PACCAR Inc (NASDAQ:PCAR) Stock Position Reduced by Waldron Private Wealth LLC

Waldron Private Wealth LLC cut its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,828 shares of the company’s stock after selling 132 shares during the period. Waldron Private Wealth LLC’s holdings in PACCAR were worth $486,000 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. Raymond James Financial Services Advisors Inc. grew its position in PACCAR by 18.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 107,018 shares of the company’s stock valued at $10,450,000 after purchasing an additional 16,360 shares in the last quarter. Aigen Investment Management LP bought a new stake in PACCAR in the third quarter worth approximately $319,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in PACCAR by 42.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 558,909 shares of the company’s stock worth $47,518,000 after acquiring an additional 166,628 shares in the last quarter. Pacer Advisors Inc. grew its position in PACCAR by 29.6% in the fourth quarter. Pacer Advisors Inc. now owns 71,727 shares of the company’s stock worth $7,004,000 after acquiring an additional 16,390 shares in the last quarter. Finally, Nilsine Partners LLC bought a new stake in PACCAR in the fourth quarter worth approximately $1,337,000. 64.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PACCAR

In other news, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $106.15, for a total value of $212,300.00. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $607,814.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other PACCAR news, VP Todd R. Hubbard sold 4,829 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $102.12, for a total transaction of $493,137.48. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $584,739.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the sale, the vice president now directly owns 5,726 shares in the company, valued at approximately $607,814.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,496 shares of company stock valued at $15,834,812. 2.02% of the stock is owned by insiders.

PACCAR Trading Down 0.1 %

Shares of PCAR stock opened at $118.02 on Tuesday. PACCAR Inc has a 52-week low of $68.40 and a 52-week high of $125.50. The stock has a market cap of $61.84 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 1.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 2.40. The firm has a fifty day moving average of $115.22 and a 200-day moving average of $100.23.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.45. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The company had revenue of $8.59 billion during the quarter, compared to analysts’ expectations of $8.48 billion. During the same quarter in the prior year, the company posted $1.76 EPS. The business’s revenue was up 11.1% on a year-over-year basis. On average, equities research analysts forecast that PACCAR Inc will post 8.16 earnings per share for the current fiscal year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, February 14th. PACCAR’s payout ratio is 12.31%.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley initiated coverage on shares of PACCAR in a research report on Monday, January 8th. They issued an “overweight” rating and a $125.00 target price for the company. Bank of America raised shares of 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 report on Friday, January 19th. The Goldman Sachs Group upped their price objective on shares of PACCAR from $93.00 to $106.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of PACCAR from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Evercore ISI upped their target price on shares of PACCAR from $94.00 to $101.00 and gave the company an “in-line” rating in a research note on Tuesday, February 20th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.75.

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.