PACCAR Inc (NASDAQ:PCAR) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in PACCAR Inc (NASDAQ:PCAR) by 12.5% in the third quarter, HoldingsChannel reports. The firm owned 797,521 shares of the company’s stock after buying an additional 88,784 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in PACCAR were worth $78,699,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings in PACCAR by 80.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 51,987 shares of the company’s stock worth $5,130,000 after purchasing an additional 23,116 shares during the period. Commerce Bank grew its position in shares of PACCAR by 3.7% during the third quarter. Commerce Bank now owns 27,202 shares of the company’s stock worth $2,684,000 after buying an additional 981 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of PACCAR by 1.1% during the third quarter. PNC Financial Services Group Inc. now owns 371,719 shares of the company’s stock worth $36,681,000 after buying an additional 3,924 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in PACCAR in the third quarter valued at approximately $2,157,000. Finally, Banque Cantonale Vaudoise lifted its stake in PACCAR by 73.9% in the third quarter. Banque Cantonale Vaudoise now owns 10,291 shares of the company’s stock worth $1,016,000 after acquiring an additional 4,372 shares during the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial increased their target price on PACCAR from $103.00 to $107.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $99.00 to $129.00 in a research report on Wednesday, November 13th. Morgan Stanley decreased their target price on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. BNP Paribas upgraded shares of PACCAR to a “hold” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PACCAR from $125.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, PACCAR presently has an average rating of “Hold” and an average target price of $117.64.

Insider Transactions at PACCAR

In related news, CEO R Preston Feight sold 27,191 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $103.52, for a total value of $2,814,812.32. Following the sale, the chief executive officer now owns 171,776 shares in the company, valued at $17,782,251.52. This represents a 13.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Harrie Schippers sold 20,000 shares of PACCAR stock in a transaction on Monday, October 28th. The stock was sold at an average price of $106.93, for a total value of $2,138,600.00. Following the transaction, the chief financial officer now directly owns 105,558 shares of the company’s stock, valued at approximately $11,287,316.94. This represents a 15.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,315 shares of company stock valued at $6,358,552 in the last ninety days. 2.02% of the stock is currently owned by company insiders.

PACCAR Trading Up 3.7 %

NASDAQ PCAR opened at $114.08 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $59.81 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.73 and a beta of 0.89. PACCAR Inc has a 52-week low of $90.04 and a 52-week high of $125.50. The firm has a 50-day moving average price of $105.38 and a 200 day moving average price of $102.98.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.82 by $0.03. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The business had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $7.66 billion. During the same period last year, the firm earned $2.34 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts expect that PACCAR Inc will post 7.98 EPS for the current year.

PACCAR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.05%. PACCAR’s payout ratio is currently 13.41%.

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.