15,742 Shares in PACCAR Inc. $PCAR Purchased by Highview Capital Management LLC DE

Highview Capital Management LLC DE acquired a new position in PACCAR Inc. (NASDAQ:PCAR) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 15,742 shares of the company’s stock, valued at approximately $1,724,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its holdings in shares of PACCAR by 2,389.2% during the 3rd quarter. Pacer Advisors Inc. now owns 2,010,837 shares of the company’s stock valued at $197,705,000 after acquiring an additional 1,930,056 shares during the last quarter. American Century Companies Inc. grew its holdings in PACCAR by 235.9% in the 3rd quarter. American Century Companies Inc. now owns 2,540,688 shares of the company’s stock valued at $249,801,000 after buying an additional 1,784,236 shares during the last quarter. Capital Research Global Investors grew its holdings in PACCAR by 20.3% in the 3rd quarter. Capital Research Global Investors now owns 5,971,153 shares of the company’s stock valued at $587,084,000 after buying an additional 1,009,134 shares during the last quarter. Capital World Investors grew its holdings in PACCAR by 11,269.8% in the 3rd quarter. Capital World Investors now owns 807,712 shares of the company’s stock valued at $79,414,000 after buying an additional 800,608 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in PACCAR in the 3rd quarter valued at approximately $76,435,000. Institutional investors own 64.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PCAR shares. Morgan Stanley set a $109.00 price objective on PACCAR and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Truist Financial raised their price target on PACCAR from $108.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Wells Fargo & Company set a $119.00 target price on PACCAR and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Citigroup lifted their target price on PACCAR from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $117.42.

PACCAR Price Performance

PACCAR stock opened at $128.31 on Tuesday. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $131.88. The stock’s 50 day moving average is $121.37 and its 200-day moving average is $112.93. The company has a current ratio of 2.98, a quick ratio of 2.79 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $67.52 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.06 and a beta of 1.06.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.06 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The firm’s revenue for the quarter was down 15.1% on a year-over-year basis. Equities research analysts expect that PACCAR Inc. will post 5.55 EPS for the current year.

Insider Buying and Selling at PACCAR

In related news, CFO Brice J. Poplawski sold 2,200 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $130.41, for a total transaction of $286,902.00. Following the sale, the chief financial officer owned 903 shares of the company’s stock, valued at $117,760.23. This represents a 70.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO R Preston Feight sold 9,258 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $129.70, for a total value of $1,200,762.60. Following the sale, the chief executive officer directly owned 258,566 shares in the company, valued at $33,536,010.20. This represents a 3.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 133,105 shares of company stock valued at $16,869,046 over the last ninety days. 1.99% of the stock is owned by corporate insiders.

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.