14,000 Shares in PACCAR Inc. $PCAR Purchased by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co acquired a new position in shares of PACCAR Inc. (NASDAQ:PCAR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,000 shares of the company’s stock, valued at approximately $1,533,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ares Financial Consulting LLC acquired a new stake in shares of PACCAR during the fourth quarter worth approximately $27,000. Wealth Watch Advisors INC purchased a new position in PACCAR during the third quarter valued at approximately $32,000. Camelot Portfolios LLC acquired a new position in PACCAR in the 4th quarter valued at approximately $33,000. AlphaQuest LLC acquired a new position in PACCAR in the 3rd quarter valued at approximately $38,000. Finally, True Wealth Design LLC lifted its position in PACCAR by 61.1% in the 4th quarter. True Wealth Design LLC now owns 364 shares of the company’s stock worth $40,000 after buying an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Analyst Ratings Changes

PCAR has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of PACCAR from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday. Morgan Stanley set a $109.00 price objective on PACCAR and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. BNP Paribas Exane initiated coverage on PACCAR in a research report on Tuesday, March 31st. They set a “neutral” rating and a $126.00 price objective for the company. Wells Fargo & Company set a $125.00 target price on PACCAR and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $117.83.

PACCAR Stock Down 2.3%

Shares of PACCAR stock opened at $116.09 on Friday. The stock has a market capitalization of $61.09 billion, a P/E ratio of 24.70, a PEG ratio of 1.08 and a beta of 1.02. The company has a quick ratio of 2.79, a current ratio of 3.11 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $120.92 and a two-hundred day moving average price of $114.37. PACCAR Inc. has a 12-month low of $88.35 and a 12-month high of $131.88.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, April 28th. The company reported $1.15 EPS for the quarter, meeting analysts’ consensus estimates of $1.15. PACCAR had a net margin of 8.91% and a return on equity of 12.81%. The company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. Equities analysts expect that PACCAR Inc. will post 5.6 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be issued a $0.35 dividend. This is a boost from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 13th. This represents a $1.40 annualized dividend and a yield of 1.2%. PACCAR’s payout ratio is 28.09%.

Insider Activity

In other PACCAR news, EVP C Michael Dozier sold 79,076 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $127.92, for a total transaction of $10,115,401.92. Following the completion of the transaction, the executive vice president owned 34,656 shares of the company’s stock, valued at $4,433,195.52. The trade was a 69.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kevin D. Baney sold 9,672 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $126.53, for a total transaction of $1,223,798.16. Following the sale, the executive vice president owned 12,592 shares of the company’s stock, valued at $1,593,265.76. This trade represents a 43.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 111,664 shares of company stock worth $14,244,394. Insiders own 1.99% of the company’s stock.

About PACCAR

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.