Vontobel Holding Ltd. Has $11.39 Million Holdings in PACCAR Inc (NASDAQ:PCAR)

Vontobel Holding Ltd. raised its holdings in PACCAR Inc (NASDAQ:PCAR) by 2.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 109,468 shares of the company’s stock after purchasing an additional 2,679 shares during the period. Vontobel Holding Ltd.’s holdings in PACCAR were worth $11,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of PCAR. Avestar Capital LLC grew its holdings in shares of PACCAR by 13.8% in the 4th quarter. Avestar Capital LLC now owns 3,086 shares of the company’s stock worth $330,000 after purchasing an additional 375 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in PACCAR during the 4th quarter worth about $1,851,000. Lester Murray Antman dba SimplyRich grew its holdings in PACCAR by 1.0% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 19,808 shares of the company’s stock worth $2,060,000 after acquiring an additional 204 shares during the last quarter. Certuity LLC bought a new stake in PACCAR during the 4th quarter worth about $279,000. Finally, Arlington Trust Co LLC lifted its position in PACCAR by 221.6% during the 4th quarter. Arlington Trust Co LLC now owns 1,119 shares of the company’s stock valued at $116,000 after purchasing an additional 771 shares during the period. Institutional investors own 64.90% of the company’s stock.

Analysts Set New Price Targets

PCAR has been the subject of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $119.00 target price on shares of PACCAR in a research note on Monday, November 4th. Morgan Stanley cut their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $99.00 to $129.00 in a report on Wednesday, November 13th. Truist Financial boosted their price target on PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on PACCAR from $125.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.95.

PACCAR Price Performance

PCAR opened at $105.96 on Friday. The stock’s 50 day simple moving average is $108.52 and its 200 day simple moving average is $104.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.39. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $125.50. The firm has a market cap of $55.55 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 2.79 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. As a group, analysts predict that PACCAR Inc will post 7.6 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a $3.00 dividend. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s dividend payout ratio (DPR) is currently 15.17%.

Insider Transactions at PACCAR

In other news, EVP Darrin C. Siver sold 103,671 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $111.56, for a total value of $11,565,536.76. Following the completion of the transaction, the executive vice president now owns 61,005 shares in the company, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total value of $224,100.00. Following the completion of the transaction, the vice president now owns 5,463 shares of the company’s stock, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,871 shares of company stock worth $14,586,333. 2.02% of the stock is currently owned by insiders.

PACCAR 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.