United Capital Financial Advisors LLC Purchases 684 Shares of PACCAR Inc (NASDAQ:PCAR)

United Capital Financial Advisors LLC raised its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,760 shares of the company’s stock after acquiring an additional 684 shares during the quarter. United Capital Financial Advisors LLC’s holdings in PACCAR were worth $2,367,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PCAR. Meeder Asset Management Inc. raised its holdings in PACCAR by 221.8% during the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company’s stock worth $29,000 after acquiring an additional 193 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of PACCAR during the 4th quarter worth approximately $37,000. Kestra Investment Management LLC bought a new stake in shares of PACCAR during the 4th quarter worth approximately $37,000. Atala Financial Inc acquired a new stake in shares of PACCAR in the 4th quarter valued at approximately $43,000. Finally, Regents Gate Capital LLP bought a new position in shares of PACCAR in the fourth quarter valued at $44,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Trading Up 1.6 %

PACCAR stock opened at $88.17 on Friday. The firm’s fifty day moving average price is $99.45 and its 200-day moving average price is $105.82. PACCAR Inc has a fifty-two week low of $85.10 and a fifty-two week high of $118.81. The stock has a market cap of $46.28 billion, a P/E ratio of 11.15, a PEG ratio of 2.77 and a beta of 0.96. 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 (NASDAQ:PCAR) last posted its quarterly earnings results 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 net margin of 12.36% and a return on equity of 23.53%. Equities research analysts forecast that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from PACCAR’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 1.50%. PACCAR’s payout ratio is 16.69%.

Insider Activity at PACCAR

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the sale, the vice president now owns 5,463 shares in the company, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R Preston Feight sold 25,200 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the transaction, the chief executive officer now directly owns 206,129 shares of the company’s stock, valued at $22,876,196.42. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,547 shares of company stock valued at $18,261,908. 2.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PCAR has been the subject of a number of analyst reports. Melius Research set a $120.00 price objective on shares of PACCAR in a research report on Tuesday, March 18th. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on PACCAR from $121.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Truist Financial reduced their target price on PACCAR from $113.00 to $104.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Finally, Evercore ISI dropped their price target on PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $108.59.

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.