PACCAR Inc. $PCAR Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in PACCAR Inc. (NASDAQ:PCAR) by 10.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 326,204 shares of the company’s stock after selling 39,735 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in PACCAR were worth $31,009,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hazlett Burt & Watson Inc. lifted its holdings in PACCAR by 53.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Bayforest Capital Ltd lifted its stake in shares of PACCAR by 234.2% in the first quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock valued at $38,000 after purchasing an additional 274 shares during the period. Accent Capital Management LLC acquired a new stake in shares of PACCAR in the first quarter valued at about $40,000. Hantz Financial Services Inc. boosted its holdings in PACCAR by 43.8% during the second quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $42,000 after buying an additional 134 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in PACCAR during the second quarter worth about $43,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insider Buying and Selling

In related news, CFO Brice J. Poplawski sold 3,369 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $101.15, for a total value of $340,774.35. Following the transaction, the chief financial officer owned 468 shares in the company, valued at approximately $47,338.20. This trade represents a 87.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.02% of the company’s stock.

PACCAR Price Performance

PCAR stock opened at $94.15 on Tuesday. The stock has a market capitalization of $49.45 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 4.11 and a beta of 0.95. The stock’s fifty day simple moving average is $98.14 and its 200-day simple moving average is $96.76. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $118.81. The company has a quick ratio of 1.51, a current ratio of 1.82 and a debt-to-equity ratio of 0.57.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The business had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $6.23 billion. During the same quarter last year, the firm earned $1.85 EPS. The firm’s quarterly revenue was down 20.7% compared to the same quarter last year. Equities research analysts expect that PACCAR Inc. will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, November 12th. PACCAR’s dividend payout ratio is 25.83%.

Analyst Ratings Changes

PCAR has been the subject of a number of research reports. Argus upgraded shares of PACCAR from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Monday, July 28th. Jefferies Financial Group reaffirmed a “hold” rating and set a $90.00 price objective on shares of PACCAR in a report on Tuesday, October 21st. Wolfe Research raised PACCAR from an “underperform” rating to a “peer perform” rating in a report on Wednesday, October 22nd. Raymond James Financial reaffirmed a “market perform” rating on shares of PACCAR in a research note on Tuesday, October 21st. Finally, Evercore ISI set a $114.00 price objective on shares of PACCAR and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, PACCAR presently has a consensus rating of “Hold” and an average price target of $106.54.

About PACCAR

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.