Mizuho Securities USA LLC Purchases 15,699 Shares of PACCAR Inc (NASDAQ:PCAR)

Mizuho Securities USA LLC grew its position in PACCAR Inc (NASDAQ:PCAR) by 46.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,692 shares of the company’s stock after acquiring an additional 15,699 shares during the quarter. Mizuho Securities USA LLC’s holdings in PACCAR were worth $5,169,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of PACCAR in the 4th quarter worth approximately $37,000. Kestra Investment Management LLC bought a new stake in shares of PACCAR in the 4th quarter worth approximately $37,000. OFI Invest Asset Management bought a new position in shares of PACCAR during the 4th quarter worth approximately $43,000. Atala Financial Inc bought a new position in shares of PACCAR during the 4th quarter worth approximately $43,000. Finally, Regents Gate Capital LLP bought a new position in shares of PACCAR during the 4th quarter worth approximately $44,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Down 1.2 %

NASDAQ PCAR opened at $97.11 on Friday. The stock has a fifty day moving average of $106.29 and a 200-day moving average of $106.48. The stock has a market capitalization of $50.96 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. On average, equities research analysts forecast that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, February 12th. This is a boost from PACCAR’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.36%. PACCAR’s payout ratio is 16.69%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Jefferies Financial Group downgraded PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Friday, December 6th. Evercore ISI cut their target price on PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Citigroup cut their target price on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Melius Research raised PACCAR to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, Truist Financial raised their price target on PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.23.

Insider Buying and Selling

In other PACCAR news, VP Michael K. Walton sold 6,000 shares of PACCAR stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total transaction of $636,780.00. Following the transaction, the vice president now directly owns 951 shares in the company, valued at approximately $100,929.63. The trade was a 86.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Todd R. Hubbard sold 2,000 shares of PACCAR 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 transaction, the vice president now owns 5,463 shares in the company, valued at approximately $612,129.15. This represents a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock valued at $18,261,908 over the last three months. Company insiders own 2.02% of the company’s stock.

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.