WINTON GROUP Ltd Invests $1.04 Million in PACCAR Inc (NASDAQ:PCAR)

WINTON GROUP Ltd purchased a new stake in shares of PACCAR Inc (NASDAQ:PCAR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 9,949 shares of the company’s stock, valued at approximately $1,035,000.

Several other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in PACCAR in the fourth quarter worth about $37,000. Kestra Investment Management LLC acquired a new stake in shares of PACCAR during the 4th quarter worth approximately $37,000. Atala Financial Inc bought a new stake in shares of PACCAR in the 4th quarter worth approximately $43,000. Regents Gate Capital LLP bought a new position in PACCAR during the 4th quarter worth $44,000. Finally, OFI Invest Asset Management bought a new stake in PACCAR in the fourth quarter valued at $43,000. 64.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PCAR has been the subject of several recent analyst reports. Evercore ISI decreased their target price on shares of PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Citigroup decreased their price objective on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Bank of America raised PACCAR from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. UBS Group lowered PACCAR from a “buy” rating to a “neutral” rating and decreased their price target for the company from $124.00 to $108.00 in a research note on Tuesday, March 18th. Finally, Melius raised PACCAR from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.38.

PACCAR Price Performance

NASDAQ PCAR opened at $96.91 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $124.39. The company has a market cap of $50.87 billion, a PE ratio of 12.25, a PEG ratio of 2.77 and a beta of 0.91. The stock’s 50-day moving average price is $105.19 and its two-hundred day moving average price is $106.55.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. On average, analysts predict that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from PACCAR’s previous quarterly dividend of $0.30. PACCAR’s dividend payout ratio is presently 16.69%.

Insider Transactions at PACCAR

In other news, CEO R Preston Feight sold 25,200 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $110.98, for a total value of $2,796,696.00. Following the transaction, the chief executive officer now owns 206,129 shares in the company, valued at $22,876,196.42. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darrin C. Siver sold 103,671 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the sale, the executive vice president now directly owns 61,005 shares of the company’s stock, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock valued at $18,261,908 over the last quarter. Company insiders own 2.02% of the company’s stock.

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.