UniSuper Management Pty Ltd Buys 5,838 Shares of PACCAR Inc (NASDAQ:PCAR)

UniSuper Management Pty Ltd grew its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,955 shares of the company's stock after purchasing an additional 5,838 shares during the quarter. UniSuper Management Pty Ltd's holdings in PACCAR were worth $4,052,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Sava Infond d.o.o. bought a new position in shares of PACCAR during the fourth quarter worth about $263,000. JPMorgan Chase & Co. increased its position in PACCAR by 12.1% in the 4th quarter. JPMorgan Chase & Co. now owns 3,941,495 shares of the company's stock valued at $409,994,000 after acquiring an additional 426,311 shares during the period. WINTON GROUP Ltd acquired a new position in PACCAR during the 4th quarter worth $1,035,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of PACCAR by 4.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 860,827 shares of the company's stock worth $90,301,000 after purchasing an additional 40,094 shares in the last quarter. Finally, Korea Investment CORP increased its holdings in shares of PACCAR by 52.3% during the fourth quarter. Korea Investment CORP now owns 343,238 shares of the company's stock valued at $35,704,000 after purchasing an additional 117,913 shares during the period. 64.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Evercore ISI dropped their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. UBS Group lowered PACCAR from a "buy" rating to a "neutral" rating and cut their price objective for the company from $124.00 to $108.00 in a report on Tuesday, March 18th. Citigroup decreased their target price on PACCAR from $112.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday. Jefferies Financial Group cut shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Friday, December 6th. Finally, Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Eight equities research 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, the company has a consensus rating of "Moderate Buy" and an average price target of $117.54.

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PACCAR Stock Up 0.7 %

Shares of NASDAQ PCAR traded up $0.69 during mid-day trading on Tuesday, reaching $98.06. The company had a trading volume of 1,239,248 shares, compared to its average volume of 2,648,284. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. The company has a market capitalization of $51.48 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 2.77 and a beta of 0.91. The stock has a fifty day moving average of $104.93 and a two-hundred day moving average of $106.74. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $124.39.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its 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%. As a group, equities research analysts expect that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from PACCAR's previous quarterly dividend of $0.30. PACCAR's dividend payout ratio (DPR) is presently 16.69%.

Insider Activity at PACCAR

In other news, EVP Darrin C. Siver sold 103,671 shares of PACCAR stock in a transaction that occurred on 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 transaction, the executive vice president now owns 61,005 shares of the company's stock, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Harrie Schippers sold 28,676 shares of the company'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 sale, 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. In the last 90 days, insiders 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.