Beverly Hills Private Wealth LLC Has $1.70 Million Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Beverly Hills Private Wealth LLC trimmed its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,333 shares of the company's stock after selling 2,928 shares during the quarter. Beverly Hills Private Wealth LLC's holdings in PACCAR were worth $1,699,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its stake in PACCAR by 221.8% in the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock worth $29,000 after purchasing an additional 193 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of PACCAR in the fourth quarter valued at approximately $37,000. Kestra Investment Management LLC bought a new position in PACCAR in the 4th quarter worth approximately $37,000. OFI Invest Asset Management acquired a new position in PACCAR during the 4th quarter worth $43,000. Finally, Atala Financial Inc acquired a new position in PACCAR during the 4th quarter worth $43,000. 64.90% of the stock is owned by institutional investors.

Insider Activity at PACCAR

In related news, VP Michael K. Walton sold 6,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total value of $636,780.00. Following the sale, the vice president now directly owns 951 shares of the company's stock, valued at $100,929.63. This trade represents a 86.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Harrie Schippers sold 28,676 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.97, for a total transaction of $3,038,795.72. Following the completion of the transaction, the chief financial officer now directly owns 114,659 shares of the company's stock, valued at $12,150,414.23. This trade represents a 20.01 % decrease in their position. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Stock Down 0.3 %

Shares of NASDAQ PCAR traded down $0.26 during trading hours on Wednesday, hitting $88.72. The company had a trading volume of 2,351,540 shares, compared to its average volume of 2,756,735. The stock has a market capitalization of $46.57 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. PACCAR Inc has a 1-year low of $84.65 and a 1-year high of $118.81. The firm's 50 day moving average is $95.31 and its 200-day moving average is $104.53. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.12). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. The business had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. The business's revenue was down 16.0% compared to the same quarter last year. On average, analysts expect that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.49%. PACCAR's payout ratio is 20.00%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PCAR shares. StockNews.com cut shares of PACCAR from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut PACCAR from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $105.00 to $90.00 in a research note on Wednesday, April 30th. Bank of America raised shares of PACCAR from a "neutral" rating to a "buy" rating and lifted their price target for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. Melius Research set a $120.00 price objective on shares of PACCAR in a research report on Tuesday, March 18th. Finally, Morgan Stanley lowered shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 target price for the company. in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PACCAR currently has a consensus rating of "Hold" and an average price target of $107.23.

PACCAR 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.