Down 2.1 %

NASDAQ:PCAR traded down $2.22 during midday trading on Monday, reaching $105.02. The company had a trading volume of 2,467,532 shares, compared to its average volume of 2,378,765. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $125.50. The firm has a market capitalization of $55.11 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 2.77 and a beta of 0.92. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The stock's fifty day simple moving average is $107.24 and its 200-day simple moving average is $105.81.

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

PACCAR Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a $3.00 dividend. The ex-dividend date was Friday, December 20th. This is a positive change from PACCAR's previous dividend of $0.89. PACCAR's dividend payout ratio is 16.69%.

Insiders Place Their Bets

In other PACCAR news, VP Michael K. Walton sold 6,000 shares of the firm'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 sale, the vice president now owns 951 shares of the company's stock, valued at approximately $100,929.63. This trade represents a 86.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darrin C. Siver sold 103,671 shares of the company's 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 completion of the transaction, the executive vice president now owns 61,005 shares of the company's stock, valued at approximately $6,805,717.80. The trade was a 62.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,547 shares of company stock valued at $18,261,908 in the last ninety days. Insiders own 2.02% of the company's stock.

Wall Street Analyst Weigh In

PCAR has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on PACCAR from $125.00 to $132.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Truist Financial lifted their price target on PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued a "sector perform" rating and issued a $119.00 price objective on shares of PACCAR in a report on Monday, November 4th. Evercore ISI decreased 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. Finally, Citigroup cut 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. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, PACCAR presently has an average rating of "Moderate Buy" and an average price target of $121.77.

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.