J. Safra Sarasin Holding AG Has $67.04 Million Stock Holdings in PACCAR Inc. $PCAR

J. Safra Sarasin Holding AG reduced its position in PACCAR Inc. (NASDAQ:PCAR) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 612,161 shares of the company’s stock after selling 4,562 shares during the period. PACCAR comprises 1.1% of J. Safra Sarasin Holding AG’s holdings, making the stock its 24th largest position. J. Safra Sarasin Holding AG’s holdings in PACCAR were worth $67,038,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pacer Advisors Inc. increased its position in PACCAR by 2,389.2% during the third quarter. Pacer Advisors Inc. now owns 2,010,837 shares of the company’s stock worth $197,705,000 after buying an additional 1,930,056 shares during the last quarter. American Century Companies Inc. lifted its position in shares of PACCAR by 235.9% in the third quarter. American Century Companies Inc. now owns 2,540,688 shares of the company’s stock valued at $249,801,000 after buying an additional 1,784,236 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of PACCAR by 20.3% during the 3rd quarter. Capital Research Global Investors now owns 5,971,153 shares of the company’s stock worth $587,084,000 after acquiring an additional 1,009,134 shares during the period. Capital World Investors boosted its stake in shares of PACCAR by 11,269.8% during the 3rd quarter. Capital World Investors now owns 807,712 shares of the company’s stock worth $79,414,000 after acquiring an additional 800,608 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of PACCAR during the 3rd quarter worth approximately $76,435,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

NASDAQ:PCAR opened at $112.47 on Tuesday. The stock has a 50 day simple moving average of $121.85 and a 200 day simple moving average of $110.48. The stock has a market cap of $59.19 billion, a P/E ratio of 24.94, a PEG ratio of 0.95 and a beta of 1.03. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $131.88. The company has a current ratio of 2.98, a quick ratio of 2.79 and a debt-to-equity ratio of 0.55.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter was down 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 EPS. Research analysts anticipate that PACCAR Inc. will post 7.57 earnings per share for the current year.

Analysts Set New Price Targets

PCAR has been the topic of a number of research analyst reports. Wells Fargo & Company set a $119.00 price target on PACCAR and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Truist Financial upped their price objective on shares of PACCAR from $108.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of PACCAR in a research report on Tuesday, February 24th. Zacks Research upgraded shares of PACCAR from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, PACCAR presently has a consensus rating of “Hold” and an average target price of $116.18.

Insider Buying and Selling

In other PACCAR news, CFO Brice J. Poplawski sold 2,200 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $130.41, for a total value of $286,902.00. Following the completion of the sale, the chief financial officer owned 903 shares of the company’s stock, valued at $117,760.23. The trade was a 70.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kevin D. Baney sold 9,672 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $126.53, for a total transaction of $1,223,798.16. Following the transaction, the executive vice president owned 12,592 shares in the company, valued at approximately $1,593,265.76. The trade was a 43.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 133,105 shares of company stock valued at $16,869,046 in the last 90 days. 1.99% of the stock is currently owned by corporate insiders.

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.