PACCAR Inc (NASDAQ:PCAR) Shares Purchased by ORG Partners LLC

ORG Partners LLC boosted its stake in PACCAR Inc (NASDAQ:PCAR) by 6,200.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 378 shares of the company’s stock after buying an additional 372 shares during the quarter. ORG Partners LLC’s holdings in PACCAR were worth $37,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Clarius Group LLC raised its holdings in shares of PACCAR by 52.7% in the fourth quarter. Clarius Group LLC now owns 1,012,755 shares of the company’s stock worth $98,896,000 after acquiring an additional 349,727 shares during the last quarter. Aspire Capital Advisors LLC raised its stake in PACCAR by 175.7% in the 4th quarter. Aspire Capital Advisors LLC now owns 23,004 shares of the company’s stock valued at $2,246,000 after purchasing an additional 14,661 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in PACCAR by 26.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 5,952 shares of the company’s stock valued at $581,000 after purchasing an additional 1,240 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new stake in shares of PACCAR during the 4th quarter worth about $205,000. Finally, GHP Investment Advisors Inc. boosted its stake in shares of PACCAR by 20.9% during the 4th quarter. GHP Investment Advisors Inc. now owns 45,816 shares of the company’s stock worth $4,474,000 after purchasing an additional 7,917 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insider Transactions at PACCAR

In related news, SVP Kevin D. Baney sold 7,203 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $103.03, for a total value of $742,125.09. Following the completion of the transaction, the senior vice president now owns 6,621 shares of the company’s stock, valued at $682,161.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Kevin D. Baney sold 7,203 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $103.03, for a total value of $742,125.09. Following the sale, the senior vice president now directly owns 6,621 shares of the company’s stock, valued at $682,161.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Todd R. Hubbard sold 4,829 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $102.12, for a total transaction of $493,137.48. Following the transaction, the vice president now owns 5,726 shares in the company, valued at $584,739.12. 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 insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PCAR. Truist Financial initiated coverage on shares of PACCAR in a research note on Thursday, March 14th. They set a “hold” rating and a $117.00 price objective on the stock. Morgan Stanley initiated coverage on PACCAR in a research report on Monday, January 8th. They set an “overweight” rating and a $125.00 target price on the stock. The Goldman Sachs Group lifted their price target on PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday. Bank of America upgraded shares of PACCAR from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $84.00 to $97.00 in a report on Friday, January 19th. Finally, UBS Group upgraded shares of 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 report on Friday, March 15th. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, PACCAR has a consensus rating of “Moderate Buy” and an average price target of $110.82.

PACCAR Price Performance

PCAR stock opened at $117.54 on Wednesday. The firm has a market cap of $61.59 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 2.40. PACCAR Inc has a 1 year low of $68.40 and a 1 year high of $125.50. The stock has a 50-day simple moving average of $115.48 and a 200-day simple moving average of $100.46.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.45. The business had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.48 billion. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. On average, equities analysts predict that PACCAR Inc will post 8.16 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.92%. PACCAR’s dividend payout ratio is presently 12.31%.

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.