OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New Investment in PACCAR Inc (NASDAQ:PCAR)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in PACCAR Inc (NASDAQ:PCAR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,000 shares of the company’s stock, valued at approximately $2,600,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Madrona Financial Services LLC boosted its stake in PACCAR by 1.1% in the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company’s stock valued at $837,000 after buying an additional 91 shares in the last quarter. Global Financial Private Client LLC boosted its stake in PACCAR by 1.0% in the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company’s stock valued at $1,011,000 after buying an additional 97 shares in the last quarter. PDS Planning Inc boosted its stake in PACCAR by 3.7% in the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company’s stock valued at $292,000 after buying an additional 101 shares in the last quarter. Valley National Advisers Inc. boosted its stake in PACCAR by 0.6% in the 4th quarter. Valley National Advisers Inc. now owns 19,063 shares of the company’s stock valued at $1,982,000 after buying an additional 106 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in PACCAR by 14.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company’s stock valued at $88,000 after buying an additional 107 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PCAR shares. StockNews.com upgraded PACCAR from a “sell” rating to a “hold” rating in a research report on Friday. Morgan Stanley downgraded PACCAR from an “overweight” rating to an “equal weight” rating and set a $96.00 price objective for the company. in a research report on Wednesday, April 16th. UBS Group downgraded PACCAR from a “neutral” rating to a “sell” rating and cut their price objective for the company from $108.00 to $78.00 in a research report on Monday, April 7th. Royal Bank of Canada cut their price objective on PACCAR from $106.00 to $97.00 and set a “sector perform” rating for the company in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. downgraded PACCAR from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $90.00 in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $105.23.

Insider Buying and Selling

In other news, CFO Harrie Schippers sold 28,676 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $105.97, for a total transaction of $3,038,795.72. Following the transaction, the chief financial officer now owns 114,659 shares in the company, valued at approximately $12,150,414.23. This trade represents a 20.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pierre R. Breber bought 5,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $89.78 per share, for a total transaction of $448,900.00. Following the purchase, the director now owns 13,015 shares of the company’s stock, valued at $1,168,486.70. This trade represents a 62.38% increase in their position. The disclosure for this purchase can be found here. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Stock Up 5.6%

NASDAQ:PCAR opened at $95.74 on Tuesday. PACCAR Inc has a 1 year low of $84.65 and a 1 year high of $118.81. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The stock has a market cap of $50.26 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 2.77 and a beta of 0.96. The stock has a 50-day moving average price of $94.31 and a two-hundred day moving average price of $104.13.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.12). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The firm had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.13 billion. During the same period in the prior year, the company earned $2.27 earnings per share. The firm’s quarterly revenue was down 16.0% on a year-over-year basis. As a group, equities analysts expect that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 14th. This represents a $1.32 annualized dividend and a yield of 1.38%. PACCAR’s payout ratio is presently 20.00%.

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.