Y Intercept Hong Kong Ltd Has $710,000 Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Y Intercept Hong Kong Ltd trimmed its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 50.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,191 shares of the company's stock after selling 7,289 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in PACCAR were worth $710,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PCAR. Quarry LP bought a new position in shares of PACCAR in the 2nd quarter valued at approximately $26,000. Meeder Asset Management Inc. raised its position in shares of PACCAR by 269.7% in the second quarter. Meeder Asset Management Inc. now owns 281 shares of the company's stock valued at $29,000 after purchasing an additional 205 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of PACCAR in the second quarter worth $36,000. ORG Partners LLC boosted its holdings in shares of PACCAR by 7,560.0% during the 2nd quarter. ORG Partners LLC now owns 383 shares of the company's stock worth $39,000 after buying an additional 378 shares during the period. Finally, Grove Bank & Trust grew its stake in PACCAR by 28.4% in the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company's stock valued at $46,000 after buying an additional 103 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors.

PACCAR Price Performance

Shares of PCAR stock traded up $0.21 during trading hours on Friday, hitting $113.01. The company had a trading volume of 1,484,895 shares, compared to its average volume of 2,576,802. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $125.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25. The firm's fifty day moving average is $110.95 and its 200 day moving average is $103.91. The firm has a market capitalization of $59.25 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.82 and a beta of 0.91.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.82 by $0.03. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The business had revenue of $8.24 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same quarter in the previous year, the firm earned $2.34 EPS. PACCAR's quarterly revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts predict that PACCAR Inc will post 7.98 EPS for the current fiscal year.

PACCAR Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued a $3.00 dividend. This is a positive change from PACCAR's previous dividend of $0.89. The ex-dividend date is Friday, December 20th. PACCAR's dividend payout ratio is presently 13.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PCAR shares. Truist Financial upped their price target on shares of PACCAR from $103.00 to $107.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Evercore ISI raised PACCAR from an "in-line" rating to an "outperform" rating and raised their target price for the company from $99.00 to $129.00 in a report on Wednesday, November 13th. BNP Paribas upgraded PACCAR to a "hold" rating in a report on Wednesday, October 16th. Citigroup raised their price objective on shares of PACCAR from $120.00 to $125.00 and gave the stock a "neutral" rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group cut shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $118.25.

Insider Buying and Selling

In other news, VP Todd R. Hubbard sold 3,230 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $107.27, for a total transaction of $346,482.10. Following the sale, the vice president now owns 3,061 shares in the company, valued at approximately $328,353.47. This represents a 51.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin D. Baney sold 9,894 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $107.00, for a total value of $1,058,658.00. Following the completion of the sale, the senior vice president now owns 7,121 shares of the company's stock, valued at approximately $761,947. This trade represents a 58.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,315 shares of company stock worth $6,358,552 in the last quarter. 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.