Signaturefd LLC Has $598,000 Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Signaturefd LLC raised its position in PACCAR Inc (NASDAQ:PCAR) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,129 shares of the company’s stock after buying an additional 359 shares during the quarter. Signaturefd LLC’s holdings in PACCAR were worth $598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its position in shares of PACCAR by 24.5% during the 4th quarter. Lindbrook Capital LLC now owns 2,429 shares of the company’s stock valued at $237,000 after acquiring an additional 478 shares during the period. abrdn plc lifted its position in shares of PACCAR by 50.9% during the 4th quarter. abrdn plc now owns 264,756 shares of the company’s stock valued at $25,853,000 after acquiring an additional 89,359 shares during the period. J.W. Cole Advisors Inc. lifted its position in shares of PACCAR by 42.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 13,810 shares of the company’s stock valued at $1,349,000 after acquiring an additional 4,146 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in shares of PACCAR during the 4th quarter valued at $133,000. Finally, Greenleaf Trust lifted its position in shares of PACCAR by 1.6% during the 4th quarter. Greenleaf Trust now owns 11,304 shares of the company’s stock valued at $1,104,000 after acquiring an additional 178 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Harrie Schippers sold 5,000 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $102.27, for a total value of $511,350.00. Following the completion of the sale, 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 legal filing with the SEC, which is available at this link. In related news, CFO Harrie Schippers sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $102.27, for a total transaction of $511,350.00. Following the completion of the sale, the chief financial officer now owns 103,547 shares of the company’s stock, valued at $10,589,751.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.15, for a total value of $212,300.00. Following the sale, the vice president now directly owns 5,726 shares of the company’s stock, valued at approximately $607,814.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,496 shares of company stock valued at $15,834,812. Company insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PCAR. JPMorgan Chase & Co. upped their target price on PACCAR from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. TD Cowen upped their price objective on PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Evercore ISI upped their price objective on PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Bank of America upgraded PACCAR from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $84.00 to $97.00 in a research report on Friday, January 19th. Finally, UBS Group upgraded PACCAR from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $104.00 to $136.00 in a research report on Friday, March 15th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.82.

PACCAR Price Performance

PACCAR stock opened at $113.32 on Wednesday. The company has a market capitalization of $59.38 billion, a PE ratio of 12.92, a P/E/G ratio of 1.69 and a beta of 0.92. The stock has a 50-day moving average price of $116.26 and a two-hundred day moving average price of $101.43. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. PACCAR Inc has a 12 month low of $68.40 and a 12 month high of $125.50.

PACCAR (NASDAQ:PCAR) last issued its quarterly 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 company had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $8.48 billion. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 earnings per share. Analysts expect that PACCAR Inc will post 8.21 EPS for the current year.

PACCAR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 0.95%. PACCAR’s payout ratio is 12.31%.

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.