Uncommon Cents Investing LLC Purchases 1,220 Shares of PACCAR Inc (NASDAQ:PCAR)

Uncommon Cents Investing LLC increased its position in shares of PACCAR Inc (NASDAQ:PCAR) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,741 shares of the company’s stock after acquiring an additional 1,220 shares during the quarter. Uncommon Cents Investing LLC’s holdings in PACCAR were worth $854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in PACCAR by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 36,485,080 shares of the company’s stock worth $3,213,241,000 after purchasing an additional 698,784 shares during the period. State Street Corp boosted its position in shares of PACCAR by 49.0% during the first quarter. State Street Corp now owns 21,345,321 shares of the company’s stock worth $1,562,477,000 after buying an additional 7,020,923 shares during the period. Geode Capital Management LLC grew its holdings in shares of PACCAR by 53.3% during the first quarter. Geode Capital Management LLC now owns 11,742,555 shares of the company’s stock worth $858,948,000 after buying an additional 4,082,677 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in PACCAR by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,587,576 shares of the company’s stock valued at $730,116,000 after buying an additional 23,865 shares during the last quarter. Finally, Northern Trust Corp raised its position in PACCAR by 6.0% in the 3rd quarter. Northern Trust Corp now owns 5,540,803 shares of the company’s stock valued at $471,079,000 after buying an additional 316,001 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PCAR. TD Cowen raised their price target on PACCAR from $91.00 to $108.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Evercore ISI upped their price objective on PACCAR from $94.00 to $101.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Royal Bank of Canada assumed coverage on PACCAR in a research note on Tuesday. They issued a “sector perform” rating and a $123.00 price objective on the stock. UBS Group upgraded PACCAR from a “neutral” rating to a “buy” rating and upped their price objective for the company from $104.00 to $136.00 in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. upped their price objective on PACCAR from $116.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.39.

PACCAR Stock Down 0.5 %

PCAR stock traded down $0.57 during mid-day trading on Thursday, reaching $123.89. 2,280,819 shares of the company traded hands, compared to its average volume of 2,323,058. The stock has a market cap of $64.92 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 1.92 and a beta of 0.91. The company has a quick ratio of 2.21, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. PACCAR Inc has a fifty-two week low of $67.48 and a fifty-two week high of $125.50. The firm’s 50 day moving average price is $109.94 and its 200 day moving average price is $96.87.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.25 by $0.45. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The firm had revenue of $8.59 billion for the quarter, compared to analysts’ expectations of $8.48 billion. During the same quarter last year, the firm earned $1.76 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts predict that PACCAR Inc will post 8.13 EPS for the current fiscal year.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were issued a $0.27 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.87%. PACCAR’s dividend payout ratio (DPR) is presently 12.31%.

Insider Buying and Selling

In related news, VP Todd R. Hubbard sold 4,829 shares of PACCAR stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $102.12, for a total value of $493,137.48. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $584,739.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Todd R. Hubbard sold 4,829 shares of PACCAR stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $102.12, for a total value of $493,137.48. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $584,739.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.15, for a total transaction of $212,300.00. Following the sale, the vice president now directly owns 5,726 shares in the company, valued at approximately $607,814.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,496 shares of company stock valued at $15,834,812. 2.02% of the stock is owned by company insiders.

PACCAR Company 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.