PACCAR Inc. $PCAR Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. increased its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 2.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 204,121 shares of the company’s stock after buying an additional 5,602 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in PACCAR were worth $22,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in PCAR. Private Wealth Management Group LLC raised its stake in PACCAR by 293.1% in the 3rd quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock worth $28,000 after acquiring an additional 211 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in PACCAR during the 3rd quarter valued at about $32,000. True Wealth Design LLC grew its stake in PACCAR by 61.1% during the 4th quarter. True Wealth Design LLC now owns 364 shares of the company’s stock valued at $40,000 after purchasing an additional 138 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of PACCAR in the third quarter valued at about $38,000. Finally, Westside Investment Management Inc. increased its holdings in shares of PACCAR by 100.0% in the third quarter. Westside Investment Management Inc. now owns 432 shares of the company’s stock valued at $42,000 after purchasing an additional 216 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PCAR. Wells Fargo & Company set a $119.00 target price on PACCAR and gave the stock an “equal weight” rating in a report on Friday, January 23rd. BNP Paribas Exane began coverage on shares of PACCAR in a report on Tuesday. They issued a “neutral” rating and a $126.00 price target on the stock. Zacks Research raised shares of PACCAR from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Citigroup lifted their price objective on shares of PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, PACCAR presently has an average rating of “Hold” and an average price target of $117.00.

PACCAR Stock Performance

Shares of PCAR stock opened at $115.50 on Wednesday. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $131.88. The company has a quick ratio of 2.79, a current ratio of 2.98 and a debt-to-equity ratio of 0.55. The stock has a market cap of $60.78 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 0.94 and a beta of 1.03. The business has a 50-day simple moving average of $121.77 and a 200-day simple moving average of $110.57.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.06 billion. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.PACCAR’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period last year, the company earned $1.66 earnings per share. On average, equities analysts expect that PACCAR Inc. will post 7.57 EPS for the current year.

Insiders Place Their Bets

In other news, CEO R Preston Feight sold 9,258 shares of PACCAR stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $129.70, for a total transaction of $1,200,762.60. Following the completion of the transaction, the chief executive officer directly owned 258,566 shares of the company’s stock, valued at $33,536,010.20. The trade was a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paulo Henrique Bolgar sold 12,183 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $122.43, for a total transaction of $1,491,564.69. Following the completion of the transaction, the vice president owned 6,274 shares of the company’s stock, valued at approximately $768,125.82. This represents a 66.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 133,105 shares of company stock worth $16,869,046. Corporate insiders own 1.99% of the company’s stock.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.