Quantbot Technologies LP Acquires 18,435 Shares of PACCAR Inc. $PCAR

Quantbot Technologies LP increased its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 148.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,847 shares of the company’s stock after acquiring an additional 18,435 shares during the period. Quantbot Technologies LP’s holdings in PACCAR were worth $3,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP increased its holdings in PACCAR by 20.1% during the 1st quarter. Wellington Management Group LLP now owns 20,177,930 shares of the company’s stock worth $1,964,725,000 after acquiring an additional 3,379,165 shares during the period. Korea Investment CORP increased its holdings in PACCAR by 29.8% during the 1st quarter. Korea Investment CORP now owns 445,513 shares of the company’s stock worth $43,380,000 after acquiring an additional 102,275 shares during the period. Alpha Family Trust increased its holdings in PACCAR by 61.4% during the 1st quarter. Alpha Family Trust now owns 3,676 shares of the company’s stock worth $358,000 after acquiring an additional 1,399 shares during the period. Northern Trust Corp increased its holdings in PACCAR by 0.5% during the 1st quarter. Northern Trust Corp now owns 7,239,967 shares of the company’s stock worth $704,956,000 after acquiring an additional 37,609 shares during the period. Finally, Brooklyn Investment Group increased its holdings in PACCAR by 33.4% during the 1st quarter. Brooklyn Investment Group now owns 6,070 shares of the company’s stock worth $591,000 after acquiring an additional 1,521 shares during the period. Institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $98.18 on Thursday. The company’s fifty day moving average price is $96.60 and its 200-day moving average price is $96.95. The firm has a market capitalization of $51.55 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 3.99 and a beta of 0.91. PACCAR Inc. has a one year low of $84.65 and a one year high of $118.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.02 and a quick ratio of 2.80.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. PACCAR had a net margin of 9.88% and a return on equity of 18.25%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $7.02 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, equities research analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.32 annualized dividend and a dividend yield of 1.3%. PACCAR’s dividend payout ratio (DPR) is currently 22.60%.

Insider Buying and Selling at PACCAR

In related news, CEO R Preston Feight sold 39,965 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $99.52, for a total transaction of $3,977,316.80. Following the transaction, the chief executive officer owned 223,190 shares of the company’s stock, valued at approximately $22,211,868.80. This trade represents a 15.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brice J. Poplawski sold 5,000 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $100.94, for a total transaction of $504,700.00. Following the transaction, the chief financial officer directly owned 468 shares in the company, valued at approximately $47,239.92. This represents a 91.44% decrease in their position. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PCAR has been the topic of a number of analyst reports. Vertical Research raised shares of PACCAR to a “strong-buy” rating in a report on Wednesday, July 23rd. Truist Financial decreased their target price on shares of PACCAR from $102.00 to $98.00 and set a “hold” rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada decreased their target price on shares of PACCAR from $106.00 to $97.00 and set a “sector perform” rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on shares of PACCAR from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.68.

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.