52,827 Shares in PACCAR Inc. $PCAR Acquired by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA bought a new stake in PACCAR Inc. (NASDAQ:PCAR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 52,827 shares of the company’s stock, valued at approximately $5,194,000.

A number of other large investors also recently bought and sold shares of the stock. Private Wealth Management Group LLC grew its stake in shares of PACCAR by 293.1% during the 3rd quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock valued at $28,000 after buying an additional 211 shares during the period. AlphaQuest LLC acquired a new position in PACCAR in the third quarter valued at $38,000. Westside Investment Management Inc. grew its position in PACCAR by 100.0% during the third quarter. Westside Investment Management Inc. now owns 432 shares of the company’s stock valued at $42,000 after acquiring an additional 216 shares during the period. Rothschild Investment LLC increased its stake in PACCAR by 121.4% during the third quarter. Rothschild Investment LLC now owns 828 shares of the company’s stock worth $81,000 after acquiring an additional 454 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of PACCAR in the 2nd quarter worth about $81,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

PCAR stock opened at $119.02 on Wednesday. The firm has a market cap of $62.59 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 1.01 and a beta of 1.03. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.79 and a current ratio of 2.98. PACCAR Inc. has a 1 year low of $84.65 and a 1 year high of $131.88. The stock has a 50-day simple moving average of $122.39 and a 200-day simple moving average of $108.96.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.06 billion. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.PACCAR’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.66 EPS. On average, equities analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a research report on Tuesday, February 24th. Zacks Research upgraded shares of PACCAR from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Truist Financial increased their price objective on shares of PACCAR from $108.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company set a $119.00 target price on shares of PACCAR and gave the company an “equal weight” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $116.50.

Insider Activity at PACCAR

In other news, EVP C Michael Dozier sold 79,076 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $127.92, for a total transaction of $10,115,401.92. Following the transaction, the executive vice president directly owned 34,656 shares of the company’s stock, valued at approximately $4,433,195.52. The trade was a 69.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kevin D. Baney sold 9,672 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $126.53, for a total transaction of $1,223,798.16. Following the completion of the transaction, the executive vice president owned 12,592 shares of the company’s stock, valued at $1,593,265.76. This trade represents a 43.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 133,105 shares of company stock valued at $16,869,046. 2.02% of the stock is currently owned by corporate insiders.

About PACCAR

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.