Universal Beteiligungs und Servicegesellschaft mbH Acquires 18,444 Shares of PACCAR Inc. $PCAR

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in PACCAR Inc. (NASDAQ:PCAR) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 344,648 shares of the company’s stock after buying an additional 18,444 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of PACCAR worth $33,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. lifted its position in shares of PACCAR by 53.8% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 286 shares of the company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Private Wealth Management Group LLC raised its stake in PACCAR by 293.1% in the third quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares in the last quarter. Hantz Financial Services Inc. lifted its position in PACCAR by 43.8% during the second quarter. Hantz Financial Services Inc. now owns 440 shares of the company’s stock worth $42,000 after purchasing an additional 134 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in PACCAR during the second quarter worth about $62,000. Finally, Ameritas Advisory Services LLC acquired a new stake in PACCAR during the second quarter worth about $71,000. Institutional investors own 64.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on PCAR shares. UBS Group set a $103.00 target price on shares of PACCAR and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Zacks Research upgraded shares of PACCAR from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Morgan Stanley upped their target price on PACCAR from $93.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Raymond James Financial reaffirmed a “market perform” rating on shares of PACCAR in a report on Tuesday, October 21st. Finally, Truist Financial lifted their price target on PACCAR from $97.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, PACCAR currently has a consensus rating of “Hold” and an average price target of $112.33.

Insider Activity

In related news, CFO Brice J. Poplawski sold 3,369 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $101.15, for a total value of $340,774.35. Following the completion of the transaction, the chief financial officer owned 468 shares in the company, valued at $47,338.20. This trade represents a 87.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.02% of the stock is owned by corporate insiders.

PACCAR Stock Up 3.3%

Shares of NASDAQ:PCAR opened at $123.26 on Thursday. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $123.99. The company has a market capitalization of $64.74 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 14.74 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.91 and a current ratio of 3.12. The company has a fifty day moving average of $110.31 and a 200-day moving average of $102.51.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.23 billion. PACCAR had a return on equity of 16.01% and a net margin of 9.11%.The company’s revenue was down 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 EPS. On average, equities analysts predict that PACCAR Inc. will post 7.57 EPS for the current fiscal year.

PACCAR Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be paid a $0.33 dividend. 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 is currently 25.83%.

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.