Severin Investments LLC Takes $431,000 Position in PACCAR Inc. $PCAR

Severin Investments LLC bought a new position in shares of PACCAR Inc. (NASDAQ:PCAR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,383 shares of the company’s stock, valued at approximately $431,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of PACCAR by 0.3% during the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after purchasing an additional 290 shares during the period. Focus Partners Wealth lifted its holdings in shares of PACCAR by 15.4% in the first quarter. Focus Partners Wealth now owns 13,604 shares of the company’s stock valued at $1,324,000 after buying an additional 1,812 shares during the period. Foundations Investment Advisors LLC boosted its stake in PACCAR by 7.0% during the second quarter. Foundations Investment Advisors LLC now owns 3,532 shares of the company’s stock valued at $336,000 after buying an additional 232 shares in the last quarter. SG Americas Securities LLC grew its holdings in PACCAR by 39.6% during the second quarter. SG Americas Securities LLC now owns 21,068 shares of the company’s stock worth $2,003,000 after acquiring an additional 5,979 shares during the period. Finally, Cetera Investment Advisers grew its holdings in PACCAR by 2.7% during the second quarter. Cetera Investment Advisers now owns 48,282 shares of the company’s stock worth $4,590,000 after acquiring an additional 1,255 shares during the period. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PACCAR

In other PACCAR news, EVP Kevin D. Baney sold 9,672 shares of PACCAR stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $126.53, for a total transaction of $1,223,798.16. Following the transaction, the executive vice president directly owned 12,592 shares in the company, valued at approximately $1,593,265.76. The trade was a 43.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brice J. Poplawski sold 2,200 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $130.41, for a total transaction of $286,902.00. Following the sale, the chief financial officer directly owned 903 shares in the company, valued at approximately $117,760.23. This trade represents a 70.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 133,105 shares of company stock valued at $16,869,046 over the last three months. 2.02% of the stock is owned by insiders.

PACCAR Trading Down 0.6%

Shares of PCAR opened at $114.69 on Thursday. The business’s 50-day moving average price is $122.80 and its 200 day moving average price is $109.55. The company has a current ratio of 2.98, a quick ratio of 2.79 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $60.31 billion, a P/E ratio of 25.43, a P/E/G ratio of 0.97 and a beta of 1.03. PACCAR Inc. has a 1-year low of $84.65 and a 1-year high of $131.88.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. PACCAR had a net margin of 8.35% and a return on equity of 13.97%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same period in the prior year, the firm earned $1.66 earnings per share. The business’s quarterly revenue was down 15.1% on a year-over-year basis. Analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Citigroup upped their price target on shares of PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Wells Fargo & Company set a $119.00 target price on shares of PACCAR and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Zacks Research raised shares of PACCAR from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Truist Financial raised their target price on shares of PACCAR from $108.00 to $120.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Finally, Morgan Stanley set a $109.00 price target on shares of PACCAR and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $116.18.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.