B. Metzler seel. Sohn & Co. AG Sells 4,400 Shares of PACCAR Inc. $PCAR

B. Metzler seel. Sohn & Co. AG lessened its holdings in PACCAR Inc. (NASDAQ:PCAR) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,122 shares of the company’s stock after selling 4,400 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in PACCAR were worth $10,729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PCAR. Vanguard Group Inc. lifted its position in shares of PACCAR by 0.8% during the 3rd 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. State Street Corp boosted its stake in PACCAR by 1.0% in the second quarter. State Street Corp now owns 22,534,596 shares of the company’s stock valued at $2,142,139,000 after buying an additional 218,188 shares in the last quarter. Geode Capital Management LLC grew its position in PACCAR by 1.3% in the second quarter. Geode Capital Management LLC now owns 12,455,453 shares of the company’s stock valued at $1,184,112,000 after acquiring an additional 159,632 shares during the last quarter. JPMorgan Chase & Co. grew its position in PACCAR by 25.2% in the second quarter. JPMorgan Chase & Co. now owns 5,798,439 shares of the company’s stock valued at $551,211,000 after acquiring an additional 1,165,443 shares during the last quarter. Finally, Invesco Ltd. raised its stake in PACCAR by 5.0% during the second quarter. Invesco Ltd. now owns 5,212,386 shares of the company’s stock worth $495,489,000 after acquiring an additional 246,410 shares in the last quarter. Institutional investors own 64.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on PCAR shares. Sanford C. Bernstein reissued an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. Zacks Research raised shares of PACCAR from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Truist Financial upped their price objective 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. Wells Fargo & Company set a $119.00 target price on shares of PACCAR and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Finally, Citigroup boosted their target price on shares of PACCAR from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. One investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $116.50.

Insider Transactions at PACCAR

In other news, VP Paulo Henrique Bolgar sold 12,183 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $122.43, for a total transaction of $1,491,564.69. Following the completion of the transaction, the vice president owned 6,274 shares of the company’s stock, valued at approximately $768,125.82. This trade represents a 66.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP C Michael Dozier sold 79,076 shares of PACCAR stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $127.92, for a total transaction of $10,115,401.92. Following the transaction, the executive vice president owned 34,656 shares in the company, valued at approximately $4,433,195.52. This trade represents a 69.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 133,105 shares of company stock worth $16,869,046. 2.02% of the stock is currently owned by insiders.

PACCAR Stock Performance

Shares of PCAR stock opened at $120.43 on Monday. The firm has a market capitalization of $63.33 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 1.01 and a beta of 1.03. The company has a current ratio of 2.98, a quick ratio of 2.79 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $122.05 and its 200-day moving average price is $108.67. PACCAR Inc. has a 12 month low of $84.65 and a 12 month high of $131.88.

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

PACCAR Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, February 11th. PACCAR’s dividend payout ratio is 29.27%.

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.