PACCAR Inc. $PCAR Shares Purchased by Johnson Financial Group Inc.

Johnson Financial Group Inc. lifted its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 25.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,609 shares of the company’s stock after acquiring an additional 6,907 shares during the period. Johnson Financial Group Inc.’s holdings in PACCAR were worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of PCAR. Private Wealth Management Group LLC grew its holdings in PACCAR by 293.1% in the third quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares during the period. AlphaQuest LLC bought a new stake in PACCAR during the third quarter worth approximately $38,000. Westside Investment Management Inc. grew its stake in shares of 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 purchasing an additional 216 shares during the last quarter. Rothschild Investment LLC raised 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 buying an additional 454 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new stake in shares of PACCAR in the 3rd quarter worth $82,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Insider Activity at PACCAR

In other news, CFO Brice J. Poplawski sold 2,200 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $130.41, for a total transaction of $286,902.00. Following the completion of the sale, the chief financial officer owned 903 shares of the company’s stock, valued at $117,760.23. The trade was a 70.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paulo Henrique Bolgar sold 12,183 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $122.43, for a total value of $1,491,564.69. Following the completion of the sale, the vice president directly owned 6,274 shares in the company, valued at $768,125.82. This represents a 66.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 133,105 shares of company stock worth $16,869,046. 2.02% of the stock is owned by company insiders.

PACCAR Trading Down 1.1%

Shares of NASDAQ PCAR opened at $116.82 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.79 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $122.71 and a 200-day simple moving average of $109.08. The stock has a market capitalization of $61.43 billion, a PE ratio of 25.90, a PEG ratio of 0.99 and a beta of 1.03. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $131.88.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on PCAR. Wall Street Zen raised PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Truist Financial raised their price target on PACCAR from $108.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Morgan Stanley set a $109.00 price target on shares of PACCAR and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Wells Fargo & Company set a $119.00 price target on PACCAR and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $116.50.

PACCAR Company 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.