J. Safra Sarasin Holding AG Grows Holdings in PACCAR Inc (NASDAQ:PCAR)

J. Safra Sarasin Holding AG grew its holdings in PACCAR Inc (NASDAQ:PCAR - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 632,491 shares of the company's stock after acquiring an additional 6,398 shares during the quarter. PACCAR accounts for approximately 1.1% of J. Safra Sarasin Holding AG's holdings, making the stock its 27th largest holding. J. Safra Sarasin Holding AG owned 0.12% of PACCAR worth $65,792,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of PACCAR in the fourth quarter valued at about $526,922,000. Wellington Management Group LLP raised its position in PACCAR by 25.0% during the 4th quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company's stock worth $1,747,408,000 after buying an additional 3,364,650 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in PACCAR during the 4th quarter valued at approximately $254,651,000. JPMorgan Chase & Co. boosted its holdings in shares of PACCAR by 49.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company's stock valued at $346,878,000 after acquiring an additional 1,164,692 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of PACCAR by 5.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,767,134 shares of the company's stock worth $1,119,997,000 after acquiring an additional 572,231 shares during the period. Institutional investors and hedge funds own 64.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of PACCAR from $121.00 to $105.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Evercore ISI reduced their price target on PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Bank of America upgraded PACCAR from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. Morgan Stanley lowered shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price for the company. in a report on Wednesday, April 16th. Finally, Melius Research set a $120.00 price target on shares of PACCAR in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PACCAR presently has a consensus rating of "Hold" and an average price target of $108.59.

PACCAR Price Performance

Shares of PCAR traded down $0.79 during trading hours on Friday, hitting $91.89. 2,869,209 shares of the stock were exchanged, compared to its average volume of 2,753,045. The stock's 50-day moving average price is $97.84 and its two-hundred day moving average price is $105.43. 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 cap of $48.24 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. PACCAR Inc has a 12-month low of $85.05 and a 12-month high of $118.81.

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

PACCAR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from PACCAR's previous quarterly dividend of $0.30. PACCAR's dividend payout ratio (DPR) is currently 16.69%.

Insider Buying and Selling

In related news, VP Todd R. Hubbard sold 2,000 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the sale, the vice president now directly owns 5,463 shares in the company, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R Preston Feight sold 25,200 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 206,129 shares in the company, valued at $22,876,196.42. The trade was a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,547 shares of company stock worth $18,261,908. 2.02% of the stock is owned by corporate insiders.

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.