PACCAR Inc (NASDAQ:PCAR) Stake Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,488 shares of the company’s stock after purchasing an additional 6,558 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PACCAR were worth $20,359,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc grew its holdings in shares of PACCAR by 188.5% during the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of PACCAR during the third quarter valued at approximately $26,000. ST Germain D J Co. Inc. grew its holdings in shares of PACCAR by 61.9% during the third quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock valued at $29,000 after purchasing an additional 130 shares during the last quarter. Arlington Trust Co LLC bought a new position in shares of PACCAR during the third quarter valued at approximately $30,000. Finally, ORG Partners LLC grew its holdings in PACCAR by 6,200.0% in the 4th quarter. ORG Partners LLC now owns 378 shares of the company’s stock worth $37,000 after buying an additional 372 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the sale, the vice president now owns 5,726 shares in the company, valued at approximately $607,814.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Harrie Schippers sold 32,797 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.08, for a total value of $3,479,105.76. Following the completion of the sale, the chief financial officer now owns 103,547 shares in the company, valued at $10,984,265.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the transaction, the vice president now directly owns 5,726 shares in the company, valued at $607,814.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,496 shares of company stock worth $15,834,812. Insiders own 2.02% of the company’s stock.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $115.93 on Thursday. PACCAR Inc has a one year low of $68.40 and a one year high of $125.50. The stock has a fifty day moving average of $115.70 and a 200-day moving average of $100.57. The company has a market capitalization of $60.75 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 2.40.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.45. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The company had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts anticipate that PACCAR Inc will post 8.16 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.93%. PACCAR’s dividend payout ratio (DPR) is presently 12.31%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley assumed coverage on PACCAR in a report on Monday, January 8th. They issued an “overweight” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on PACCAR from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group raised PACCAR from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $104.00 to $136.00 in a report on Friday, March 15th. Royal Bank of Canada assumed coverage on PACCAR in a report on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 price objective for the company. Finally, Evercore ISI increased their price objective on PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PACCAR presently has an average rating of “Moderate Buy” and an average price target of $110.82.

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.