E. Ohman J or Asset Management AB Acquires 16,750 Shares of PACCAR Inc (NASDAQ:PCAR)

E. Ohman J or Asset Management AB boosted its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 234.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,890 shares of the company's stock after buying an additional 16,750 shares during the quarter. E. Ohman J or Asset Management AB's holdings in PACCAR were worth $2,485,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of PACCAR during the 2nd quarter worth approximately $26,000. Grove Bank & Trust increased its holdings in PACCAR by 28.4% during the third quarter. Grove Bank & Trust now owns 466 shares of the company's stock worth $46,000 after buying an additional 103 shares during the last quarter. Sander Capital Advisors Inc. bought a new stake in PACCAR during the third quarter worth $50,000. Ashton Thomas Securities LLC acquired a new stake in PACCAR in the third quarter valued at $52,000. Finally, AdvisorNet Financial Inc grew its position in shares of PACCAR by 223.4% in the 4th quarter. AdvisorNet Financial Inc now owns 566 shares of the company's stock valued at $59,000 after acquiring an additional 391 shares during the period. Institutional investors own 64.90% of the company's stock.

Analyst Ratings Changes

PCAR has been the topic of several research analyst reports. Citigroup dropped their price objective on PACCAR from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on PACCAR from $125.00 to $132.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. 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 report on Wednesday, January 29th. BNP Paribas raised shares of PACCAR to a "hold" rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $119.00 target price on shares of PACCAR in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.95.

Insider Activity at PACCAR

In related news, CEO R Preston Feight sold 25,200 shares of PACCAR stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the sale, the chief executive officer now directly owns 206,129 shares in the company, valued at $22,876,196.42. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Darrin C. Siver sold 103,671 shares of PACCAR stock in a transaction on Friday, January 31st. The stock was sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the transaction, the executive vice president now owns 61,005 shares in the company, valued at approximately $6,805,717.80. This trade represents a 62.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 130,871 shares of company stock valued at $14,586,333 in the last quarter. Insiders own 2.02% of the company's stock.

PACCAR Price Performance

PCAR traded down $1.66 on Friday, hitting $106.02. 1,642,471 shares of the stock were exchanged, compared to its average volume of 2,268,529. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.39. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $125.50. The firm has a market capitalization of $55.59 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 2.79 and a beta of 0.92. The business has a 50-day moving average of $109.49 and a two-hundred day moving average of $104.55.

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 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%. Sell-side analysts forecast that PACCAR Inc will post 7.6 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from PACCAR's previous dividend of $0.89. PACCAR's payout ratio is 15.17%.

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.