Robeco Institutional Asset Management B.V. Trims Stock Position in PACCAR Inc (NASDAQ:PCAR)

Robeco Institutional Asset Management B.V. trimmed its stake in shares of PACCAR Inc (NASDAQ:PCARFree Report) by 59.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 632,890 shares of the company’s stock after selling 917,840 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.12% of PACCAR worth $61,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of PCAR. AdvisorNet Financial Inc boosted its holdings in shares of PACCAR by 188.5% in the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after acquiring an additional 181 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of PACCAR in the third quarter valued at $26,000. ORG Partners LLC boosted its position in shares of PACCAR by 6,200.0% in the fourth quarter. ORG Partners LLC now owns 378 shares of the company’s stock worth $37,000 after acquiring an additional 372 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of PACCAR during the 4th quarter valued at $37,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of PACCAR in the 4th quarter worth about $39,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

PACCAR Price Performance

Shares of PCAR traded up $0.07 during trading hours on Friday, hitting $106.00. The stock had a trading volume of 1,727,088 shares, compared to its average volume of 3,019,294. The stock has a market capitalization of $55.56 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.64 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.73 and a quick ratio of 2.49. The company’s fifty day moving average is $115.26 and its two-hundred day moving average is $104.33. PACCAR Inc has a 52 week low of $68.40 and a 52 week high of $125.50.

PACCAR (NASDAQ:PCARGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. The company had revenue of $8.24 billion during the quarter, compared to analyst estimates of $8.25 billion. PACCAR had a net margin of 14.30% and a return on equity of 31.71%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $2.25 earnings per share. On average, analysts anticipate that PACCAR Inc will post 8.26 EPS for the current year.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.30 per share. This is a positive change from PACCAR’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, May 14th. PACCAR’s payout ratio is presently 12.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. TD Cowen boosted their price target on PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group upped their price target on shares of PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. dropped their price objective on PACCAR from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada started coverage on PACCAR in a research note on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 target price for the company. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.62.

View Our Latest Analysis on PCAR

Insider Buying and Selling

In other news, VP Michael K. Walton sold 9,123 shares of PACCAR stock in a transaction on Monday, May 6th. The shares were sold at an average price of $105.11, for a total transaction of $958,918.53. Following the transaction, the vice president now directly owns 1,468 shares of the company’s stock, valued at $154,301.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other PACCAR news, VP Michael K. Walton sold 9,123 shares of PACCAR stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $105.11, for a total value of $958,918.53. Following the sale, the vice president now owns 1,468 shares of the company’s stock, valued at approximately $154,301.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R Preston Feight sold 33,850 shares of PACCAR stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $106.18, for a total transaction of $3,594,193.00. Following the completion of the sale, the chief executive officer now owns 154,430 shares in the company, valued at $16,397,377.40. The disclosure for this sale can be found here. Insiders have sold 45,040 shares of company stock valued at $4,779,241 in the last 90 days. 2.02% of the stock is owned by insiders.

About PACCAR

(Free Report)

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.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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