Capital International Inc. CA Sells 6,646 Shares of PACCAR Inc. $PCAR

Capital International Inc. CA decreased its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 8.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 67,987 shares of the company’s stock after selling 6,646 shares during the period. Capital International Inc. CA’s holdings in PACCAR were worth $6,684,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PCAR. Private Wealth Management Group LLC boosted its stake in shares of PACCAR by 293.1% during 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 in the last quarter. AlphaQuest LLC purchased a new position in PACCAR during the third quarter valued at approximately $38,000. Westside Investment Management Inc. raised its stake in PACCAR by 100.0% in the third quarter. Westside Investment Management Inc. now owns 432 shares of the company’s stock worth $42,000 after buying an additional 216 shares in the last quarter. Rothschild Investment LLC raised its stake in PACCAR by 121.4% in the third quarter. Rothschild Investment LLC now owns 828 shares of the company’s stock worth $81,000 after buying an additional 454 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in PACCAR during the third quarter worth $82,000. Institutional investors own 64.90% of the company’s stock.

Wall Street Analyst Weigh In

PCAR has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Morgan Stanley set a $109.00 price target on shares of PACCAR and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. Truist Financial raised their price target on shares of PACCAR from $108.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Zacks Research raised shares of PACCAR from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Wall Street Zen upgraded 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, five have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.50.

PACCAR Trading Down 0.8%

Shares of NASDAQ:PCAR opened at $118.12 on Thursday. The business’s 50-day moving average is $122.56 and its 200 day moving average is $109.02. PACCAR Inc. has a 1 year low of $84.65 and a 1 year high of $131.88. The firm has a market capitalization of $62.12 billion, a P/E ratio of 26.19, a P/E/G ratio of 1.00 and a beta of 1.03. 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 (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.06 billion. During the same quarter last year, the company earned $1.66 earnings per share. The company’s quarterly revenue was down 15.1% on a year-over-year basis. On average, research analysts predict that PACCAR Inc. will post 7.57 earnings per share for the current fiscal year.

Insider Transactions at PACCAR

In related news, VP Paulo Henrique Bolgar sold 12,183 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were 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 of the company’s stock, valued at $768,125.82. This trade represents a 66.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO R Preston Feight sold 9,258 shares of PACCAR stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $129.70, for a total transaction of $1,200,762.60. Following the completion of the sale, the chief executive officer owned 258,566 shares of the company’s stock, valued at $33,536,010.20. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 133,105 shares of company stock worth $16,869,046 over the last ninety days. 2.02% of the stock is currently owned by insiders.

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.