10,500 Shares in PACCAR Inc (NASDAQ:PCAR) Bought by ZEGA Investments LLC

ZEGA Investments LLC purchased a new stake in PACCAR Inc (NASDAQ:PCAR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,500 shares of the company's stock, valued at approximately $1,154,000.

A number of other large investors have also added to or reduced their stakes in PCAR. Madrona Financial Services LLC lifted its holdings in shares of PACCAR by 1.1% during the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock worth $837,000 after acquiring an additional 91 shares during the period. Global Financial Private Client LLC raised its position in PACCAR by 1.0% during the fourth quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock valued at $1,011,000 after purchasing an additional 97 shares in the last quarter. PDS Planning Inc lifted its position in shares of PACCAR by 3.7% during the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock worth $292,000 after buying an additional 101 shares during the last quarter. Insight Wealth Partners LLC boosted its stake in PACCAR by 1.4% in the third quarter. Insight Wealth Partners LLC now owns 7,700 shares of the company's stock valued at $760,000 after buying an additional 104 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in PACCAR by 0.6% in the fourth quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock valued at $1,982,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

Insiders Place Their Bets

In other PACCAR news, EVP Darrin C. Siver sold 103,671 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $111.56, for a total value of $11,565,536.76. Following the transaction, the executive vice president now directly owns 61,005 shares of the company's stock, valued at approximately $6,805,717.80. This trade represents a 62.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R Preston Feight sold 25,200 shares of PACCAR stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the transaction, the chief executive officer now owns 206,129 shares of the company's stock, valued at $22,876,196.42. This represents a 10.89 % 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. Corporate insiders own 2.02% of the company's stock.

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Analysts Set New Price Targets

PCAR has been the subject of several research analyst reports. 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 report on Tuesday, January 14th. Melius Research raised PACCAR to a "strong-buy" rating in a report on Tuesday, March 18th. Melius raised PACCAR from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Evercore ISI reduced their price target on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Finally, Jefferies Financial Group lowered shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a report on Friday, December 6th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PACCAR has a consensus rating of "Moderate Buy" and an average target price of $118.23.

PACCAR Trading Up 0.6 %

Shares of NASDAQ:PCAR traded up $0.60 during mid-day trading on Tuesday, hitting $99.24. The company had a trading volume of 1,956,717 shares, compared to its average volume of 2,530,405. The company has a market capitalization of $52.09 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50. The firm has a fifty day moving average price of $105.88 and a 200 day moving average price of $106.65. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results 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, research analysts forecast that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a dividend of $0.33 per share. This is an increase from PACCAR's previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Wednesday, February 12th. PACCAR's dividend payout ratio is 16.69%.

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.