B. Metzler seel. Sohn & Co. AG Boosts Stake in PACCAR Inc (NASDAQ:PCAR)

B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 357.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,063 shares of the company's stock after buying an additional 78,200 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in PACCAR were worth $10,409,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of PACCAR by 25.0% in the 4th quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company's stock valued at $1,747,408,000 after buying an additional 3,364,650 shares during the period. Norges Bank acquired a new position in PACCAR in the fourth quarter valued at approximately $526,922,000. JPMorgan Chase & Co. lifted its holdings in PACCAR by 12.1% in the fourth 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. Bank of New York Mellon Corp boosted its position in PACCAR by 1.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,505,964 shares of the company's stock worth $364,690,000 after purchasing an additional 61,457 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of PACCAR by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,398,193 shares of the company's stock worth $335,334,000 after purchasing an additional 178,813 shares during the period. 64.90% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts recently issued reports on PCAR shares. Jefferies Financial Group downgraded 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. Evercore ISI dropped their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Melius raised PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Melius Research set a $120.00 price target on PACCAR in a research report on Tuesday, March 18th. Finally, Citigroup cut their price objective on PACCAR from $112.00 to $105.00 and set a "neutral" rating for the company in a research report on Monday. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $117.54.

Insider Activity

In other PACCAR news, VP Michael K. Walton sold 6,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total transaction of $636,780.00. Following the completion of the transaction, the vice president now owns 951 shares in the company, valued at approximately $100,929.63. This represents a 86.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total value of $224,100.00. Following the completion of the sale, the vice president now directly owns 5,463 shares in the company, valued at $612,129.15. This represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. In 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 traded down $6.72 during trading on Thursday, reaching $92.37. The company's stock had a trading volume of 4,162,867 shares, compared to its average volume of 2,661,543. The firm has a fifty day simple moving average of $104.48 and a two-hundred day simple moving average of $106.71. The company has a market cap of $48.49 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 2.77 and a beta of 0.91. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $123.20.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share 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%. As a group, analysts anticipate that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a dividend of $0.33 per share. This is a boost from PACCAR's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 12th. This represents a $1.32 annualized dividend and a yield of 1.43%. PACCAR's payout ratio is presently 16.69%.

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.