86,075 Shares in PACCAR Inc (NASDAQ:PCAR) Purchased by Natixis

Natixis purchased a new stake in PACCAR Inc (NASDAQ:PCAR) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 86,075 shares of the company’s stock, valued at approximately $8,954,000.

Several other large investors have also recently added to or reduced their stakes in PCAR. Madrona Financial Services LLC lifted its position in 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 buying an additional 91 shares in the last quarter. Global Financial Private Client LLC lifted its position in shares of PACCAR by 1.0% during the fourth quarter. Global Financial Private Client LLC now owns 9,716 shares of the company’s stock worth $1,011,000 after purchasing an additional 97 shares in the last quarter. PDS Planning Inc grew its stake in shares of PACCAR by 3.7% during the fourth quarter. PDS Planning Inc now owns 2,810 shares of the company’s stock valued at $292,000 after purchasing an additional 101 shares during the last quarter. Valley National Advisers Inc. increased its holdings in shares of 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 purchasing an additional 106 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in PACCAR by 14.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company’s stock worth $88,000 after purchasing an additional 107 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

PACCAR Stock Performance

Shares of PACCAR stock opened at $88.17 on Monday. PACCAR Inc has a 12 month low of $85.10 and a 12 month 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 company has a market capitalization of $46.28 billion, a PE ratio of 11.15, a PEG ratio of 2.77 and a beta of 0.96. The stock’s fifty day simple moving average is $99.09 and its 200 day simple moving average is $105.84.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data 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%. On average, research analysts predict that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.33 per share. This is an increase from PACCAR’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 12th. This represents a $1.32 annualized dividend and a dividend yield of 1.50%. PACCAR’s dividend payout ratio is currently 16.69%.

Insider Buying and Selling

In other news, VP Michael K. Walton sold 6,000 shares of PACCAR stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the sale, the vice president now directly owns 951 shares in the company, valued at $100,929.63. This trade represents a 86.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the transaction, the vice president now owns 5,463 shares of the company’s stock, valued at $612,129.15. The trade was a 26.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,547 shares of company stock worth $18,261,908 over the last ninety days. Company insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup lowered their target price on PACCAR from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Melius Research set a $120.00 price objective on PACCAR in a research report on Tuesday, March 18th. Evercore ISI cut their target price on shares of PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $116.00 to $121.50 in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut their price objective on shares of PACCAR from $121.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $108.59.

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.