J. Safra Sarasin Holding AG Has $67.04 Million Stock Position in PACCAR Inc. $PCAR

J. Safra Sarasin Holding AG lowered its stake in PACCAR Inc. (NASDAQ:PCAR) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 612,161 shares of the company’s stock after selling 4,562 shares during the quarter. PACCAR comprises approximately 1.1% of J. Safra Sarasin Holding AG’s investment portfolio, making the stock its 24th biggest holding. J. Safra Sarasin Holding AG owned 0.12% of PACCAR worth $67,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Wealth Management Group LLC lifted its position in PACCAR by 293.1% in the 3rd quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock valued at $28,000 after acquiring an additional 211 shares in the last quarter. Wealth Watch Advisors INC acquired a new position in PACCAR in the 3rd quarter worth $32,000. True Wealth Design LLC increased its holdings in PACCAR by 61.1% during the 4th quarter. True Wealth Design LLC now owns 364 shares of the company’s stock worth $40,000 after purchasing an additional 138 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of PACCAR in the 3rd quarter valued at about $38,000. Finally, Westside Investment Management Inc. raised its stake in shares of PACCAR by 100.0% in the 3rd 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 period. Institutional investors and hedge funds own 64.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PCAR. Wells Fargo & Company set a $119.00 price target on PACCAR and gave the company an “equal weight” rating in a report on Friday, January 23rd. Zacks Research raised PACCAR from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Truist Financial boosted their target price on PACCAR from $108.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Morgan Stanley set a $109.00 price target on PACCAR and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen raised shares of PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $116.18.

PACCAR Trading Down 0.2%

PACCAR stock opened at $112.47 on Tuesday. The company has a market cap of $59.19 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 0.95 and a beta of 1.03. The firm has a 50-day moving average of $121.85 and a 200-day moving average of $110.48. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.98 and a quick ratio of 2.79. PACCAR Inc. has a one year low of $84.65 and a one year high of $131.88.

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

Insider Transactions at PACCAR

In other PACCAR news, VP Paulo Henrique Bolgar sold 12,183 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president directly owned 6,274 shares in the company, valued at $768,125.82. This trade represents a 66.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin D. Baney sold 9,672 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $126.53, for a total value of $1,223,798.16. Following the transaction, the executive vice president directly owned 12,592 shares in the company, valued at $1,593,265.76. This trade represents a 43.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 133,105 shares of company stock valued at $16,869,046. 1.99% of the stock is owned by insiders.

PACCAR 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.