PACCAR Inc (NASDAQ:PCAR) Position Trimmed by Amundi

Amundi lessened its position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 45.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,168,099 shares of the company's stock after selling 959,302 shares during the period. Amundi owned about 0.22% of PACCAR worth $126,738,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PCAR. Everence Capital Management Inc. acquired a new position in shares of PACCAR in the 4th quarter valued at $1,984,000. Cullen Frost Bankers Inc. raised its stake in shares of PACCAR by 8.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 85,719 shares of the company's stock worth $8,916,000 after buying an additional 6,494 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in PACCAR by 24.3% in the third quarter. Sanctuary Advisors LLC now owns 30,016 shares of the company's stock valued at $2,962,000 after acquiring an additional 5,871 shares during the period. Mengis Capital Management Inc. grew its position in PACCAR by 2.9% during the third quarter. Mengis Capital Management Inc. now owns 191,157 shares of the company's stock worth $18,863,000 after buying an additional 5,433 shares during the period. Finally, Insight Wealth Strategies LLC raised its holdings in PACCAR by 21.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 39,041 shares of the company's stock worth $4,061,000 after purchasing an additional 6,936 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on PCAR shares. Truist Financial boosted 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. Citigroup lowered their price target on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on PACCAR from $125.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Bank of America raised PACCAR from a "neutral" rating to a "buy" rating and increased their price objective for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. Finally, Evercore ISI decreased their price target on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, PACCAR currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.77.

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Insider Buying and Selling

In other PACCAR news, 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 sale, the executive vice president now owns 61,005 shares of the company's stock, valued at $6,805,717.80. The trade was a 62.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO R Preston Feight sold 25,200 shares of the firm'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 transaction, the chief executive officer now directly owns 206,129 shares in the company, valued at approximately $22,876,196.42. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,547 shares of company stock worth $18,261,908 over the last quarter. 2.02% of the stock is owned by company insiders.

PACCAR Trading Down 0.9 %

Shares of PCAR stock traded down $0.98 during mid-day trading on Wednesday, reaching $103.74. The company's stock had a trading volume of 1,036,748 shares, compared to its average volume of 2,503,725. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $54.44 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91. The company's 50 day simple moving average is $107.42 and its 200-day simple moving average is $106.32. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $125.50.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly 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, research analysts predict that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

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