Czech National Bank Acquires 5,122 Shares of PACCAR Inc. $PCAR

Czech National Bank lifted its holdings in PACCAR Inc. (NASDAQ:PCAR) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,488 shares of the company’s stock after purchasing an additional 5,122 shares during the period. Czech National Bank’s holdings in PACCAR were worth $15,166,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. California Public Employees Retirement System lifted its holdings in PACCAR by 0.8% in the 3rd quarter. California Public Employees Retirement System now owns 1,075,315 shares of the company’s stock worth $105,725,000 after purchasing an additional 9,045 shares during the last quarter. JT Stratford LLC acquired a new position in PACCAR during the second quarter valued at approximately $1,301,000. National Pension Service raised its position in shares of PACCAR by 5.5% in the third quarter. National Pension Service now owns 939,146 shares of the company’s stock valued at $92,337,000 after purchasing an additional 48,711 shares during the period. AE Wealth Management LLC raised its position in shares of PACCAR by 29.1% in the third quarter. AE Wealth Management LLC now owns 39,594 shares of the company’s stock valued at $3,893,000 after purchasing an additional 8,932 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of PACCAR by 0.8% in the third quarter. Vanguard Group Inc. now owns 63,111,444 shares of the company’s stock worth $6,205,117,000 after buying an additional 485,678 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PCAR. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. Truist Financial boosted their target price on shares of PACCAR from $108.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Citigroup upped their price target on shares of PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Wells Fargo & Company set a $119.00 price target on PACCAR and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $116.18.

Insider Transactions at PACCAR

In other PACCAR news, EVP C Michael Dozier sold 79,076 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $127.92, for a total value of $10,115,401.92. Following the sale, the executive vice president owned 34,656 shares of the company’s stock, valued at $4,433,195.52. The trade was a 69.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brice J. Poplawski sold 2,200 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $130.41, for a total transaction of $286,902.00. Following the completion of the transaction, the chief financial officer owned 903 shares of the company’s stock, valued at approximately $117,760.23. This represents a 70.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 133,105 shares of company stock valued at $16,869,046 over the last 90 days. Corporate insiders own 2.02% of the company’s stock.

PACCAR Trading Down 0.9%

PACCAR stock opened at $115.33 on Friday. The business has a 50 day moving average price of $122.20 and a two-hundred day moving average price of $110.13. The company has a quick ratio of 2.79, a current ratio of 2.98 and a debt-to-equity ratio of 0.55. The stock has a market cap of $60.69 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 0.98 and a beta of 1.03. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $131.88.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.06 billion. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.PACCAR’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 EPS. As a group, equities analysts forecast that PACCAR Inc. will post 7.57 EPS for the current year.

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.