von Borstel & Associates Inc. Acquires 13,893 Shares of PACCAR Inc. $PCAR

von Borstel & Associates Inc. grew its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 239.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,685 shares of the company’s stock after acquiring an additional 13,893 shares during the quarter. von Borstel & Associates Inc.’s holdings in PACCAR were worth $1,948,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PCAR. Foundations Investment Advisors LLC increased its holdings in PACCAR by 3.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,640 shares of the company’s stock worth $358,000 after buying an additional 108 shares in the last quarter. Matrix Trust Co grew its position in shares of PACCAR by 3.9% during the third quarter. Matrix Trust Co now owns 2,948 shares of the company’s stock worth $290,000 after purchasing an additional 110 shares in the last quarter. Forbes J M & Co. LLP lifted its position in shares of PACCAR by 4.3% in the third quarter. Forbes J M & Co. LLP now owns 2,664 shares of the company’s stock worth $262,000 after buying an additional 111 shares in the last quarter. Parallel Advisors LLC raised its stake in PACCAR by 1.6% during the third quarter. Parallel Advisors LLC now owns 7,715 shares of the company’s stock valued at $759,000 after purchasing an additional 118 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in PACCAR by 4.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,860 shares of the company’s stock valued at $281,000 after buying an additional 119 shares during the period. 64.90% of the stock is currently owned by institutional investors.

PACCAR Stock Performance

NASDAQ PCAR opened at $115.34 on Friday. PACCAR Inc. has a 1 year low of $84.65 and a 1 year high of $131.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.98 and a quick ratio of 2.79. The company has a market capitalization of $60.66 billion, a PE ratio of 25.57, a P/E/G ratio of 0.98 and a beta of 1.03. The company has a fifty day moving average of $122.79 and a two-hundred day moving average of $109.18.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.06 billion. PACCAR had a net margin of 8.35% and a return on equity of 13.97%. The firm’s revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share. As a group, analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Paulo Henrique Bolgar sold 12,183 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $122.43, for a total transaction of $1,491,564.69. Following the sale, the vice president owned 6,274 shares in the company, valued at approximately $768,125.82. This represents a 66.01% 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, CEO R Preston Feight sold 9,258 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $129.70, for a total value of $1,200,762.60. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 133,105 shares of company stock valued at $16,869,046. 2.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PCAR shares. Citigroup upped their price target on shares of PACCAR from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Wells Fargo & Company set a $119.00 price objective on shares of PACCAR and gave the company an “equal weight” rating in a report on Friday, January 23rd. Sanford C. Bernstein restated an “outperform” rating on shares of PACCAR in a research report on Tuesday, February 24th. Zacks Research raised PACCAR from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Morgan Stanley set a $109.00 price target on PACCAR and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $116.50.

PACCAR 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.