APG Asset Management N.V. Has $37.12 Million Stock Holdings in PACCAR Inc. $PCAR

APG Asset Management N.V. grew its holdings in shares of PACCAR Inc. (NASDAQ:PCAR) by 11.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 377,535 shares of the company’s stock after buying an additional 38,235 shares during the quarter. APG Asset Management N.V. owned 0.07% of PACCAR worth $37,119,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PCAR. Fidelis Capital Partners LLC boosted its stake in PACCAR by 2.9% during the 2nd quarter. Fidelis Capital Partners LLC now owns 3,759 shares of the company’s stock valued at $366,000 after purchasing an additional 105 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of PACCAR by 3.1% in the third quarter. Foundations Investment Advisors LLC now owns 3,640 shares of the company’s stock valued at $358,000 after purchasing an additional 108 shares in the last quarter. Intellectus Partners LLC boosted its position in shares of PACCAR by 1.0% during the second quarter. Intellectus Partners LLC now owns 10,673 shares of the company’s stock valued at $1,015,000 after buying an additional 109 shares during the last quarter. Matrix Trust Co grew its holdings in PACCAR by 3.9% during the third quarter. Matrix Trust Co now owns 2,948 shares of the company’s stock worth $290,000 after buying an additional 110 shares in the last quarter. Finally, Forbes J M & Co. LLP grew its holdings in PACCAR by 4.3% during the third quarter. Forbes J M & Co. LLP now owns 2,664 shares of the company’s stock worth $262,000 after buying an additional 111 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

Insider Activity at PACCAR

In related news, CEO R Preston Feight sold 9,258 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 258,566 shares of the company’s stock, valued at approximately $33,536,010.20. This represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP C Michael Dozier sold 79,076 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $127.92, for a total value of $10,115,401.92. Following the completion of the transaction, the executive vice president owned 34,656 shares of the company’s stock, valued at approximately $4,433,195.52. This represents a 69.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 133,105 shares of company stock worth $16,869,046 in the last 90 days. 2.02% of the stock is owned by company insiders.

PACCAR Price Performance

Shares of NASDAQ:PCAR opened at $126.09 on Monday. The company has a 50-day moving average price of $120.95 and a two-hundred day moving average price of $107.82. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $131.88. 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 firm has a market capitalization of $66.31 billion, a PE ratio of 27.96, a P/E/G ratio of 1.06 and a beta of 1.03.

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

PACCAR Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be given a $0.33 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $1.32 annualized dividend and a dividend yield of 1.0%. PACCAR’s payout ratio is 29.27%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PCAR. Morgan Stanley set a $109.00 price objective on shares of PACCAR and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Wells Fargo & Company set a $119.00 price target on shares of PACCAR and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of PACCAR in a research report on Tuesday, February 24th. JPMorgan Chase & Co. increased their price objective on shares of PACCAR from $133.00 to $142.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Finally, Citigroup increased their price target on PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $116.50.

About PACCAR

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.