Czech National Bank Has $15.17 Million Stock Position in PACCAR Inc. $PCAR

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

Other large investors have also made changes to their positions in the company. Moody National Bank Trust Division purchased a new position in PACCAR during the 4th quarter worth approximately $205,000. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in PACCAR during the 4th quarter valued at $437,000. SG Americas Securities LLC lifted its holdings in shares of PACCAR by 2,975.2% in the fourth quarter. SG Americas Securities LLC now owns 680,891 shares of the company’s stock valued at $74,564,000 after purchasing an additional 658,750 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of PACCAR by 3.2% in the fourth quarter. Fulton Bank N.A. now owns 3,458 shares of the company’s stock valued at $379,000 after purchasing an additional 107 shares in the last quarter. Finally, True Wealth Design LLC boosted its position in shares of PACCAR by 61.1% in the fourth quarter. True Wealth Design LLC now owns 364 shares of the company’s stock worth $40,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Trading Down 0.9%

PACCAR stock opened at $115.33 on Friday. PACCAR Inc. has a 12 month low of $84.65 and a 12 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 stock has a market cap of $60.69 billion, a P/E ratio of 25.57, a P/E/G ratio of 0.98 and a beta of 1.03. The company’s fifty day simple moving average is $122.20 and its 200-day simple moving average is $110.13.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $6.82 billion during 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 quarterly revenue was down 15.1% compared to the same quarter last year. During the same period last year, the company earned $1.66 earnings per share. As a group, sell-side analysts forecast that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PCAR has been the topic of a number of research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of PACCAR in a report on Tuesday, February 24th. Truist Financial increased their price objective on PACCAR from $108.00 to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, January 28th. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Morgan Stanley set a $109.00 target price on PACCAR and gave the company an “equal weight” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research upgraded PACCAR from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $116.18.

Insider Buying and Selling

In related news, EVP C Michael Dozier sold 79,076 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 34,656 shares of the company’s stock, valued at approximately $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, VP Paulo Henrique Bolgar sold 12,183 shares of the business’s 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 sale, the vice president directly owned 6,274 shares of the company’s stock, valued at approximately $768,125.82. The trade was a 66.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 133,105 shares of company stock worth $16,869,046. Insiders own 2.02% of the company’s stock.

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.