Daiwa Securities Group Inc. Has $7.15 Million Holdings in PACCAR Inc (NASDAQ:PCAR)

Daiwa Securities Group Inc. increased its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,204 shares of the company’s stock after purchasing an additional 3,691 shares during the period. Daiwa Securities Group Inc.’s holdings in PACCAR were worth $7,148,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PCAR. OFI Invest Asset Management acquired a new position in PACCAR in the third quarter valued at about $26,000. AdvisorNet Financial Inc grew its stake in PACCAR by 188.5% in the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after acquiring an additional 181 shares during the period. ST Germain D J Co. Inc. grew its stake in PACCAR by 61.9% in the third quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock valued at $29,000 after acquiring an additional 130 shares during the period. Arlington Trust Co LLC acquired a new position in PACCAR in the third quarter valued at about $30,000. Finally, Achmea Investment Management B.V. acquired a new position in PACCAR in the first quarter valued at about $33,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Harrie Schippers sold 5,000 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $102.27, for a total value of $511,350.00. Following the completion of the sale, the chief financial officer now owns 103,547 shares of the company’s stock, valued at $10,589,751.69. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following 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 filing with the SEC, which can be accessed through the SEC website. Also, CFO Harrie Schippers sold 5,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $102.27, for a total value of $511,350.00. Following the sale, the chief financial officer now owns 103,547 shares in the company, valued at approximately $10,589,751.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,496 shares of company stock valued at $15,834,812. Company insiders own 2.02% of the company’s stock.

PACCAR Price Performance

Shares of PCAR opened at $113.76 on Friday. PACCAR Inc has a 12-month low of $68.40 and a 12-month high of $125.50. The business has a 50-day simple moving average of $115.86 and a two-hundred day simple moving average of $100.66. The company has a quick ratio of 2.21, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. The stock has a market cap of $59.61 billion, a PE ratio of 12.97, a PEG ratio of 1.74 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.45. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The business had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $8.48 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts anticipate that PACCAR Inc will post 8.21 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were paid a $0.27 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.95%. PACCAR’s payout ratio is 12.31%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PCAR. Royal Bank of Canada began coverage on PACCAR in a research note on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 target price for the company. Evercore ISI boosted their price target on PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Morgan Stanley initiated coverage on PACCAR in a research report on Monday, January 8th. They set an “overweight” rating and a $125.00 price target on the stock. Bank of America raised PACCAR from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $84.00 to $97.00 in a report on Friday, January 19th. Finally, UBS Group raised PACCAR from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $104.00 to $136.00 in a report on Friday, March 15th. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.82.

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.