PACCAR Inc (NASDAQ:PCAR) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC raised its position in PACCAR Inc (NASDAQ:PCAR) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,661 shares of the company’s stock after buying an additional 3,046 shares during the period. HB Wealth Management LLC’s holdings in PACCAR were worth $3,710,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Quarry LP acquired a new stake in PACCAR during the 2nd quarter valued at approximately $26,000. Grove Bank & Trust grew its position in shares of PACCAR by 28.4% during the third quarter. Grove Bank & Trust now owns 466 shares of the company’s stock worth $46,000 after buying an additional 103 shares in the last quarter. Sander Capital Advisors Inc. bought a new stake in shares of PACCAR in the third quarter worth $50,000. Ashton Thomas Securities LLC acquired a new stake in PACCAR in the third quarter valued at $52,000. Finally, AdvisorNet Financial Inc boosted its stake in PACCAR by 223.4% during the 4th quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock valued at $59,000 after acquiring an additional 391 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $119.00 price target on shares of PACCAR in a research report on Monday, November 4th. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and upped their price target for the company from $99.00 to $129.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their price objective on shares of PACCAR from $122.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Citigroup dropped their target price on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. 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, PACCAR currently has a consensus rating of “Hold” and an average price target of $120.13.

Insider Buying and Selling

In other news, CEO R Preston Feight sold 27,191 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $103.52, for a total transaction of $2,814,812.32. Following the completion of the sale, the chief executive officer now directly owns 171,776 shares of the company’s stock, valued at $17,782,251.52. This trade represents a 13.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Todd R. Hubbard sold 3,230 shares of PACCAR stock in a transaction on Friday, October 25th. The stock was sold at an average price of $107.27, for a total value of $346,482.10. Following the completion of the transaction, the vice president now owns 3,061 shares in the company, valued at $328,353.47. The trade was a 51.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,315 shares of company stock valued at $6,358,552 over the last three months. Company insiders own 2.02% of the company’s stock.

PACCAR Price Performance

Shares of PCAR opened at $110.33 on Monday. The firm has a market capitalization of $57.85 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.72 and a beta of 0.93. The stock’s fifty day moving average is $111.10 and its 200-day moving average is $104.05. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.03. The business had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $7.66 billion. PACCAR had a net margin of 13.51% and a return on equity of 27.24%. The business’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm posted $2.34 earnings per share. Equities analysts anticipate that PACCAR Inc will post 7.92 EPS for the current year.

PACCAR Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio (DPR) is currently 13.41%.

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.