Lindbrook Capital LLC Acquires 478 Shares of PACCAR Inc (NASDAQ:PCAR)

Lindbrook Capital LLC grew its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 24.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,429 shares of the company’s stock after purchasing an additional 478 shares during the period. Lindbrook Capital LLC’s holdings in PACCAR were worth $237,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FORVIS Wealth Advisors LLC lifted its stake in PACCAR by 0.5% during 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 in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of PACCAR by 0.9% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 14,478 shares of the company’s stock valued at $1,231,000 after purchasing an additional 124 shares in the last quarter. Blue Trust Inc. boosted its holdings in PACCAR by 39.3% during the fourth quarter. Blue Trust Inc. now owns 450 shares of the company’s stock worth $44,000 after purchasing an additional 127 shares during the last quarter. ST Germain D J Co. Inc. grew its position in PACCAR by 61.9% in the 3rd quarter. ST Germain D J Co. Inc. now owns 340 shares of the company’s stock worth $29,000 after purchasing an additional 130 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in PACCAR by 0.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 35,869 shares of the company’s stock valued at $3,050,000 after buying an additional 142 shares during the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Royal Bank of Canada initiated coverage on PACCAR in a research note on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 price objective for the company. Evercore ISI lifted their target price on PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. Bank of America raised shares of PACCAR from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $84.00 to $97.00 in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of PACCAR from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.82.

PACCAR Trading Up 1.3 %

Shares of PCAR stock opened at $112.58 on Tuesday. The stock has a market capitalization of $58.99 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.67 and a beta of 0.92. The company’s fifty day simple moving average is $116.10 and its two-hundred day simple moving average is $101.25. PACCAR Inc has a 1 year low of $68.40 and a 1 year high of $125.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.40 and a quick ratio of 2.21.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.45. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The company had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.48 billion. During the same period in the previous year, the company posted $1.76 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, analysts anticipate that PACCAR Inc will post 8.21 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Wednesday, February 14th. PACCAR’s dividend payout ratio is presently 12.31%.

Insider Transactions at PACCAR

In related news, CFO Harrie Schippers sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $102.27, for a total transaction of $511,350.00. Following the completion of the transaction, the chief financial officer now owns 103,547 shares of the company’s stock, valued at $10,589,751.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other PACCAR news, VP Todd R. Hubbard sold 4,829 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $102.12, for a total value of $493,137.48. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $584,739.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Harrie Schippers sold 5,000 shares of PACCAR stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $102.27, for a total value of $511,350.00. Following the sale, the chief financial officer now owns 103,547 shares of the company’s stock, valued at approximately $10,589,751.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 153,496 shares of company stock valued at $15,834,812. 2.02% of the stock is currently owned by corporate insiders.

About PACCAR

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.