Nomura Holdings Inc. Has $1.03 Million Stock Position in PACCAR Inc (NASDAQ:PCAR)

Nomura Holdings Inc. cut its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 90.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,540 shares of the company’s stock after selling 101,460 shares during the period. Nomura Holdings Inc.’s holdings in PACCAR were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Morningstar Investment Management LLC grew its stake in shares of PACCAR by 1.3% during the fourth quarter. Morningstar Investment Management LLC now owns 7,575 shares of the company’s stock worth $740,000 after purchasing an additional 97 shares during the period. Kingsview Wealth Management LLC grew its position in shares of PACCAR by 3.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 3,223 shares of the company’s stock worth $315,000 after buying an additional 100 shares during the period. FORVIS Wealth Advisors LLC increased its stake in shares of PACCAR by 0.5% in the 4th quarter. FORVIS Wealth Advisors LLC now owns 22,097 shares of the company’s stock valued at $2,158,000 after acquiring an additional 109 shares during the last quarter. Pinnacle West Asset Management Inc. raised its position in shares of PACCAR by 3.2% in the 4th quarter. Pinnacle West Asset Management Inc. now owns 4,025 shares of the company’s stock valued at $393,000 after acquiring an additional 125 shares during the period. Finally, Blue Trust Inc. boosted its stake in PACCAR by 39.3% during the 4th quarter. Blue Trust Inc. now owns 450 shares of the company’s stock worth $44,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

Shares of PCAR stock opened at $107.23 on Friday. The firm has a market cap of $56.20 billion, a PE ratio of 11.12, a P/E/G ratio of 1.65 and a beta of 0.94. PACCAR Inc has a 12 month low of $76.93 and a 12 month high of $125.50. The company’s fifty day simple moving average is $108.88 and its 200-day simple moving average is $107.22. The company has a quick ratio of 2.49, a current ratio of 2.73 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $2.27 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 analysts’ expectations of $8.25 billion. PACCAR had a net margin of 14.30% and a return on equity of 31.71%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.25 EPS. Equities research analysts expect that PACCAR Inc will post 8.36 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 14th. This is a boost from PACCAR’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.12%. PACCAR’s dividend payout ratio is 12.45%.

Insider Buying and Selling at PACCAR

In other news, VP Brice J. Poplawski sold 2,067 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $109.40, for a total transaction of $226,129.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Michael K. Walton sold 9,123 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $105.11, for a total value of $958,918.53. Following the completion of the sale, the vice president now directly owns 1,468 shares in the company, valued at approximately $154,301.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brice J. Poplawski sold 2,067 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $109.40, for a total value of $226,129.80. The disclosure for this sale can be found here. Insiders sold a total of 45,040 shares of company stock worth $4,779,241 over the last ninety days. 2.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on PCAR. The Goldman Sachs Group increased their target price on shares of PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Royal Bank of Canada began coverage on PACCAR in a report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 target price on the stock. UBS Group raised PACCAR from a “neutral” rating to a “buy” rating and boosted their target price for the company from $104.00 to $136.00 in a research note on Friday, March 15th. JPMorgan Chase & Co. cut their price objective on PACCAR from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Finally, Truist Financial reiterated a “hold” rating and issued a $121.00 price objective (up from $117.00) on shares of PACCAR in a research report on Thursday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.62.

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.