Savant Capital LLC Acquires 3,524 Shares of PACCAR Inc (NASDAQ:PCAR)

Savant Capital LLC raised its holdings in PACCAR Inc (NASDAQ:PCAR) by 55.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,864 shares of the company’s stock after buying an additional 3,524 shares during the quarter. Savant Capital LLC’s holdings in PACCAR were worth $963,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PCAR. Raymond James Financial Services Advisors Inc. grew its holdings in shares of PACCAR by 18.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 107,018 shares of the company’s stock valued at $10,450,000 after acquiring an additional 16,360 shares in the last quarter. abrdn plc increased its position in shares of PACCAR by 50.9% during the 4th quarter. abrdn plc now owns 264,756 shares of the company’s stock valued at $25,853,000 after purchasing an additional 89,359 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of PACCAR during the 3rd quarter worth $319,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in PACCAR by 42.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 558,909 shares of the company’s stock valued at $47,518,000 after buying an additional 166,628 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in PACCAR by 29.6% during the fourth quarter. Pacer Advisors Inc. now owns 71,727 shares of the company’s stock worth $7,004,000 after buying an additional 16,390 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Price Performance

Shares of PCAR stock opened at $104.79 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 1.69. The firm has a market cap of $54.91 billion, a P/E ratio of 10.87, a P/E/G ratio of 1.66 and a beta of 0.96. The business’s 50 day moving average price is $116.54 and its 200-day moving average price is $102.39. PACCAR Inc has a fifty-two week low of $68.40 and a fifty-two week high of $125.50.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. PACCAR had a net margin of 14.30% and a return on equity of 31.71%. The business had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.25 billion. During the same period in the previous year, the firm earned $2.25 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that PACCAR Inc will post 8.24 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, May 14th. This is a boost from PACCAR’s previous quarterly dividend of $0.27. PACCAR’s dividend payout ratio is 11.20%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group upgraded PACCAR from a “neutral” rating to a “buy” rating and upped their price objective for the company from $104.00 to $136.00 in a research note on Friday, March 15th. TD Cowen increased their price target on PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. lowered their price objective on PACCAR from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday. The Goldman Sachs Group upped their price objective on shares of PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Evercore ISI lifted their target price on shares of PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.62.

Insider Buying and Selling at PACCAR

In other news, CFO Harrie Schippers sold 32,797 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.08, for a total value of $3,479,105.76. Following the sale, the chief financial officer now directly owns 103,547 shares of the company’s stock, valued at approximately $10,984,265.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the transaction, the vice president now directly owns 5,726 shares in the company, valued at $607,814.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Harrie Schippers sold 32,797 shares of PACCAR stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $106.08, for a total value of $3,479,105.76. Following the completion of the transaction, the chief financial officer now directly owns 103,547 shares of the company’s stock, valued at approximately $10,984,265.76. The disclosure for this sale can be found here. 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.