WINTON GROUP Ltd Invests $1.40 Million in PACCAR Inc. $PCAR

WINTON GROUP Ltd acquired a new position in shares of PACCAR Inc. (NASDAQ:PCAR) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,667 shares of the company’s stock, valued at approximately $1,401,000.

Several other institutional investors have also added to or reduced their stakes in PCAR. Ancora Advisors LLC acquired a new stake in shares of PACCAR in the second quarter valued at approximately $16,286,000. Nomura Asset Management Co. Ltd. boosted its holdings in PACCAR by 2.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 413,489 shares of the company’s stock worth $45,281,000 after purchasing an additional 9,524 shares during the last quarter. Geode Capital Management LLC grew its position in PACCAR by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 12,308,610 shares of the company’s stock valued at $1,350,867,000 after purchasing an additional 50,622 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in PACCAR during the 1st quarter worth about $9,273,000. Finally, Mengis Capital Management Inc. boosted its stake in shares of PACCAR by 16.1% during the 4th quarter. Mengis Capital Management Inc. now owns 111,486 shares of the company’s stock worth $12,209,000 after buying an additional 15,440 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

PACCAR Stock Performance

PCAR opened at $122.73 on Friday. PACCAR Inc. has a 12-month low of $92.25 and a 12-month high of $139.24. The stock has a market cap of $64.60 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 1.41 and a beta of 0.96. The business has a 50 day moving average of $128.07 and a 200-day moving average of $121.68. The company has a quick ratio of 2.90, a current ratio of 3.12 and a debt-to-equity ratio of 0.49.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, July 28th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.36 by $0.07. The company had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS. On average, equities research analysts expect that PACCAR Inc. will post 5.91 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 12th. PACCAR’s payout ratio is 29.41%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of PACCAR in a report on Tuesday, August 18th. Morgan Stanley set a $125.00 price objective on PACCAR and gave the stock an “equal weight” rating in a research note on Friday, September 4th. JPMorgan Chase & Co. raised their target price on shares of PACCAR from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada upgraded shares of PACCAR from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $130.00 to $150.00 in a report on Thursday. Finally, Truist Financial increased their price target on shares of PACCAR from $126.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, PACCAR has a consensus rating of “Hold” and an average target price of $133.91.

Insider Activity at PACCAR

In other news, VP William Lance Walters sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $133.50, for a total transaction of $133,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paulo Henrique Bolgar sold 2,897 shares of PACCAR stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $133.90, for a total transaction of $387,908.30. Following the sale, the vice president directly owned 3,831 shares of the company’s stock, valued at $512,970.90. The trade was a 43.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 56,842 shares of company stock valued at $7,565,677. 1.99% of the stock is owned by company insiders.

About PACCAR

PACCAR Inc is a global manufacturer of heavy-duty, medium-duty and light-duty trucks. Through its Kenworth, Peterbilt and DAF brands, the company serves the over-the-road, vocational and construction markets, offering vehicles designed for freight transportation and other commercial applications.

In addition to truck manufacturing, PACCAR operates PACCAR Parts, which distributes replacement parts and related services through a global network. The company also provides truck financing and leasing through PACCAR Financial, supporting customers and dealers in several major markets.

PACCAR traces its history to 1905 and has grown from a regional equipment manufacturer into an international transportation company.