BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 13,139 Shares of PACCAR Inc. $PCAR

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its stake in PACCAR Inc. (NASDAQ:PCAR) by 15.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,249 shares of the company’s stock after selling 13,139 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in PACCAR were worth $7,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC grew its position in PACCAR by 0.3% during the fourth quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after buying an additional 290 shares during the period. Focus Partners Wealth boosted its stake in PACCAR by 15.4% in the 1st quarter. Focus Partners Wealth now owns 13,604 shares of the company’s stock worth $1,324,000 after purchasing an additional 1,812 shares during the period. Stratos Wealth Partners LTD. grew its holdings in PACCAR by 55.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,620 shares of the company’s stock valued at $439,000 after buying an additional 1,654 shares in the last quarter. Stephens Inc. AR increased its position in shares of PACCAR by 8.0% during the second quarter. Stephens Inc. AR now owns 6,477 shares of the company’s stock valued at $616,000 after buying an additional 482 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of PACCAR by 7.3% in the second quarter. Cullen Frost Bankers Inc. now owns 100,566 shares of the company’s stock worth $9,560,000 after buying an additional 6,830 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Trading Down 0.2%

NASDAQ PCAR opened at $124.90 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 0.56. The stock’s 50-day simple moving average is $119.27 and its two-hundred day simple moving average is $106.51. PACCAR Inc. has a twelve month low of $84.65 and a twelve month high of $131.88. The company has a market capitalization of $65.60 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.05 and a beta of 1.03.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The firm 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%.The company’s revenue was down 15.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.66 EPS. Research analysts forecast that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.32 annualized dividend and a dividend yield of 1.1%. PACCAR’s dividend payout ratio (DPR) is 29.27%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings cut shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Wells Fargo & Company set a $119.00 price target on shares of PACCAR and gave the company an “equal weight” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. increased their price objective on PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Zacks Research raised PACCAR from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Truist Financial upped their target price on PACCAR from $108.00 to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $116.50.

Insider Transactions at PACCAR

In related news, EVP C Michael Dozier sold 79,076 shares of the stock in a transaction on Tuesday, February 3rd. The shares were 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 of the company’s stock, valued at approximately $4,433,195.52. This trade represents a 69.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R Preston Feight sold 9,258 shares of the business’s stock in a transaction 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 directly owned 258,566 shares of the company’s stock, valued at $33,536,010.20. This represents a 3.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 133,105 shares of company stock worth $16,869,046. Corporate 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.