Vident Advisory LLC Purchases 4,218 Shares of PACCAR Inc (NASDAQ:PCAR)

Vident Advisory LLC lifted its position in shares of PACCAR Inc (NASDAQ:PCAR) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,178 shares of the company’s stock after purchasing an additional 4,218 shares during the period. Vident Advisory LLC’s holdings in PACCAR were worth $4,179,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PCAR. JPMorgan Chase & Co. lifted its position in shares of 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 purchasing an additional 1,164,692 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of PACCAR by 99.0% during the fourth quarter. Merit Financial Group LLC now owns 8,089 shares of the company’s stock valued at $841,000 after purchasing an additional 4,025 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of PACCAR by 5.6% during the fourth quarter. Ballentine Partners LLC now owns 6,203 shares of the company’s stock valued at $645,000 after purchasing an additional 327 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of PACCAR by 0.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 25,972 shares of the company’s stock valued at $2,702,000 after purchasing an additional 167 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its position in shares of PACCAR by 10.1% during the fourth quarter. Atomi Financial Group Inc. now owns 4,574 shares of the company’s stock valued at $476,000 after purchasing an additional 419 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

PACCAR Price Performance

PCAR opened at $96.50 on Wednesday. The company has a market capitalization of $50.66 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 2.77 and a beta of 0.96. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $93.19 and a 200-day moving average price of $103.76. PACCAR Inc has a twelve month low of $84.65 and a twelve month high of $118.81.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.12). The firm had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.13 billion. PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The business’s revenue was down 16.0% on a year-over-year basis. During the same period last year, the company posted $2.27 EPS. Equities analysts expect that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Wednesday, May 14th. PACCAR’s dividend payout ratio (DPR) is presently 20.00%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley lowered shares of PACCAR from an “overweight” rating to an “equal weight” rating and set a $96.00 price target on the stock. in a research report on Wednesday, April 16th. Truist Financial lowered their price objective on shares of PACCAR from $113.00 to $104.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. UBS Group lowered shares of PACCAR from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $108.00 to $78.00 in a research report on Monday, April 7th. Citigroup lowered their price objective on shares of PACCAR from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada lowered their price objective on shares of PACCAR from $106.00 to $97.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.14.

Insider Buying and Selling

In other news, Director Pierre R. Breber bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average price of $89.78 per share, with a total value of $448,900.00. Following the acquisition, the director now owns 13,015 shares of the company’s stock, valued at approximately $1,168,486.70. The trade was a 62.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.02% of the stock is currently owned by 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.