Xponance Inc. Grows Position in PACCAR Inc (NASDAQ:PCAR)

Xponance Inc. grew its holdings in PACCAR Inc (NASDAQ:PCAR - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,319 shares of the company's stock after acquiring an additional 2,769 shares during the quarter. Xponance Inc.'s holdings in PACCAR were worth $7,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of PACCAR in the fourth quarter worth $37,000. Kestra Investment Management LLC acquired a new stake in shares of PACCAR during the 4th quarter worth approximately $37,000. Atala Financial Inc bought a new position in PACCAR in the fourth quarter valued at approximately $43,000. Regents Gate Capital LLP acquired a new stake in shares of PACCAR in the 4th quarter valued at $44,000. Finally, OFI Invest Asset Management bought a new position in shares of PACCAR in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 64.90% of the company's stock.

PACCAR Stock Up 1.6 %

Shares of PACCAR stock traded up $1.53 during trading on Monday, reaching $98.64. 2,562,446 shares of the company traded hands, compared to its average volume of 2,530,862. The firm has a market capitalization of $51.77 billion, a PE ratio of 12.47, a P/E/G ratio of 2.77 and a beta of 0.91. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50. The company has a 50 day moving average price of $106.29 and a 200-day moving average price of $106.56. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39.

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PACCAR (NASDAQ:PCAR - Get Free Report) last announced 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 net margin of 12.36% and a return on equity of 23.53%. As a group, equities research analysts expect that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a $0.33 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $1.32 annualized dividend and a yield of 1.34%. This is a positive change from PACCAR's previous quarterly dividend of $0.30. PACCAR's dividend payout ratio is presently 16.69%.

Wall Street Analysts Forecast Growth

PCAR has been the topic of a number of recent analyst reports. UBS Group cut PACCAR from a "buy" rating to a "neutral" rating and decreased their target price for the company from $124.00 to $108.00 in a research report on Tuesday, March 18th. Jefferies Financial Group downgraded 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 upgraded PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Truist Financial upped their price objective on PACCAR from $112.00 to $113.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th. Finally, Bank of America raised shares of PACCAR from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $118.23.

Insider Buying and Selling at PACCAR

In other news, EVP Darrin C. Siver sold 103,671 shares of PACCAR stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the transaction, the executive vice president now directly owns 61,005 shares in the company, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the sale, the vice president now owns 5,463 shares in the company, valued at $612,129.15. This represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 165,547 shares of company stock valued at $18,261,908. Company insiders own 2.02% of the company's stock.

PACCAR 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.