Generali Asset Management SPA SGR Takes Position in PACCAR Inc (NASDAQ:PCAR)

Generali Asset Management SPA SGR acquired a new stake in shares of PACCAR Inc (NASDAQ:PCAR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 61,880 shares of the company’s stock, valued at approximately $6,437,000.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of PACCAR in the fourth quarter worth $37,000. Kestra Investment Management LLC bought a new stake in shares of PACCAR in the fourth quarter worth $37,000. OFI Invest Asset Management bought a new stake in shares of PACCAR in the fourth quarter worth $43,000. Atala Financial Inc bought a new stake in shares of PACCAR in the fourth quarter worth $43,000. Finally, Regents Gate Capital LLP bought a new stake in shares of PACCAR in the fourth quarter worth $44,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

PCAR stock opened at $100.21 on Wednesday. The company has a market capitalization of $52.59 billion, a P/E ratio of 12.67, a PEG ratio of 2.77 and a beta of 0.91. The company has a 50-day simple moving average of $106.86 and a 200 day simple moving average of $106.50. PACCAR Inc has a fifty-two week low of $90.04 and a fifty-two week high of $125.50. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. Sell-side analysts predict that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a $3.00 dividend. This is an increase from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s dividend payout ratio is presently 16.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group lowered shares of PACCAR from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $124.00 to $108.00 in a research note on Tuesday. Jefferies Financial Group lowered shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Friday, December 6th. JPMorgan Chase & Co. lowered their target price on shares of PACCAR from $132.00 to $121.00 and set an “overweight” rating for the company in a research note on Tuesday. Evercore ISI lowered their target price on shares of PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, Citigroup lowered their target price on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $118.23.

Insider Buying and Selling at PACCAR

In other PACCAR news, EVP Darrin C. Siver sold 103,671 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the sale, the executive vice president now owns 61,005 shares in the company, valued at approximately $6,805,717.80. The trade was a 62.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $112.05, for a total value of $224,100.00. Following the sale, the vice president now owns 5,463 shares in the company, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 165,547 shares of company stock valued at $18,261,908. 2.02% of the stock is owned by insiders.

About PACCAR

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.