Vanguard Group Inc. Has $6.44 Billion Stock Position in PACCAR Inc (NASDAQ:PCAR)

Vanguard Group Inc. lowered its position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,882,409 shares of the company's stock after selling 187,579 shares during the quarter. Vanguard Group Inc. owned 11.80% of PACCAR worth $6,437,008,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. LPL Financial LLC lifted its holdings in shares of PACCAR by 6.1% in the fourth quarter. LPL Financial LLC now owns 212,405 shares of the company's stock valued at $22,094,000 after purchasing an additional 12,143 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in PACCAR during the fourth quarter valued at $32,859,000. Sei Investments Co. lifted its stake in PACCAR by 3.6% in the 4th quarter. Sei Investments Co. now owns 126,268 shares of the company's stock worth $13,134,000 after acquiring an additional 4,422 shares in the last quarter. American Century Companies Inc. boosted its position in PACCAR by 15.8% during the 4th quarter. American Century Companies Inc. now owns 631,369 shares of the company's stock worth $65,675,000 after acquiring an additional 86,215 shares during the period. Finally, Mizuho Securities USA LLC grew its stake in PACCAR by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 49,692 shares of the company's stock valued at $5,169,000 after acquiring an additional 15,699 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

Insider Buying and Selling

In other news, VP Michael K. Walton sold 6,000 shares of the firm's stock in a transaction 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 sale, the vice president now owns 951 shares in the company, valued at approximately $100,929.63. This trade represents a 86.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the transaction, the vice president now owns 5,463 shares of the company's stock, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,547 shares of company stock valued at $18,261,908. Insiders own 2.02% of the company's stock.

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PACCAR Stock Performance

PCAR traded up $0.60 on Tuesday, hitting $99.24. The company had a trading volume of 1,956,717 shares, compared to its average volume of 2,533,659. The stock has a market cap of $52.09 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The company's fifty day moving average price is $106.10 and its 200 day moving average price is $106.60. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted 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 23.53% and a net margin of 12.36%. Equities analysts predict that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.33 dividend. The ex-dividend date was Wednesday, February 12th. This is a positive change from PACCAR's previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.33%. PACCAR's payout ratio is presently 16.69%.

Analyst Upgrades and Downgrades

Several analysts recently commented on PCAR shares. Jefferies Financial Group cut shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Friday, December 6th. Melius Research raised shares of PACCAR to a "strong-buy" rating in a research note on Tuesday, March 18th. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. cut their price objective on PACCAR from $132.00 to $121.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Finally, Evercore ISI dropped their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $118.23.

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.