one8zero8 LLC Takes Position in PACCAR Inc (NASDAQ:PCAR)

one8zero8 LLC purchased a new stake in PACCAR Inc (NASDAQ:PCAR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,702 shares of the company's stock, valued at approximately $2,882,000.

Several other large investors have also modified their holdings of the business. Golden State Wealth Management LLC acquired a new stake in PACCAR during the fourth quarter worth approximately $37,000. Kestra Investment Management LLC acquired a new stake in PACCAR during the fourth quarter worth approximately $37,000. Atala Financial Inc acquired a new stake in PACCAR during the fourth quarter worth approximately $43,000. Regents Gate Capital LLP acquired a new stake in PACCAR during the fourth quarter worth approximately $44,000. Finally, OFI Invest Asset Management acquired a new stake in PACCAR during the fourth quarter worth approximately $43,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PACCAR news, CEO R Preston Feight sold 25,200 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 206,129 shares of the company's stock, valued at $22,876,196.42. This trade represents a 10.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Harrie Schippers sold 28,676 shares of the firm's stock in a transaction on 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 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. Insiders sold a total of 165,547 shares of company stock valued at $18,261,908 in the last ninety days. Corporate insiders own 2.02% of the company's stock.

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PACCAR Stock Down 1.3 %

PACCAR stock traded down $1.27 during midday trading on Thursday, hitting $98.32. 2,483,324 shares of the stock were exchanged, compared to its average volume of 2,505,775. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $125.50. The firm has a market cap of $51.60 billion, a P/E ratio of 12.43, a P/E/G ratio of 2.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The company has a 50 day moving average price of $106.68 and a two-hundred day moving average price of $106.45.

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

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a dividend of $3.00 per share. This is a positive change from PACCAR's previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR's dividend payout ratio (DPR) is currently 16.69%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PCAR shares. UBS Group lowered shares of PACCAR from a "buy" rating to a "neutral" rating and decreased their price target for the company from $124.00 to $108.00 in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of PACCAR from $132.00 to $121.00 and set an "overweight" rating on the stock in a report on Tuesday. Melius Research upgraded shares of PACCAR to a "strong-buy" rating in a report on Tuesday. Jefferies Financial Group lowered shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Friday, December 6th. Finally, Evercore ISI decreased their price target on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $118.23.

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.