PACCAR Inc (NASDAQ:PCAR) is Clarius Group LLC’s 2nd Largest Position

Clarius Group LLC raised its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 52.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,012,755 shares of the company’s stock after buying an additional 349,727 shares during the quarter. PACCAR makes up approximately 8.2% of Clarius Group LLC’s portfolio, making the stock its 2nd biggest position. Clarius Group LLC’s holdings in PACCAR were worth $98,896,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PCAR. Raymond James Financial Services Advisors Inc. boosted its position in shares of PACCAR by 18.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 107,018 shares of the company’s stock valued at $10,450,000 after purchasing an additional 16,360 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of PACCAR in the 3rd quarter worth about $319,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of PACCAR by 42.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 558,909 shares of the company’s stock worth $47,518,000 after buying an additional 166,628 shares during the period. Pacer Advisors Inc. increased its stake in shares of PACCAR by 29.6% in the 4th quarter. Pacer Advisors Inc. now owns 71,727 shares of the company’s stock worth $7,004,000 after acquiring an additional 16,390 shares in the last quarter. Finally, Nilsine Partners LLC purchased a new position in PACCAR during the 4th quarter valued at about $1,337,000. 64.90% of the stock is currently owned by institutional investors.

PACCAR Stock Performance

NASDAQ PCAR traded down $1.02 during trading hours on Friday, hitting $117.86. 643,179 shares of the company’s stock traded hands, compared to its average volume of 2,269,889. PACCAR Inc has a 52 week low of $68.40 and a 52 week high of $125.50. The firm has a market capitalization of $61.76 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.80 and a beta of 0.92. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $114.64 and its two-hundred day moving average price is $99.56.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data 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 return on equity of 33.17% and a net margin of 13.10%. The firm had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.48 billion. During the same period in the prior year, the business posted $1.76 EPS. PACCAR’s revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that PACCAR Inc will post 8.16 EPS for the current year.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.92%. PACCAR’s payout ratio is 12.31%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of PACCAR from $116.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. The Goldman Sachs Group raised their price objective on PACCAR from $93.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Evercore ISI boosted their target price on PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Bank of America upgraded PACCAR from an “underperform” rating to a “neutral” rating and raised their price target for the company from $84.00 to $97.00 in a report on Friday, January 19th. Finally, TD Cowen upped their price target on shares of PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Eight equities research 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 stock. Based on data from MarketBeat.com, PACCAR has a consensus rating of “Moderate Buy” and a consensus target price of $109.39.

Insider Activity

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total value of $212,300.00. Following the completion of the sale, the vice president now owns 5,726 shares in the company, valued at approximately $607,814.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Todd R. Hubbard sold 2,000 shares of the firm’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 completion of the transaction, the vice president now directly owns 5,726 shares of the company’s stock, valued at $607,814.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin D. Baney sold 7,203 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $103.03, for a total transaction of $742,125.09. Following the transaction, the senior vice president now directly owns 6,621 shares of the company’s stock, valued at approximately $682,161.63. The disclosure for this sale can be found here. Insiders have sold 153,496 shares of company stock worth $15,834,812 in the last three months. Company insiders own 2.02% of the company’s stock.

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.