Susquehanna Fundamental Investments LLC Buys Shares of 313,812 PACCAR Inc (NASDAQ:PCAR)

Susquehanna Fundamental Investments LLC acquired a new stake in PACCAR Inc (NASDAQ:PCAR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 313,812 shares of the company's stock, valued at approximately $32,643,000. PACCAR accounts for about 0.5% of Susquehanna Fundamental Investments LLC's investment portfolio, making the stock its 29th biggest holding. Susquehanna Fundamental Investments LLC owned about 0.06% of PACCAR as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP increased its stake in PACCAR by 25.0% in the 4th quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company's stock valued at $1,747,408,000 after buying an additional 3,364,650 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of PACCAR by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 12,242,288 shares of the company's stock worth $1,275,269,000 after buying an additional 362,637 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of PACCAR by 5.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,767,134 shares of the company's stock worth $1,119,997,000 after buying an additional 572,231 shares during the period. FMR LLC boosted its holdings in PACCAR by 1.9% in the 4th quarter. FMR LLC now owns 8,791,660 shares of the company's stock valued at $914,509,000 after purchasing an additional 167,165 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in PACCAR by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,006,859 shares of the company's stock valued at $624,836,000 after purchasing an additional 313,292 shares during the period. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Stock Performance

PACCAR stock traded up $0.15 during trading on Monday, hitting $92.04. The stock had a trading volume of 3,381,905 shares, compared to its average volume of 2,753,086. PACCAR Inc has a 1 year low of $85.05 and a 1 year high of $118.81. 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 stock's 50 day moving average is $97.24 and its two-hundred day moving average is $105.27. The stock has a market cap of $48.32 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.36% and a return on equity of 23.53%. As a group, analysts predict that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a $0.33 dividend. This is an increase from PACCAR's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 12th. This represents a $1.32 annualized dividend and a yield of 1.43%. PACCAR's dividend payout ratio is presently 16.69%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group cut shares of PACCAR from a "neutral" rating to a "sell" rating and dropped their target price for the company from $108.00 to $78.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. cut their target price on PACCAR from $121.00 to $105.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Bank of America raised PACCAR from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. Melius raised PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Truist Financial decreased their target price on PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $108.59.

Insider Activity at PACCAR

In other news, VP Todd R. Hubbard sold 2,000 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $112.05, for a total value of $224,100.00. Following the completion of the transaction, the vice president now directly owns 5,463 shares of the company's stock, valued at $612,129.15. This trade represents a 26.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Harrie Schippers sold 28,676 shares of PACCAR stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.97, for a total value of $3,038,795.72. Following the completion of the transaction, the chief financial officer now owns 114,659 shares of the company's stock, valued at approximately $12,150,414.23. This trade represents a 20.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,547 shares of company stock worth $18,261,908. 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.