PACCAR Inc (NASDAQ:PCAR) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of PACCAR Inc (NASDAQ:PCAR) by 23.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 863,184 shares of the company’s stock after buying an additional 163,192 shares during the quarter. Natixis Advisors LLC owned about 0.16% of PACCAR worth $85,179,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. BDF Gestion acquired a new position in shares of PACCAR in the 2nd quarter valued at $2,862,000. Mengis Capital Management Inc. raised its holdings in shares of PACCAR by 2.9% in the third quarter. Mengis Capital Management Inc. now owns 191,157 shares of the company’s stock valued at $18,863,000 after buying an additional 5,433 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of PACCAR in the first quarter valued at about $1,359,000. Comerica Bank boosted its stake in shares of PACCAR by 8.7% during the first quarter. Comerica Bank now owns 162,864 shares of the company’s stock worth $20,177,000 after buying an additional 13,075 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of PACCAR by 28.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 24,790 shares of the company’s stock worth $2,552,000 after buying an additional 5,437 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Price Performance

PCAR stock opened at $112.26 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25. The stock’s 50 day moving average price is $104.03 and its 200 day moving average price is $102.80. The firm has a market cap of $58.86 billion, a P/E ratio of 12.54, a PEG ratio of 1.76 and a beta of 0.89. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $125.50.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.03. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The business had revenue of $8.24 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the company earned $2.34 earnings per share. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, sell-side analysts expect that PACCAR Inc will post 7.98 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, November 13th. PACCAR’s dividend payout ratio is presently 13.41%.

Insider Activity at PACCAR

In other PACCAR news, CFO Harrie Schippers sold 20,000 shares of PACCAR stock in a transaction on Monday, October 28th. The shares were sold at an average price of $106.93, for a total value of $2,138,600.00. Following the transaction, the chief financial officer now owns 105,558 shares in the company, valued at $11,287,316.94. This trade represents a 15.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 of the company’s stock, valued at approximately $17,782,251.52. This trade represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,315 shares of company stock valued at $6,358,552. Company insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PCAR shares. Truist Financial increased their price objective on PACCAR from $103.00 to $107.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price target on shares of PACCAR from $100.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $99.00 to $129.00 in a research note on Wednesday. StockNews.com upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley decreased their price objective on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, PACCAR currently has a consensus rating of “Hold” and an average target price of $116.55.

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.