Y.D. More Investments Ltd Buys 18,224 Shares of PACCAR Inc. $PCAR

Y.D. More Investments Ltd boosted its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 13,017.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,364 shares of the company’s stock after purchasing an additional 18,224 shares during the period. Y.D. More Investments Ltd’s holdings in PACCAR were worth $2,011,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PCAR. First Pacific Financial increased its stake in PACCAR by 11.1% in the 4th quarter. First Pacific Financial now owns 1,058 shares of the company’s stock worth $116,000 after buying an additional 106 shares during the period. Fulton Bank N.A. boosted its position in PACCAR by 3.2% in the 4th quarter. Fulton Bank N.A. now owns 3,458 shares of the company’s stock valued at $379,000 after buying an additional 107 shares during the period. Foundations Investment Advisors LLC grew its stake in PACCAR by 3.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,640 shares of the company’s stock worth $358,000 after acquiring an additional 108 shares in the last quarter. Matrix Trust Co grew its stake in PACCAR by 3.9% in the 3rd quarter. Matrix Trust Co now owns 2,948 shares of the company’s stock worth $290,000 after acquiring an additional 110 shares in the last quarter. Finally, Forbes J M & Co. LLP raised its stake in shares of PACCAR by 4.3% during the third quarter. Forbes J M & Co. LLP now owns 2,664 shares of the company’s stock valued at $262,000 after acquiring an additional 111 shares in the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Price Performance

NASDAQ:PCAR opened at $118.32 on Monday. The firm has a market cap of $62.27 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 0.99 and a beta of 1.06. PACCAR Inc. has a one year low of $84.65 and a one year high of $131.88. The firm’s fifty day moving average is $121.48 and its two-hundred day moving average is $110.91. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.79 and a current ratio of 2.98.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.06 billion. During the same period last year, the company earned $1.66 earnings per share. PACCAR’s quarterly revenue was down 15.1% compared to the same quarter last year. Research analysts expect that PACCAR Inc. will post 7.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup upped their price target on shares of PACCAR from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Wells Fargo & Company set a $119.00 price objective on shares of PACCAR and gave the company an “equal weight” rating in a report on Friday, January 23rd. Sanford C. Bernstein reissued an “outperform” rating on shares of PACCAR in a research note on Tuesday, February 24th. Zacks Research upgraded PACCAR from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, BNP Paribas Exane assumed coverage on PACCAR in a research report on Tuesday, March 31st. They set a “neutral” rating and a $126.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, PACCAR presently has an average rating of “Hold” and an average price target of $117.00.

Insiders Place Their Bets

In other PACCAR news, VP Paulo Henrique Bolgar sold 12,183 shares of PACCAR stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $122.43, for a total transaction of $1,491,564.69. Following the transaction, the vice president directly owned 6,274 shares of the company’s stock, valued at $768,125.82. The trade was a 66.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brice J. Poplawski sold 2,200 shares of PACCAR stock in a transaction on 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 in the company, valued at $117,760.23. This represents a 70.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 133,105 shares of company stock worth $16,869,046. 2.02% of the stock is currently owned by company 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.