Nebula Research & Development LLC Has $1.44 Million Stake in PACCAR Inc (NASDAQ:PCAR)

Nebula Research & Development LLC increased its holdings in PACCAR Inc (NASDAQ:PCAR - Free Report) by 45.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,807 shares of the company's stock after purchasing an additional 4,310 shares during the period. Nebula Research & Development LLC's holdings in PACCAR were worth $1,436,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its holdings in PACCAR by 221.8% during the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock valued at $29,000 after acquiring an additional 193 shares during the period. Golden State Wealth Management LLC bought a new stake in PACCAR during the fourth quarter valued at about $37,000. Kestra Investment Management LLC bought a new stake in PACCAR during the fourth quarter valued at about $37,000. OFI Invest Asset Management bought a new stake in PACCAR during the fourth quarter valued at about $43,000. Finally, Atala Financial Inc bought a new stake in PACCAR during the fourth quarter valued at about $43,000. 64.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other PACCAR news, EVP Darrin C. Siver sold 103,671 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $111.56, for a total value of $11,565,536.76. Following the completion of the transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Harrie Schippers sold 28,676 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.97, for a total transaction of $3,038,795.72. Following the completion of the transaction, the chief financial officer now directly owns 114,659 shares of the company's stock, valued at approximately $12,150,414.23. This represents a 20.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,547 shares of company stock valued at $18,261,908. Insiders own 2.02% of the company's stock.

PACCAR Price Performance

PCAR stock traded up $0.15 during trading on Monday, hitting $92.04. 3,381,905 shares of the stock traded hands, compared to its average volume of 2,753,086. PACCAR Inc has a one year low of $85.05 and a one year high of $118.81. The stock has a market cap of $48.32 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 2.77 and a beta of 0.96. The company has a 50 day simple moving average of $97.24 and a 200 day simple moving average of $105.27. 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 (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results 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%. Equities analysts expect that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from PACCAR's previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.43%. PACCAR's payout ratio is currently 16.69%.

Analyst Ratings Changes

A number of research firms have issued reports on PCAR. JPMorgan Chase & Co. decreased their price target on shares of PACCAR from $121.00 to $105.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Truist Financial cut their price objective on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Citigroup cut their price objective on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America raised shares of 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PACCAR has an average rating of "Hold" and a consensus target price of $108.59.

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.