Sava Infond d.o.o. Buys Shares of 2,530 PACCAR Inc (NASDAQ:PCAR)

Sava Infond d.o.o. purchased a new position in shares of PACCAR Inc (NASDAQ:PCAR) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,530 shares of the company’s stock, valued at approximately $263,000.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in PACCAR by 12.1% during the fourth quarter. JPMorgan Chase & Co. now owns 3,941,495 shares of the company’s stock worth $409,994,000 after purchasing an additional 426,311 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of PACCAR during the 4th quarter valued at approximately $1,035,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in PACCAR by 4.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 860,827 shares of the company’s stock worth $90,301,000 after buying an additional 40,094 shares during the period. Korea Investment CORP grew its stake in PACCAR by 52.3% in the 4th quarter. Korea Investment CORP now owns 343,238 shares of the company’s stock valued at $35,704,000 after buying an additional 117,913 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. raised its holdings in PACCAR by 61.0% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 6,031 shares of the company’s stock valued at $627,000 after acquiring an additional 2,284 shares during the period. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Stock Down 1.3 %

PCAR opened at $98.19 on Friday. The business’s fifty day simple moving average is $105.45 and its 200 day simple moving average is $106.54. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The stock has a market cap of $51.54 billion, a PE ratio of 12.41, a P/E/G ratio of 2.77 and a beta of 0.91.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS 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 expect that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

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

Insider Activity

In other news, CEO R Preston Feight sold 25,200 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $110.98, for a total value of $2,796,696.00. Following the completion of the sale, the chief executive officer now owns 206,129 shares of the company’s stock, valued at approximately $22,876,196.42. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $112.05, for a total value of $224,100.00. Following the transaction, the vice president now owns 5,463 shares in the company, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,547 shares of company stock valued at $18,261,908. Corporate insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

PCAR has been the subject of a number of analyst reports. Truist Financial raised their price target on PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. Evercore ISI reduced their target price on PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Friday, December 6th. JPMorgan Chase & Co. reduced their price objective on shares of PACCAR from $132.00 to $121.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Finally, Melius raised shares of PACCAR from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.38.

About PACCAR

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.