Vontobel Holding Ltd. Buys 2,679 Shares of PACCAR Inc (NASDAQ:PCAR)

Vontobel Holding Ltd. raised its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,468 shares of the company's stock after acquiring an additional 2,679 shares during the quarter. Vontobel Holding Ltd.'s holdings in PACCAR were worth $11,387,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Creative Planning lifted its position in PACCAR by 2.6% during the third quarter. Creative Planning now owns 74,672 shares of the company's stock valued at $7,369,000 after purchasing an additional 1,920 shares during the last quarter. Global Retirement Partners LLC increased its stake in PACCAR by 4.5% in the 3rd quarter. Global Retirement Partners LLC now owns 5,573 shares of the company's stock worth $550,000 after buying an additional 241 shares during the period. Bleakley Financial Group LLC increased its stake in PACCAR by 1.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,721 shares of the company's stock worth $861,000 after buying an additional 109 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in PACCAR by 1.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 69,491 shares of the company's stock worth $6,857,000 after buying an additional 1,322 shares during the period. Finally, CHB Investment Group LLC purchased a new position in PACCAR in the 3rd quarter worth about $2,402,000. Hedge funds and other institutional investors own 64.90% of the company's stock.

Insider Buying and Selling at PACCAR

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $112.05, for a total value of $224,100.00. Following the completion of the transaction, the vice president now directly owns 5,463 shares of the company's stock, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R Preston Feight sold 25,200 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 206,129 shares of the company's stock, valued at approximately $22,876,196.42. The trade was a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,871 shares of company stock worth $14,586,333. 2.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Truist Financial increased their target price on shares of PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th. Jefferies Financial Group cut shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their price target on shares of PACCAR from $125.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Evercore ISI raised shares of PACCAR from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $99.00 to $129.00 in a research report on Wednesday, November 13th. Finally, Morgan Stanley reduced their price target on shares of PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.95.

PACCAR Stock Performance

PCAR traded up $0.58 during trading on Tuesday, reaching $106.54. 1,960,676 shares of the company were exchanged, compared to its average volume of 2,287,498. The stock has a market cap of $55.86 billion, a P/E ratio of 13.47, a PEG ratio of 2.79 and a beta of 0.92. The firm has a 50 day moving average of $108.15 and a 200 day moving average of $104.96. The company has a current ratio of 1.67, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts' consensus estimates 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 forecast that PACCAR Inc will post 7.6 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a $3.00 dividend. This is an increase from PACCAR's previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR's payout ratio is presently 15.17%.

PACCAR Profile

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.