Retireful LLC Invests $716,000 in PACCAR Inc (NASDAQ:PCAR)

Retireful LLC acquired a new stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,879 shares of the company's stock, valued at approximately $716,000.

Several other large investors have also modified their holdings of PCAR. Wellington Management Group LLP increased its position in PACCAR by 53.3% during the third quarter. Wellington Management Group LLP now owns 13,434,115 shares of the company's stock worth $1,325,678,000 after purchasing an additional 4,669,172 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of PACCAR by 47.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,194,903 shares of the company's stock valued at $1,006,033,000 after buying an additional 3,296,146 shares during the period. JPMorgan Chase & Co. raised its position 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 worth $346,878,000 after buying an additional 1,164,692 shares during the period. Erste Asset Management GmbH purchased a new position in shares of PACCAR in the 3rd quarter worth $63,186,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in PACCAR by 115.7% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,074,653 shares of the company's stock valued at $106,047,000 after acquiring an additional 576,532 shares during the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

PACCAR Stock Up 0.8 %

Shares of NASDAQ PCAR traded up $0.85 during midday trading on Friday, reaching $110.33. 1,981,144 shares of the company's stock were exchanged, compared to its average volume of 2,160,958. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25. PACCAR Inc has a 52-week low of $90.04 and a 52-week high of $125.50. The business's fifty day moving average price is $111.18 and its two-hundred day moving average price is $103.97. The stock has a market capitalization of $57.85 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.72 and a beta of 0.93.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.03. The company had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. PACCAR's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.34 EPS. Analysts forecast that PACCAR Inc will post 7.92 EPS for the current year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were paid a dividend of $3.00 per share. This is an increase from PACCAR's previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR's dividend payout ratio is 13.41%.

Analysts Set New Price Targets

A number of research firms have recently commented on PCAR. Bank of America upgraded PACCAR from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $116.00 to $121.50 in a report on Tuesday. Morgan Stanley reduced their price target on shares of PACCAR from $135.00 to $126.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective on shares of PACCAR from $122.00 to $125.00 and gave the stock an "overweight" rating in a research note on Monday. Jefferies Financial Group lowered shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Friday, December 6th. Finally, Citigroup decreased their price target on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, PACCAR presently has an average rating of "Hold" and an average target price of $120.13.

Insiders Place Their Bets

In other PACCAR news, CFO Harrie Schippers sold 20,000 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $106.93, for a total transaction of $2,138,600.00. Following the sale, the chief financial officer now owns 105,558 shares in the company, valued at $11,287,316.94. This represents a 15.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO R Preston Feight sold 27,191 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 171,776 shares in the company, valued at approximately $17,782,251.52. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,315 shares of company stock valued at $6,358,552 in the last ninety days. Corporate insiders own 2.02% of the company's stock.

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.