Nisa Investment Advisors LLC Purchases 8,375 Shares of PACCAR Inc. $PCAR

Nisa Investment Advisors LLC increased its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 3.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 224,875 shares of the company’s stock after purchasing an additional 8,375 shares during the quarter. Nisa Investment Advisors LLC’s holdings in PACCAR were worth $24,944,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PCAR. Brighton Jones LLC raised its position in PACCAR by 0.3% in the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock worth $9,258,000 after purchasing an additional 290 shares during the period. Focus Partners Wealth boosted its stake in shares of PACCAR by 15.4% during the first quarter. Focus Partners Wealth now owns 13,604 shares of the company’s stock valued at $1,324,000 after purchasing an additional 1,812 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of PACCAR by 5.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 51,417 shares of the company’s stock worth $4,888,000 after purchasing an additional 2,461 shares during the last quarter. Quadrature Capital Ltd bought a new position in PACCAR in the 2nd quarter worth about $279,000. Finally, Mackenzie Financial Corp increased its holdings in PACCAR by 10.4% during the 2nd quarter. Mackenzie Financial Corp now owns 95,501 shares of the company’s stock worth $9,078,000 after purchasing an additional 9,027 shares during the period. 64.90% of the stock is currently owned by institutional investors.

PACCAR Price Performance

Shares of NASDAQ PCAR opened at $115.50 on Wednesday. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $131.88. The company has a market cap of $60.78 billion, a PE ratio of 25.61, a P/E/G ratio of 0.94 and a beta of 1.03. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.79 and a current ratio of 2.98. The business has a 50-day simple moving average of $121.77 and a two-hundred day simple moving average of $110.57.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.06 billion. PACCAR had a net margin of 8.35% and a return on equity of 13.97%. PACCAR’s revenue was down 15.1% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. As a group, equities analysts expect that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on PCAR. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Zacks Research raised shares of PACCAR from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Morgan Stanley set a $109.00 target price on shares of PACCAR and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of PACCAR in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of PACCAR from $133.00 to $142.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $117.00.

Insider Buying and Selling at PACCAR

In other news, CFO Brice J. Poplawski sold 2,200 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $130.41, for a total transaction of $286,902.00. Following the sale, the chief financial officer directly owned 903 shares of the company’s stock, valued at $117,760.23. The trade was a 70.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paulo Henrique Bolgar sold 12,183 shares of the company’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 directly owned 6,274 shares in the company, valued at approximately $768,125.82. The trade was a 66.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 133,105 shares of company stock worth $16,869,046 in the last three months. 1.99% of the stock is owned by company insiders.

PACCAR Profile

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.