52,827 Shares in PACCAR Inc. $PCAR Bought by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA bought a new stake in PACCAR Inc. (NASDAQ:PCAR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 52,827 shares of the company’s stock, valued at approximately $5,194,000.

Other institutional investors also recently made changes to their positions in the company. Private Wealth Management Group LLC increased its holdings in shares of PACCAR by 293.1% in the 3rd quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares in the last quarter. AlphaQuest LLC purchased a new position in PACCAR in the third quarter valued at about $38,000. Westside Investment Management Inc. increased its holdings in PACCAR by 100.0% in the third quarter. Westside Investment Management Inc. now owns 432 shares of the company’s stock valued at $42,000 after buying an additional 216 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of PACCAR by 121.4% during the 3rd quarter. Rothschild Investment LLC now owns 828 shares of the company’s stock valued at $81,000 after acquiring an additional 454 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of PACCAR during the 2nd quarter worth approximately $81,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

PACCAR Stock Down 1.4%

PCAR opened at $119.02 on Wednesday. The firm has a market cap of $62.59 billion, a P/E ratio of 26.39, a PEG ratio of 1.01 and a beta of 1.03. The business’s fifty day simple moving average is $122.39 and its 200 day simple moving average is $108.96. PACCAR Inc. has a 52 week low of $84.65 and a 52 week high of $131.88. The company has a quick ratio of 2.79, a current ratio of 2.98 and a debt-to-equity ratio of 0.55.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.06 billion. PACCAR had a net margin of 8.35% and a return on equity of 13.97%. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period last year, the company earned $1.66 EPS. As a group, equities research analysts anticipate that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PCAR. Morgan Stanley set a $109.00 price objective on PACCAR and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Zacks Research upgraded PACCAR from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Wall Street Zen upgraded shares of PACCAR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Citigroup increased their price objective on shares of PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, PACCAR has an average rating of “Hold” and an average price target of $116.50.

Insider Activity

In other PACCAR news, CFO Brice J. Poplawski sold 2,200 shares of PACCAR stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $130.41, for a total value of $286,902.00. Following the completion of the sale, the chief financial officer directly owned 903 shares of the company’s stock, valued at approximately $117,760.23. The trade was a 70.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paulo Henrique Bolgar sold 12,183 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $122.43, for a total value of $1,491,564.69. Following the completion of the transaction, the vice president owned 6,274 shares of the company’s stock, valued at $768,125.82. This trade represents a 66.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 133,105 shares of company stock valued at $16,869,046 in the last 90 days. Insiders own 2.02% of the company’s stock.

About PACCAR

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.