PACCAR Inc (NASDAQ:PCAR) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in PACCAR Inc (NASDAQ:PCAR) by 15.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 631,369 shares of the company’s stock after purchasing an additional 86,215 shares during the quarter. American Century Companies Inc. owned approximately 0.12% of PACCAR worth $65,675,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of PACCAR during the 4th quarter valued at about $37,000. Kestra Investment Management LLC purchased a new stake in PACCAR in the fourth quarter valued at approximately $37,000. Atala Financial Inc acquired a new position in PACCAR during the fourth quarter worth approximately $43,000. Regents Gate Capital LLP acquired a new position in PACCAR during the fourth quarter worth approximately $44,000. Finally, OFI Invest Asset Management purchased a new position in PACCAR during the fourth quarter worth approximately $43,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PCAR. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. Melius Research raised PACCAR to a “strong-buy” rating in a research report on Tuesday, March 18th. UBS Group downgraded PACCAR from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $124.00 to $108.00 in a report on Tuesday, March 18th. Jefferies Financial Group cut PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a report on Friday, December 6th. Finally, Evercore ISI cut their price target on shares of PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.23.

PACCAR Price Performance

PCAR opened at $99.24 on Wednesday. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50. The firm has a market cap of $52.09 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 2.77 and a beta of 0.91. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $105.88 and a 200 day simple moving average of $106.65.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. Equities research analysts expect that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from PACCAR’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 12th. PACCAR’s dividend payout ratio is presently 16.69%.

Insider Activity

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the transaction, the vice president now directly owns 5,463 shares in the company, valued at $612,129.15. This represents a 26.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Darrin C. Siver sold 103,671 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the sale, the executive vice president now directly owns 61,005 shares of the company’s stock, valued at $6,805,717.80. The trade was a 62.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 165,547 shares of company stock worth $18,261,908. 2.02% of the stock is currently owned by insiders.

PACCAR Company Profile

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.