American Century Companies Inc. Buys 86,215 Shares of PACCAR Inc (NASDAQ:PCAR)

American Century Companies Inc. lifted its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 631,369 shares of the company's stock after purchasing an additional 86,215 shares during the quarter. American Century Companies Inc. owned about 0.12% of PACCAR worth $65,675,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of PACCAR during the 4th quarter worth about $37,000. Kestra Investment Management LLC bought a new stake in PACCAR during the fourth quarter worth approximately $37,000. Atala Financial Inc acquired a new stake in PACCAR in the fourth quarter worth approximately $43,000. Regents Gate Capital LLP bought a new position in PACCAR during the 4th quarter valued at $44,000. Finally, OFI Invest Asset Management bought a new position in PACCAR during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 64.90% of the company's stock.

Analyst Upgrades and Downgrades

PCAR has been the subject of several research analyst reports. Melius upgraded PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Truist Financial lifted their price objective on shares of PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. Citigroup reduced their target price on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Melius Research set a $120.00 price target on PACCAR in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. reduced their price objective on PACCAR from $132.00 to $121.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $118.38.

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Insider Activity

In other PACCAR 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 completion of the sale, the executive vice president now directly owns 61,005 shares in the company, valued at $6,805,717.80. The trade was a 62.95 % 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 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 owns 951 shares in the company, 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. Insiders have sold a total of 165,547 shares of company stock worth $18,261,908 in the last ninety days. Corporate insiders own 2.02% of the company's stock.

PACCAR Stock Down 1.3 %

PACCAR stock traded down $1.28 during mid-day trading on Friday, hitting $96.91. The company's stock had a trading volume of 2,320,491 shares, compared to its average volume of 2,650,738. PACCAR Inc has a 52-week low of $90.04 and a 52-week high of $124.39. The company has a market cap of $50.87 billion, a PE ratio of 12.25, a price-to-earnings-growth 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 firm's 50 day moving average is $105.19 and its 200 day moving average is $106.64.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted 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%. On average, analysts anticipate that PACCAR Inc will post 7.57 earnings per share for the current 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 dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from PACCAR's previous quarterly dividend of $0.30. PACCAR's dividend payout ratio (DPR) is 16.69%.

PACCAR Company 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.