Empirical Finance LLC Grows Position in PACCAR Inc (NASDAQ:PCAR)

Empirical Finance LLC raised its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,266 shares of the company's stock after buying an additional 5,270 shares during the period. Empirical Finance LLC's holdings in PACCAR were worth $2,420,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CVA Family Office LLC grew its holdings in PACCAR by 13.3% in the 3rd quarter. CVA Family Office LLC now owns 827 shares of the company's stock worth $82,000 after acquiring an additional 97 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of PACCAR by 130.5% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 669,058 shares of the company's stock worth $66,023,000 after purchasing an additional 378,810 shares during the period. Delta Capital Management LLC bought a new stake in shares of PACCAR in the third quarter worth about $3,712,000. Polianta Ltd purchased a new position in PACCAR during the 3rd quarter valued at about $1,154,000. Finally, Grove Bank & Trust raised its position in PACCAR by 28.4% during the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company's stock valued at $46,000 after purchasing an additional 103 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO R Preston Feight sold 25,200 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the transaction, the chief executive officer now directly owns 206,129 shares of the company's stock, valued at $22,876,196.42. This represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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. This trade represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,871 shares of company stock valued at $14,586,333. Insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PCAR shares. Jefferies Financial Group lowered PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research report on Friday, December 6th. BNP Paribas upgraded shares of PACCAR to a "hold" rating in a report on Wednesday, October 16th. Morgan Stanley decreased their price objective on shares of PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Bank of America raised shares of PACCAR from a "neutral" rating to a "buy" rating and lifted their target price for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $119.00 price target on shares of PACCAR in a research note on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, PACCAR has a consensus rating of "Moderate Buy" and an average target price of $121.95.

PACCAR Stock Up 2.1 %

Shares of PCAR traded up $2.15 during mid-day trading on Thursday, reaching $105.26. The company had a trading volume of 2,315,313 shares, compared to its average volume of 2,345,549. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.39 and a current ratio of 1.67. The company has a market capitalization of $55.19 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 2.79 and a beta of 0.92. The firm has a 50-day moving average price of $108.77 and a 200 day moving average price of $104.74.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.66 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 forecast that PACCAR Inc will post 7.6 EPS for the current year.

PACCAR Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were paid 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 15.17%.

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.