Natixis Advisors LLC Raises Position in PACCAR Inc. $PCAR

Natixis Advisors LLC raised its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 16.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,304,343 shares of the company’s stock after buying an additional 182,714 shares during the quarter. Natixis Advisors LLC owned about 0.25% of PACCAR worth $128,243,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. JT Stratford LLC purchased a new position in shares of PACCAR during the second quarter worth about $1,301,000. National Pension Service lifted its position in PACCAR by 5.5% during the third quarter. National Pension Service now owns 939,146 shares of the company’s stock valued at $92,337,000 after purchasing an additional 48,711 shares during the last quarter. AE Wealth Management LLC grew its stake in PACCAR by 29.1% in the 3rd quarter. AE Wealth Management LLC now owns 39,594 shares of the company’s stock worth $3,893,000 after buying an additional 8,932 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of PACCAR by 77.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 238,074 shares of the company’s stock worth $22,631,000 after buying an additional 103,664 shares during the last quarter. Finally, Machina Capital S.A.S. bought a new position in shares of PACCAR in the 3rd quarter worth $2,231,000. 64.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company set a $119.00 price objective on shares of PACCAR and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Morgan Stanley set a $109.00 price target on PACCAR and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. upped their price objective on PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $116.50.

Insider Buying and Selling

In related news, CEO R Preston Feight sold 9,258 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $129.70, for a total transaction of $1,200,762.60. Following the transaction, the chief executive officer owned 258,566 shares in the company, valued at $33,536,010.20. The trade was a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brice J. Poplawski sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $130.41, for a total value of $286,902.00. Following the transaction, the chief financial officer directly owned 903 shares of the company’s stock, valued at $117,760.23. The trade was a 70.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 133,105 shares of company stock valued at $16,869,046 over the last ninety days. Corporate insiders own 2.02% of the company’s stock.

PACCAR Trading Down 2.4%

NASDAQ:PCAR opened at $120.43 on Monday. The firm has a market capitalization of $63.33 billion, a P/E ratio of 26.70, a P/E/G ratio of 1.01 and a beta of 1.03. 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 company has a fifty day moving average of $122.05 and a 200 day moving average of $108.67. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $131.88.

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

PACCAR Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $1.32 annualized dividend and a dividend yield of 1.1%. PACCAR’s dividend payout ratio (DPR) is presently 29.27%.

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.