Applied Capital LLC FL Sells 125 Shares of PACCAR Inc (NASDAQ:PCAR)

Applied Capital LLC FL reduced its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,086 shares of the company’s stock after selling 125 shares during the period. PACCAR comprises 2.0% of Applied Capital LLC FL’s investment portfolio, making the stock its 13th biggest position. Applied Capital LLC FL’s holdings in PACCAR were worth $2,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Insight Inv LLC lifted its holdings in PACCAR by 3.2% during the fourth quarter. Insight Inv LLC now owns 16,047 shares of the company’s stock valued at $1,669,000 after purchasing an additional 495 shares during the last quarter. Linden Thomas Advisory Services LLC raised its position in shares of PACCAR by 31.0% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,762 shares of the company’s stock valued at $703,000 after purchasing an additional 1,602 shares during the period. Fifth Third Bancorp lifted its stake in shares of PACCAR by 0.4% during the 4th quarter. Fifth Third Bancorp now owns 45,818 shares of the company’s stock valued at $4,766,000 after buying an additional 175 shares in the last quarter. CX Institutional boosted its holdings in PACCAR by 5.2% in the 4th quarter. CX Institutional now owns 11,829 shares of the company’s stock worth $1,230,000 after buying an additional 585 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in PACCAR by 3.2% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 690,665 shares of the company’s stock valued at $71,560,000 after buying an additional 21,607 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Kevin D. Baney sold 9,894 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $107.00, for a total transaction of $1,058,658.00. Following the transaction, the senior vice president now directly owns 7,121 shares in the company, valued at $761,947. This trade represents a 58.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R Preston Feight sold 27,191 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $103.52, for a total value of $2,814,812.32. Following the completion of the sale, the chief executive officer now owns 171,776 shares of the company’s stock, valued at $17,782,251.52. The trade was a 13.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,085 shares of company stock valued at $6,012,070. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Price Performance

PCAR opened at $109.90 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.03 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $57.62 billion, a P/E ratio of 12.28, a PEG ratio of 2.77 and a beta of 0.93. The stock has a 50-day moving average price of $110.55 and a 200-day moving average price of $104.33. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $125.50.

PACCAR Increases Dividend

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

Wall Street Analysts Forecast Growth

PCAR has been the subject of a number of analyst reports. Citigroup cut their price target on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Truist Financial raised their target price on PACCAR from $110.00 to $112.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $119.00 price target on shares of PACCAR in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price objective on shares of PACCAR from $122.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Evercore ISI raised shares of PACCAR from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $99.00 to $129.00 in a research note on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.23.

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.