PACCAR Inc. $PCAR Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in PACCAR Inc. (NASDAQ:PCAR) by 34.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 128,742 shares of the company’s stock after buying an additional 32,839 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PACCAR were worth $14,137,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Compass Financial Management LLC acquired a new position in PACCAR in the 2nd quarter valued at approximately $28,000. Paladin Partners LLC acquired a new stake in shares of PACCAR during the 2nd quarter worth approximately $27,000. Fiduciary Financial Advisors acquired a new stake in shares of PACCAR during the 2nd quarter worth approximately $28,000. Continuum Advisory LLC bought a new stake in shares of PACCAR during the second quarter valued at approximately $29,000. Finally, EFG International AG bought a new stake in shares of PACCAR during the second quarter valued at approximately $30,000. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Stock Down 2.4%

Shares of PCAR opened at $106.96 on Friday. The stock has a market cap of $56.30 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 1.26 and a beta of 0.98. The company has a quick ratio of 2.90, a current ratio of 3.12 and a debt-to-equity ratio of 0.49. PACCAR Inc. has a 12 month low of $93.86 and a 12 month high of $139.24. The company has a 50-day moving average price of $117.32 and a two-hundred day moving average price of $120.21.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. PACCAR had a return on equity of 12.73% and a net margin of 9.00%. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same period in the prior year, the company posted $1.37 EPS. The company’s revenue was up .5% compared to the same quarter last year. Equities analysts predict that PACCAR Inc. will post 5.91 EPS for the current fiscal year.

PACCAR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 11th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.40 annualized dividend and a yield of 1.3%. PACCAR’s payout ratio is currently 29.41%.

Insider Buying and Selling

In other PACCAR news, VP Paulo Henrique Bolgar sold 2,897 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $133.90, for a total transaction of $387,908.30. Following the completion of the transaction, the vice president directly owned 3,831 shares in the company, valued at $512,970.90. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brice J. Poplawski sold 1,970 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $132.50, for a total value of $261,025.00. Following the transaction, the chief financial officer owned 1,391 shares of the company’s stock, valued at $184,307.50. This represents a 58.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 56,842 shares of company stock worth $7,565,677 in the last quarter. Corporate insiders own 1.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PCAR. Morgan Stanley set a $125.00 target price on PACCAR and gave the company an “equal weight” rating in a research note on Friday, September 4th. BNP Paribas Exane decreased their price target on shares of PACCAR from $136.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. JPMorgan Chase & Co. decreased their price target on shares of PACCAR from $164.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of PACCAR in a report on Tuesday, August 18th. Finally, Truist Financial set a $125.00 price objective on shares of PACCAR and gave the company a “hold” rating in a research note on Monday, October 5th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, PACCAR currently has a consensus rating of “Hold” and an average price target of $133.88.

PACCAR Company Profile

PACCAR Inc (NASDAQ: PCAR) is a global manufacturer of heavy- and medium-duty trucks. Through its Kenworth, Peterbilt and DAF brands, the company produces vehicles used for long-haul transportation, construction, distribution and other commercial applications. PACCAR also manufactures PACCAR-branded engines and provides related parts and aftermarket support.

The company’s operations extend across North America, Europe, South America, Australia and other international markets. In addition to truck manufacturing, PACCAR operates a worldwide parts distribution network and offers financial services, including retail financing and leasing for trucks and related equipment.