Achmea Investment Management B.V. Sells 112,062 Shares of PACCAR Inc (NASDAQ:PCAR)

Achmea Investment Management B.V. decreased its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 84.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,633 shares of the company's stock after selling 112,062 shares during the period. Achmea Investment Management B.V.'s holdings in PACCAR were worth $2,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in PACCAR by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,398,193 shares of the company's stock valued at $335,334,000 after acquiring an additional 178,813 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of PACCAR by 1.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 79,485 shares of the company's stock valued at $7,844,000 after buying an additional 1,249 shares in the last quarter. KBC Group NV lifted its position in shares of PACCAR by 50.4% during the 3rd quarter. KBC Group NV now owns 241,097 shares of the company's stock valued at $23,792,000 after acquiring an additional 80,749 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of PACCAR by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 16,751 shares of the company's stock worth $1,653,000 after acquiring an additional 300 shares in the last quarter. Finally, Intellectus Partners LLC lifted its holdings in shares of PACCAR by 5.1% during the third quarter. Intellectus Partners LLC now owns 10,723 shares of the company's stock valued at $1,058,000 after purchasing an additional 522 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors.

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PACCAR Stock Performance

PCAR traded down $0.62 on Wednesday, hitting $99.59. The company had a trading volume of 2,233,432 shares, compared to its average volume of 2,504,357. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50. 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 company's fifty day moving average price is $106.86 and its 200 day moving average price is $106.50. The stock has a market cap of $52.27 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data 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%. Equities analysts predict that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a $3.00 dividend. This is an increase from PACCAR's previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR's dividend payout ratio (DPR) is currently 16.69%.

Wall Street Analyst Weigh In

A number of research firms have commented on PCAR. Citigroup reduced their price objective on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. 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. Evercore ISI dropped their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Melius Research upgraded shares of PACCAR to a "strong-buy" rating in a report on Tuesday. Finally, UBS Group downgraded shares of PACCAR from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $124.00 to $108.00 in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PACCAR currently has an average rating of "Moderate Buy" and an average price target of $118.23.

Insider Transactions at PACCAR

In other news, VP Michael K. Walton sold 6,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were 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. The trade was a 86.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the 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 owns 5,463 shares of the company's stock, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,547 shares of company stock worth $18,261,908. Company insiders own 2.02% of the company's stock.

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.