PACCAR Inc. $PCAR Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in PACCAR Inc. (NASDAQ:PCAR) by 77.9% in the 3rd quarter, Holdings Channel reports. The fund owned 228,946 shares of the company’s stock after purchasing an additional 100,285 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PACCAR were worth $22,510,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. grew its position in shares of 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 purchasing an additional 100 shares during the period. Private Wealth Management Group LLC boosted its stake in PACCAR by 293.1% in the 3rd quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock worth $28,000 after buying an additional 211 shares during the last quarter. Bayforest Capital Ltd grew its holdings in PACCAR by 234.2% in the 1st quarter. Bayforest Capital Ltd now owns 391 shares of the company’s stock valued at $38,000 after buying an additional 274 shares during the period. Hantz Financial Services Inc. increased its stake in shares of PACCAR by 43.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock valued at $42,000 after acquiring an additional 134 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of PACCAR during the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Trading Up 2.5%

PCAR opened at $118.20 on Friday. PACCAR Inc. has a 12-month low of $84.65 and a 12-month high of $119.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.12 and a quick ratio of 2.91. The stock has a market capitalization of $62.08 billion, a PE ratio of 23.13, a P/E/G ratio of 14.34 and a beta of 1.01. The firm’s fifty day moving average price is $106.37 and its 200 day moving average price is $100.93.

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

PACCAR Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, February 11th. PACCAR’s payout ratio is 25.83%.

Insider Activity

In related news, CFO Brice J. Poplawski sold 3,369 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $101.15, for a total transaction of $340,774.35. Following the transaction, the chief financial officer directly owned 468 shares in the company, valued at $47,338.20. This trade represents a 87.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

PCAR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of PACCAR from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $108.00 to $133.00 in a research report on Friday, December 19th. Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings downgraded PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Morgan Stanley set a $90.00 target price on PACCAR in a report on Tuesday, October 21st. Finally, Zacks Research raised PACCAR from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.04.

PACCAR Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.