Syon Capital LLC Has $634,000 Stock Position in PACCAR Inc (NASDAQ:PCAR)

Syon Capital LLC grew its position in PACCAR Inc (NASDAQ:PCAR) by 9.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,494 shares of the company’s stock after buying an additional 574 shares during the period. Syon Capital LLC’s holdings in PACCAR were worth $634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PCAR. Lord Abbett & CO. LLC acquired a new position in PACCAR in the 3rd quarter worth $33,668,000. International Assets Investment Management LLC boosted its stake in PACCAR by 8,388.6% in the 4th quarter. International Assets Investment Management LLC now owns 376,132 shares of the company’s stock worth $36,729,000 after purchasing an additional 371,701 shares during the period. Clarius Group LLC boosted its stake in PACCAR by 52.7% in the 4th quarter. Clarius Group LLC now owns 1,012,755 shares of the company’s stock worth $98,896,000 after purchasing an additional 349,727 shares during the period. Invesco Ltd. boosted its stake in PACCAR by 9.9% in the 3rd quarter. Invesco Ltd. now owns 3,645,267 shares of the company’s stock worth $309,921,000 after purchasing an additional 328,347 shares during the period. Finally, Northern Trust Corp boosted its stake in PACCAR by 6.0% in the 3rd quarter. Northern Trust Corp now owns 5,540,803 shares of the company’s stock worth $471,079,000 after purchasing an additional 316,001 shares during the period. Institutional investors and hedge funds own 64.90% of the company’s stock.

PACCAR Stock Performance

PCAR stock traded down $0.66 during mid-day trading on Friday, hitting $111.96. 2,624,195 shares of the company were exchanged, compared to its average volume of 2,331,184. The business has a 50 day simple moving average of $116.49 and a 200-day simple moving average of $101.60. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $58.67 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92. PACCAR Inc has a 1-year low of $68.40 and a 1-year high of $125.50.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $0.45. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The company had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.48 billion. During the same period in the previous year, the business earned $1.76 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts forecast that PACCAR Inc will post 8.21 earnings per share for the current year.

PACCAR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Thursday, February 15th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.96%. PACCAR’s dividend payout ratio (DPR) is 12.31%.

Wall Street Analyst Weigh In

PCAR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of PACCAR from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. The Goldman Sachs Group upped their target price on shares of PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Morgan Stanley started coverage on shares of PACCAR in a research note on Monday, January 8th. They set an “overweight” rating and a $125.00 price objective for the company. Bank of America upgraded shares of PACCAR from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $84.00 to $97.00 in a research note on Friday, January 19th. Finally, UBS Group upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $104.00 to $136.00 in a research note on Friday, March 15th. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.82.

Insiders Place Their Bets

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.15, for a total transaction of $212,300.00. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at $607,814.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.15, for a total value of $212,300.00. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at $607,814.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Mark C. Pigott sold 74,347 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $101.93, for a total transaction of $7,578,189.71. Following the completion of the sale, the chairman now directly owns 4,843,277 shares in the company, valued at approximately $493,675,224.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,293 shares of company stock valued at $14,581,337. 2.02% of the stock is currently owned by insiders.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.