PACCAR Inc (NASDAQ:PCAR) Holdings Raised by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC grew its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 28.9% during the 4th quarter, HoldingsChannel reports. The fund owned 933 shares of the company’s stock after acquiring an additional 209 shares during the period. Coppell Advisory Solutions LLC’s holdings in PACCAR were worth $97,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in PACCAR in the fourth quarter valued at about $526,922,000. Wellington Management Group LLP grew its stake in shares of PACCAR by 25.0% in the 4th quarter. Wellington Management Group LLP now owns 16,798,765 shares of the company’s stock valued at $1,747,408,000 after buying an additional 3,364,650 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in PACCAR in the fourth quarter worth approximately $254,651,000. JPMorgan Chase & Co. raised its position in PACCAR by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 3,515,184 shares of the company’s stock valued at $346,878,000 after acquiring an additional 1,164,692 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in PACCAR by 5.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,767,134 shares of the company’s stock valued at $1,119,997,000 after acquiring an additional 572,231 shares during the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PCAR has been the topic of several analyst reports. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and increased their price target for the stock from $116.00 to $121.50 in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on PACCAR from $121.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Melius upgraded PACCAR from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. UBS Group downgraded PACCAR from a “neutral” rating to a “sell” rating and cut their price objective for the company from $108.00 to $78.00 in a research note on Monday, April 7th. Finally, Morgan Stanley cut PACCAR from an “overweight” rating to an “equal weight” rating and set a $96.00 target price for the company. in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PACCAR presently has a consensus rating of “Hold” and an average price target of $108.59.

PACCAR Price Performance

NASDAQ:PCAR opened at $91.89 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. PACCAR Inc has a one year low of $85.05 and a one year high of $118.81. The company has a fifty day moving average price of $97.55 and a 200 day moving average price of $105.35. The stock has a market cap of $48.24 billion, a P/E ratio of 11.62, a PEG ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 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%. Analysts anticipate that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given 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 1.44%. This is an increase from PACCAR’s previous quarterly dividend of $0.30. PACCAR’s dividend payout ratio (DPR) is currently 16.69%.

Insider Transactions at PACCAR

In other news, VP Michael K. Walton sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total transaction of $636,780.00. Following the completion of the transaction, the vice president now directly owns 951 shares of the company’s stock, valued at approximately $100,929.63. This trade represents a 86.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the sale, the vice president now owns 5,463 shares in the company, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,547 shares of company stock valued at $18,261,908. 2.02% of the stock is owned by corporate insiders.

PACCAR 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.