PACCAR Inc (NASDAQ:PCAR) Shares Purchased by PDS Planning Inc

PDS Planning Inc boosted its holdings in PACCAR Inc (NASDAQ:PCAR) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,810 shares of the company’s stock after buying an additional 101 shares during the quarter. PDS Planning Inc’s holdings in PACCAR were worth $292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of PACCAR by 3.5% in the fourth quarter. Parallel Advisors LLC now owns 8,123 shares of the company’s stock valued at $845,000 after acquiring an additional 278 shares during the period. Cibc World Markets Corp boosted its holdings in shares of PACCAR by 14.1% in the fourth quarter. Cibc World Markets Corp now owns 94,321 shares of the company’s stock valued at $9,811,000 after acquiring an additional 11,683 shares during the period. Twin Tree Management LP boosted its holdings in shares of PACCAR by 42.0% in the fourth quarter. Twin Tree Management LP now owns 129,306 shares of the company’s stock valued at $13,450,000 after acquiring an additional 38,276 shares during the period. Harbour Investments Inc. boosted its holdings in shares of PACCAR by 17.1% in the fourth quarter. Harbour Investments Inc. now owns 1,492 shares of the company’s stock valued at $155,000 after acquiring an additional 218 shares during the period. Finally, Gitterman Wealth Management LLC acquired a new stake in shares of PACCAR in the fourth quarter valued at approximately $353,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $112.05, for a total value of $224,100.00. Following the completion of the transaction, the vice president now owns 5,463 shares in the company, valued at $612,129.15. This trade represents a 26.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO R Preston Feight sold 25,200 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $110.98, for a total value of $2,796,696.00. Following the completion of the transaction, the chief executive officer now owns 206,129 shares of the company’s stock, valued at approximately $22,876,196.42. This represents a 10.89 % decrease in their position. 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. 2.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group downgraded PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Friday, December 6th. Evercore ISI decreased their price objective on PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Melius raised PACCAR from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup decreased their price objective on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, Truist Financial upped their price target on PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $118.23.

PACCAR Trading Down 0.9 %

NASDAQ:PCAR opened at $100.21 on Wednesday. The stock has a fifty day moving average price of $106.86 and a two-hundred day moving average price of $106.50. The stock has a market capitalization of $52.59 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 2.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $125.50.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that PACCAR Inc will post 7.57 earnings per share for the current fiscal 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 given a $3.00 dividend. This is a boost from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s dividend payout ratio is presently 16.69%.

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.