Financial Engines Advisors L.L.C. Has $627,000 Stock Position in PACCAR Inc (NASDAQ:PCAR)

Financial Engines Advisors L.L.C. boosted its position in PACCAR Inc (NASDAQ:PCAR) by 61.0% in the 4th quarter, HoldingsChannel reports. The firm owned 6,031 shares of the company’s stock after acquiring an additional 2,284 shares during the period. Financial Engines Advisors L.L.C.’s holdings in PACCAR were worth $627,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in shares of PACCAR during the 4th quarter worth approximately $37,000. Kestra Investment Management LLC bought a new position in PACCAR in the fourth quarter valued at about $37,000. OFI Invest Asset Management acquired a new position in PACCAR during the 4th quarter worth approximately $43,000. Atala Financial Inc acquired a new position in shares of PACCAR during the fourth quarter worth $43,000. Finally, Regents Gate Capital LLP bought a new position in PACCAR in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insider Buying and Selling

In other news, VP Michael K. Walton sold 6,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the sale, the vice president now owns 951 shares of the company’s stock, valued at approximately $100,929.63. This represents a 86.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Harrie Schippers sold 28,676 shares of PACCAR stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.97, for a total transaction of $3,038,795.72. Following the transaction, the chief financial officer now directly owns 114,659 shares of the company’s stock, valued at approximately $12,150,414.23. This represents a 20.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 165,547 shares of company stock worth $18,261,908. Corporate insiders own 2.02% of the company’s stock.

PACCAR Stock Performance

Shares of PCAR stock opened at $98.19 on Friday. 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 Inc has a 52 week low of $90.04 and a 52 week high of $125.50. The firm has a market capitalization of $51.54 billion, a PE ratio of 12.41, a P/E/G ratio of 2.77 and a beta of 0.91. The company has a 50 day moving average price of $105.45 and a 200-day moving average price of $106.54.

PACCAR (NASDAQ:PCAR) last released its earnings results 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%. As a group, equities research analysts expect that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently declared 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. This is an increase from PACCAR’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 12th. This represents a $1.32 dividend on an annualized basis and a yield of 1.34%. PACCAR’s dividend payout ratio is presently 16.69%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PCAR. JPMorgan Chase & Co. cut their price target on shares of PACCAR from $132.00 to $121.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Melius Research set a $120.00 target price on shares of PACCAR in a research report on Tuesday, March 18th. UBS Group lowered shares of PACCAR from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $124.00 to $108.00 in a report on Tuesday, March 18th. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and raised their price objective for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. Finally, Citigroup cut their target price on PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PACCAR currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.38.

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.