AG2R LA Mondiale Gestion D Actifs Has $2.01 Million Position in PACCAR Inc. $PCAR

AG2R LA Mondiale Gestion D Actifs increased its stake in shares of PACCAR Inc. (NASDAQ:PCAR) by 4.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 21,093 shares of the company’s stock after buying an additional 904 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in PACCAR were worth $2,005,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in PACCAR by 1.8% during the first quarter. Vanguard Group Inc. now owns 62,995,929 shares of the company’s stock worth $6,133,914,000 after buying an additional 1,113,520 shares in the last quarter. Wellington Management Group LLP grew its position in PACCAR by 20.1% during the first quarter. Wellington Management Group LLP now owns 20,177,930 shares of the company’s stock worth $1,964,725,000 after buying an additional 3,379,165 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in PACCAR by 9.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 11,754,939 shares of the company’s stock worth $1,144,578,000 after buying an additional 987,805 shares in the last quarter. Northern Trust Corp grew its position in PACCAR by 0.5% during the first quarter. Northern Trust Corp now owns 7,239,967 shares of the company’s stock worth $704,956,000 after buying an additional 37,609 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in PACCAR by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 6,104,056 shares of the company’s stock worth $594,277,000 after buying an additional 97,197 shares in the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PCAR. JPMorgan Chase & Co. increased their price target on shares of PACCAR from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings lowered shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. Raymond James Financial reiterated a “market perform” rating on shares of PACCAR in a research report on Tuesday. Truist Financial increased their price target on shares of PACCAR from $97.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Wolfe Research upgraded shares of PACCAR from an “underperform” rating to a “peer perform” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PACCAR presently has an average rating of “Hold” and an average target price of $106.59.

Insider Buying and Selling

In related news, CEO R Preston Feight sold 39,965 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $99.52, for a total value of $3,977,316.80. Following the completion of the transaction, the chief executive officer owned 223,190 shares of the company’s stock, valued at $22,211,868.80. This represents a 15.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.02% of the stock is currently owned by insiders.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $100.13 on Friday. The company has a market cap of $52.58 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 4.15 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.82 and a quick ratio of 2.80. The firm has a 50 day simple moving average of $98.52 and a 200 day simple moving average of $95.77. PACCAR Inc. has a one year low of $84.65 and a one year high of $118.81.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.23 billion. PACCAR had a net margin of 9.11% and a return on equity of 16.01%. PACCAR’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.85 EPS. Research analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.32 annualized dividend and a yield of 1.3%. PACCAR’s dividend payout ratio is presently 25.83%.

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.