6,694 Shares in PACCAR Inc (NASDAQ:PCAR) Purchased by Baring Financial LLC

Baring Financial LLC bought a new stake in PACCAR Inc (NASDAQ:PCAR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,694 shares of the company’s stock, valued at approximately $696,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PCAR. Swedbank AB boosted its stake in PACCAR by 0.3% during the fourth quarter. Swedbank AB now owns 332,222 shares of the company’s stock worth $34,558,000 after buying an additional 896 shares during the period. Smith Group Asset Management LLC purchased a new stake in PACCAR during the 4th quarter worth approximately $624,000. Twelve Points Wealth Management LLC boosted its position in PACCAR by 16.1% in the 4th quarter. Twelve Points Wealth Management LLC now owns 13,987 shares of the company’s stock valued at $1,455,000 after buying an additional 1,944 shares during the period. BSW Wealth Partners increased its position in shares of PACCAR by 2.5% during the fourth quarter. BSW Wealth Partners now owns 4,663 shares of the company’s stock worth $485,000 after acquiring an additional 112 shares during the period. Finally, Bensler LLC purchased a new position in PACCAR in the fourth quarter valued at $207,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Stock Up 3.4 %

Shares of PACCAR stock opened at $110.89 on Thursday. The company has a market cap of $58.14 billion, a P/E ratio of 12.39, a PEG ratio of 2.77 and a beta of 0.93. The firm has a fifty day moving average of $110.45 and a two-hundred day moving average of $104.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a net margin of 13.51% and a return on equity of 27.24%. On average, analysts forecast that PACCAR Inc will post 7.93 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a dividend of $3.00 per share. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR’s payout ratio is 13.41%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PCAR shares. Jefferies Financial Group cut PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Friday, December 6th. BNP Paribas upgraded PACCAR to a “hold” rating in a research note on Wednesday, October 16th. Citigroup decreased their target price on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley dropped their price target on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of PACCAR from $122.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.32.

Insider Buying and Selling

In related news, CEO R Preston Feight sold 27,191 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $103.52, for a total value of $2,814,812.32. Following the sale, the chief executive officer now directly owns 171,776 shares in the company, valued at $17,782,251.52. The trade was a 13.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.02% of the company’s stock.

PACCAR 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.