Ensign Peak Advisors Inc Sells 22,497 Shares of PACCAR Inc (NASDAQ:PCAR)

Ensign Peak Advisors Inc reduced its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 25.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,724 shares of the company's stock after selling 22,497 shares during the period. Ensign Peak Advisors Inc's holdings in PACCAR were worth $6,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Madrona Financial Services LLC raised its position in PACCAR by 1.1% during the fourth quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock valued at $837,000 after purchasing an additional 91 shares in the last quarter. Global Financial Private Client LLC raised its position in PACCAR by 1.0% during the fourth quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock valued at $1,011,000 after purchasing an additional 97 shares in the last quarter. PDS Planning Inc raised its position in PACCAR by 3.7% during the fourth quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after purchasing an additional 101 shares in the last quarter. Valley National Advisers Inc. raised its position in PACCAR by 0.6% during the fourth quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock valued at $1,982,000 after purchasing an additional 106 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in PACCAR by 14.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock valued at $88,000 after purchasing an additional 107 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors.

PACCAR Price Performance

Shares of NASDAQ:PCAR traded up $0.74 during trading on Friday, hitting $96.71. 2,436,378 shares of the company were exchanged, compared to its average volume of 2,776,311. The business's 50 day moving average is $93.34 and its 200-day moving average is $103.87. The company has a market capitalization of $50.77 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96. 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 Inc has a 1-year low of $84.65 and a 1-year high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $1.58 by ($0.12). The company had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.13 billion. PACCAR had a net margin of 12.36% and a return on equity of 23.53%. The business's revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.27 earnings per share. Equities analysts forecast that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be issued a $0.33 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.36%. PACCAR's payout ratio is 20.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on PCAR shares. StockNews.com upgraded shares of PACCAR from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley downgraded shares of PACCAR from an "overweight" rating to an "equal weight" rating and set a $96.00 price objective for the company. in a research report on Wednesday, April 16th. Melius upgraded shares of PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Citigroup lowered their price objective on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Evercore ISI lowered their price target on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $105.23.

Insider Activity at PACCAR

In other PACCAR news, VP Michael K. Walton sold 6,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total transaction of $636,780.00. Following the sale, the vice president now owns 951 shares of the company's stock, valued at approximately $100,929.63. This represents a 86.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Harrie Schippers sold 28,676 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.97, for a total transaction of $3,038,795.72. Following the sale, the chief financial officer now directly owns 114,659 shares in the company, 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 company insiders.

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.