Nisa Investment Advisors LLC Purchases 8,375 Shares of PACCAR Inc. $PCAR

Nisa Investment Advisors LLC lifted its position in PACCAR Inc. (NASDAQ:PCAR) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 224,875 shares of the company’s stock after buying an additional 8,375 shares during the period. Nisa Investment Advisors LLC’s holdings in PACCAR were worth $24,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of PACCAR by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 63,111,444 shares of the company’s stock worth $6,205,117,000 after purchasing an additional 485,678 shares during the period. State Street Corp grew its position in PACCAR by 1.0% during the second quarter. State Street Corp now owns 22,534,596 shares of the company’s stock valued at $2,142,139,000 after buying an additional 218,188 shares during the period. Capital Research Global Investors grew its position in PACCAR by 20.3% during the third quarter. Capital Research Global Investors now owns 5,971,153 shares of the company’s stock valued at $587,084,000 after buying an additional 1,009,134 shares during the period. Invesco Ltd. increased its holdings in PACCAR by 3.5% during the third quarter. Invesco Ltd. now owns 5,396,888 shares of the company’s stock valued at $530,622,000 after buying an additional 184,502 shares during the last quarter. Finally, First Trust Advisors LP raised its position in PACCAR by 13.2% in the second quarter. First Trust Advisors LP now owns 4,325,789 shares of the company’s stock worth $411,210,000 after acquiring an additional 502,920 shares during the period. Institutional investors own 64.90% of the company’s stock.

PACCAR Trading Up 2.7%

PCAR stock opened at $115.50 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.98 and a quick ratio of 2.79. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $131.88. The business has a 50 day simple moving average of $121.77 and a two-hundred day simple moving average of $110.57. The company has a market capitalization of $60.78 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 0.94 and a beta of 1.03.

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

Insider Transactions at PACCAR

In related news, CFO Brice J. Poplawski sold 2,200 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $130.41, for a total value of $286,902.00. Following the sale, the chief financial officer directly owned 903 shares in the company, valued at approximately $117,760.23. The trade was a 70.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO R Preston Feight sold 9,258 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $129.70, for a total value of $1,200,762.60. Following the transaction, the chief executive officer directly owned 258,566 shares of the company’s stock, valued at approximately $33,536,010.20. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 133,105 shares of company stock valued at $16,869,046. 1.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PCAR shares. Sanford C. Bernstein reiterated 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 research report on Monday, December 8th. BNP Paribas Exane started coverage on PACCAR in a research report on Tuesday. They set a “neutral” rating and a $126.00 price objective on the stock. Wall Street Zen upgraded PACCAR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Citigroup increased their target price on shares of PACCAR from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, PACCAR has an average rating of “Hold” and a consensus price target of $117.00.

PACCAR Company Profile

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.