Natixis Makes New Investment in PACCAR Inc (NASDAQ:PCAR)

Natixis acquired a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 86,075 shares of the company's stock, valued at approximately $8,954,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norinchukin Bank The lifted its holdings in shares of PACCAR by 11.2% in the 4th quarter. Norinchukin Bank The now owns 29,907 shares of the company's stock worth $3,111,000 after acquiring an additional 3,015 shares during the last quarter. Capital International Inc. CA lifted its stake in PACCAR by 43.3% in the fourth quarter. Capital International Inc. CA now owns 69,024 shares of the company's stock worth $7,180,000 after purchasing an additional 20,860 shares during the last quarter. Capital Research Global Investors boosted its position in shares of PACCAR by 21.6% during the fourth quarter. Capital Research Global Investors now owns 3,011,888 shares of the company's stock valued at $313,297,000 after buying an additional 534,609 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of PACCAR by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,006,859 shares of the company's stock valued at $624,836,000 after buying an additional 313,292 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in shares of PACCAR by 20.8% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,871,934 shares of the company's stock worth $194,719,000 after buying an additional 322,217 shares during the period. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PCAR. Bank of America raised PACCAR from a "neutral" rating to a "buy" rating and upped their price objective for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. Evercore ISI reduced their price target on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective on shares of PACCAR from $121.00 to $105.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. UBS Group lowered shares of PACCAR from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $108.00 to $78.00 in a research report on Monday, April 7th. Finally, Morgan Stanley downgraded shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price target for the company. in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, PACCAR has a consensus rating of "Hold" and a consensus price target of $108.59.

PACCAR Stock Down 0.9 %

PACCAR stock traded down $0.79 during trading hours on Friday, reaching $91.89. The stock had a trading volume of 2,869,164 shares, compared to its average volume of 2,753,045. The business's 50 day moving average price is $97.84 and its 200-day moving average price is $105.43. 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 52 week low of $85.05 and a 52 week high of $118.81. The company has a market cap of $48.24 billion, a price-to-earnings ratio of 11.62, a PEG 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 earnings per share (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%. Sell-side analysts anticipate that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a $0.33 dividend. This is a positive change from PACCAR's previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, February 12th. PACCAR's dividend payout ratio (DPR) is presently 16.69%.

Insiders Place Their Bets

In other news, CEO R Preston Feight sold 25,200 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $110.98, for a total value of $2,796,696.00. Following the sale, the chief executive officer now owns 206,129 shares in the company, valued at $22,876,196.42. This represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael K. Walton sold 6,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total transaction of $636,780.00. Following the transaction, the vice president now directly owns 951 shares of the company's stock, valued at approximately $100,929.63. This trade represents a 86.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,547 shares of company stock valued at $18,261,908. Insiders own 2.02% of the company's stock.

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.