16,721 Shares in PACCAR Inc. $PCAR Acquired by 1834 Investment Advisors Co.

Key Points

• 16,721 shares of PACCAR were bought as a new position by 1834 Investment Advisors in Q4, a stake valued at about $1.83 million, and institutional investors now own roughly 64.90% of the stock.
• Insiders sold 133,105 shares worth about $16.87 million in the past 90 days, including EVP C. Michael Dozier’s 79,076‑share sale (~$10.12M) and VP Paulo Henrique Bolgar’s 12,183‑share sale.
• PACCAR trades near $127 with a 52‑week range of $84.65–$131.88 and a market cap of ~$66.8B; the company reported $1.06 EPS (in line) but revenue fell 15.1% YoY, and analysts’ consensus rating is "Hold" with a $117.42 target (JPMorgan’s target is $142).

1834 Investment Advisors Co. bought a new position in PACCAR Inc. (NASDAQ:PCAR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,721 shares of the company's stock, valued at approximately $1,831,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings 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 last quarter. Focus Partners Wealth lifted its stake in shares of PACCAR by 15.4% in the 1st quarter. Focus Partners Wealth now owns 13,604 shares of the company's stock valued at $1,324,000 after acquiring an additional 1,812 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in PACCAR by 2.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 240,749 shares of the company's stock valued at $22,886,000 after acquiring an additional 5,327 shares during the period. Ieq Capital LLC boosted its holdings in PACCAR by 11.5% during the 2nd quarter. Ieq Capital LLC now owns 37,404 shares of the company's stock valued at $3,556,000 after acquiring an additional 3,858 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in PACCAR during the 2nd quarter worth approximately $81,000. 64.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP C Michael Dozier sold 79,076 shares of PACCAR stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $127.92, for a total transaction of $10,115,401.92. Following the sale, the executive vice president owned 34,656 shares of the company's stock, valued at approximately $4,433,195.52. The trade was a 69.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Paulo Henrique Bolgar sold 12,183 shares of the business's stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $122.43, for a total transaction of $1,491,564.69. Following the transaction, the vice president owned 6,274 shares in the company, valued at $768,125.82. This represents a 66.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 133,105 shares of company stock worth $16,869,046. Company insiders own 1.99% of the company's stock.

PACCAR Price Performance

Shares of PCAR stock opened at $127.00 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.79 and a current ratio of 2.98. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $131.88. The firm has a market cap of $66.84 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.06 and a beta of 1.06. The business's 50 day moving average price is $121.31 and its 200-day moving average price is $113.75.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its earnings results on Tuesday, January 27th. The company reported $1.06 EPS for the quarter, meeting analysts' consensus estimates of $1.06. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.06 billion. During the same quarter in the prior year, the company earned $1.66 earnings per share. The firm's revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities research analysts anticipate that PACCAR Inc. will post 5.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen raised PACCAR from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. JPMorgan Chase & Co. increased their price objective on PACCAR from $133.00 to $142.00 and gave the company an "overweight" rating in a research note on Wednesday, January 14th. BNP Paribas Exane initiated coverage on shares of PACCAR in a report on Tuesday, March 31st. They issued a "neutral" rating and a $126.00 target price on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of PACCAR in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company set a $119.00 price target on shares of PACCAR and gave the company an "equal weight" rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $117.42.

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.

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