PACCAR Inc (NASDAQ:PCAR) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,019 shares of the company's stock after acquiring an additional 4,173 shares during the period. Pacer Advisors Inc.'s holdings in PACCAR were worth $7,179,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Madrona Financial Services LLC lifted its stake in shares of PACCAR by 1.1% during the fourth quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock worth $837,000 after buying an additional 91 shares during the period. CVA Family Office LLC lifted its stake in PACCAR by 13.3% during the 3rd quarter. CVA Family Office LLC now owns 827 shares of the company's stock valued at $82,000 after acquiring an additional 97 shares during the period. Global Financial Private Client LLC boosted its holdings in shares of PACCAR by 1.0% in the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock valued at $1,011,000 after acquiring an additional 97 shares during the last quarter. Omnia Family Wealth LLC increased its stake in shares of PACCAR by 2.5% in the third quarter. Omnia Family Wealth LLC now owns 3,993 shares of the company's stock worth $394,000 after acquiring an additional 98 shares during the period. Finally, Grove Bank & Trust lifted its position in PACCAR by 28.4% during the third quarter. Grove Bank & Trust now owns 466 shares of the company's stock valued at $46,000 after purchasing an additional 103 shares during the period. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

PACCAR Trading Up 1.5 %

Shares of PCAR traded up $1.62 during midday trading on Thursday, reaching $112.51. The company had a trading volume of 2,802,759 shares, compared to its average volume of 2,440,079. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $110.47 and a 200-day simple moving average of $104.49. The stock has a market cap of $58.99 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 2.77 and a beta of 0.93.

PACCAR (NASDAQ:PCAR - Get Free Report) last released 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 27.24% and a net margin of 13.51%. Research analysts forecast that PACCAR Inc will post 7.93 EPS 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 issued a dividend of $3.00 per share. The ex-dividend date was Friday, December 20th. This is a boost from PACCAR's previous dividend of $0.89. PACCAR's dividend payout ratio is currently 13.41%.

Insider Buying and Selling

In other news, CEO R Preston Feight sold 27,191 shares of PACCAR stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $103.52, for a total value of $2,814,812.32. Following the completion of the transaction, the chief executive officer now owns 171,776 shares in the company, valued at approximately $17,782,251.52. This trade represents a 13.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.02% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PCAR. Jefferies Financial Group lowered PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research note on Friday, December 6th. Evercore ISI raised shares of PACCAR from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $99.00 to $129.00 in a research note on Wednesday, November 13th. BNP Paribas raised PACCAR to a "hold" rating in a research note on Wednesday, October 16th. Bank of America raised shares of PACCAR from a "neutral" rating to a "buy" rating and lifted their price target for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $119.00 price objective on shares of PACCAR in a research report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.32.

About PACCAR

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.