2,661 Shares in PACCAR Inc (NASDAQ:PCAR) Bought by Banco Santander S.A.

Banco Santander S.A. acquired a new position in shares of PACCAR Inc (NASDAQ:PCAR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,661 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors also recently bought and sold shares of the business. Berkshire Asset Management LLC PA acquired a new position in shares of PACCAR in the fourth quarter valued at approximately $326,000. Callan Family Office LLC purchased a new position in PACCAR in the 4th quarter valued at $439,000. E Fund Management Co. Ltd. increased its stake in PACCAR by 31.5% in the 4th quarter. E Fund Management Co. Ltd. now owns 7,470 shares of the company’s stock valued at $777,000 after buying an additional 1,788 shares during the period. Freestone Capital Holdings LLC raised its position in PACCAR by 7.9% during the 4th quarter. Freestone Capital Holdings LLC now owns 8,036 shares of the company’s stock worth $836,000 after buying an additional 591 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of PACCAR in the 4th quarter worth $30,440,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Todd R. Hubbard sold 2,000 shares of the company’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 transaction of $224,100.00. Following the transaction, the vice president now owns 5,463 shares of the company’s stock, valued at approximately $612,129.15. This represents a 26.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Darrin C. Siver sold 103,671 shares of PACCAR stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the sale, the executive vice president now directly owns 61,005 shares of the company’s stock, valued at $6,805,717.80. The trade was a 62.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,547 shares of company stock worth $18,261,908. 2.02% of the stock is owned by corporate insiders.

PACCAR Stock Up 0.5 %

PCAR stock opened at $110.56 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The company’s 50 day simple moving average is $107.41 and its 200-day simple moving average is $106.26. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $125.50. The firm has a market capitalization of $58.02 billion, a PE ratio of 13.98, a P/E/G ratio of 2.77 and a beta of 0.91.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. Equities analysts expect that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio (DPR) is presently 16.69%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PCAR. Truist Financial boosted their price target on shares of PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. Jefferies Financial Group cut PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Friday, December 6th. Bank of America raised PACCAR from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $121.50 in a report on Tuesday, January 14th. Citigroup decreased their price target on PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Evercore ISI cut their price objective on PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PACCAR presently has an average rating of “Moderate Buy” and a consensus target price of $121.77.

About PACCAR

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.