PACCAR Inc (NASDAQ:PCAR) Shares Sold by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC cut its position in PACCAR Inc (NASDAQ:PCARFree Report) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,868 shares of the company’s stock after selling 437 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in PACCAR were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Quarry LP acquired a new position in PACCAR during the second quarter worth $26,000. Grove Bank & Trust boosted its position in shares of PACCAR by 28.4% during the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company’s stock valued at $46,000 after acquiring an additional 103 shares during the last quarter. Sander Capital Advisors Inc. purchased a new stake in shares of PACCAR in the third quarter valued at about $50,000. Ashton Thomas Securities LLC acquired a new stake in PACCAR during the third quarter worth about $52,000. Finally, AdvisorNet Financial Inc raised its stake in PACCAR by 223.4% during the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock worth $59,000 after purchasing an additional 391 shares during the period. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $119.00 price objective on shares of PACCAR in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price target on PACCAR from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. BNP Paribas raised PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $121.50 in a research note on Tuesday, January 14th. Finally, Truist Financial boosted their price target on shares of PACCAR from $110.00 to $112.00 and gave the company a “hold” rating in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, PACCAR presently has a consensus rating of “Hold” and a consensus target price of $120.13.

Get Our Latest Analysis on PCAR

PACCAR Trading Up 0.8 %

Shares of PCAR stock opened at $110.33 on Friday. The firm has a market cap of $57.85 billion, a P/E ratio of 12.33, a PEG ratio of 1.72 and a beta of 0.93. The firm’s 50-day simple moving average is $111.10 and its 200-day simple moving average is $104.03. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.03.

PACCAR (NASDAQ:PCARGet Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.03. The firm had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.34 EPS. As a group, equities analysts forecast that PACCAR Inc will post 7.92 EPS for the current year.

PACCAR Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is an increase from PACCAR’s previous dividend of $0.89. PACCAR’s payout ratio is currently 13.41%.

Insider Buying and Selling at PACCAR

In other PACCAR news, VP Todd R. Hubbard sold 3,230 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $107.27, for a total transaction of $346,482.10. Following the sale, the vice president now directly owns 3,061 shares of the company’s stock, valued at approximately $328,353.47. This represents a 51.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R Preston Feight sold 27,191 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $103.52, for a total transaction of $2,814,812.32. Following the sale, the chief executive officer now owns 171,776 shares in the company, valued at approximately $17,782,251.52. This trade represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,315 shares of company stock valued at $6,358,552 in the last three months. Corporate insiders own 2.02% of the company’s stock.

PACCAR Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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