Natixis Advisors L.P. Has $28.05 Million Stock Position in PACCAR Inc (NASDAQ:PCAR)

Natixis Advisors L.P. boosted its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 50.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 287,213 shares of the company’s stock after buying an additional 95,768 shares during the quarter. Natixis Advisors L.P.’s holdings in PACCAR were worth $28,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its stake in shares of PACCAR by 188.5% in the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after buying an additional 181 shares during the period. OFI Invest Asset Management bought a new stake in shares of PACCAR in the 3rd quarter worth approximately $26,000. ORG Partners LLC grew its holdings in shares of PACCAR by 6,200.0% during the 4th quarter. ORG Partners LLC now owns 378 shares of the company’s stock worth $37,000 after purchasing an additional 372 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of PACCAR during the fourth quarter valued at approximately $37,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of PACCAR in the fourth quarter valued at $39,000. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PCAR has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of PACCAR from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday. Royal Bank of Canada initiated coverage on shares of PACCAR in a research report on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 price target for the company. Bank of America upgraded PACCAR from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $84.00 to $97.00 in a research note on Friday, January 19th. The Goldman Sachs Group boosted their target price on shares of PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, UBS Group raised shares of PACCAR from a “neutral” rating to a “buy” rating and lifted their price target for the company from $104.00 to $136.00 in a report on Friday, March 15th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.62.

Insiders Place Their Bets

In related news, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.15, for a total transaction of $212,300.00. Following the completion of the sale, the vice president now directly owns 5,726 shares of the company’s stock, valued at $607,814.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Harrie Schippers sold 32,797 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.08, for a total value of $3,479,105.76. Following the transaction, the chief financial officer now directly owns 103,547 shares in the company, valued at approximately $10,984,265.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $106.15, for a total value of $212,300.00. Following the completion of the sale, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $607,814.90. The disclosure for this sale can be found here. Company insiders own 2.02% of the company’s stock.

PACCAR Price Performance

Shares of PCAR stock opened at $104.79 on Friday. PACCAR Inc has a 1 year low of $68.40 and a 1 year high of $125.50. The company has a current ratio of 1.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $116.42 and its 200-day moving average is $102.53. The firm has a market capitalization of $54.91 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 1.63 and a beta of 0.96.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.07. The firm had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.25 billion. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.25 EPS. Sell-side analysts forecast that PACCAR Inc will post 8.26 EPS for the current fiscal year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. This is a positive change from PACCAR’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, May 14th. PACCAR’s dividend payout ratio (DPR) is presently 11.20%.

PACCAR 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.