Sei Investments Co. Buys 4,422 Shares of PACCAR Inc (NASDAQ:PCAR)

Sei Investments Co. lifted its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 126,268 shares of the company's stock after buying an additional 4,422 shares during the period. Sei Investments Co.'s holdings in PACCAR were worth $13,134,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PCAR. Wellington Management Group LLP lifted its stake in shares of PACCAR by 53.3% in the 3rd 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 period. Madison Investment Advisors LLC purchased a new position in shares of PACCAR during the 4th quarter worth $254,651,000. JPMorgan Chase & Co. boosted its stake in shares of PACCAR by 49.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company's stock worth $346,878,000 after acquiring an additional 1,164,692 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of PACCAR during the 3rd quarter valued at $63,186,000. Finally, KBC Group NV raised its holdings in PACCAR by 185.7% in the 4th quarter. KBC Group NV now owns 688,808 shares of the company's stock worth $71,649,000 after purchasing an additional 447,711 shares during the period. Hedge funds and other institutional investors own 64.90% of the company's stock.

Insider Buying and Selling at PACCAR

In related news, 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 value of $224,100.00. Following the sale, the vice president now directly owns 5,463 shares of the company's stock, valued at $612,129.15. This represents a 26.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael K. Walton sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the transaction, the vice president now owns 951 shares of the company's stock, valued at $100,929.63. This trade represents a 86.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,547 shares of company stock worth $18,261,908 over the last quarter. Insiders own 2.02% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have commented on PCAR shares. Evercore ISI reduced their price target on PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their target price on shares of PACCAR from $132.00 to $121.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Bank of America upgraded shares of PACCAR from a "neutral" rating to a "buy" rating and upped their price target for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Citigroup dropped their target price on shares of PACCAR from $112.00 to $105.00 and set a "neutral" rating for the company in a report on Monday. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PACCAR presently has a consensus rating of "Moderate Buy" and an average price target of $117.54.

PACCAR Price Performance

PCAR traded up $0.22 during trading hours on Tuesday, hitting $97.59. The company's stock had a trading volume of 1,027,440 shares, compared to its average volume of 2,647,239. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $124.39. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The business's 50-day moving average price is $104.93 and its 200-day moving average price is $106.74. The stock has a market cap of $51.23 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 2.77 and a beta of 0.91.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share 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%. Sell-side analysts expect that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.35%. This is a positive change from PACCAR's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 12th. PACCAR's payout ratio is presently 16.69%.

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.