Laird Norton Wetherby Trust Company LLC Sells 4,560 Shares of PACCAR Inc (NASDAQ:PCAR)

Laird Norton Wetherby Trust Company LLC decreased its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,817 shares of the company's stock after selling 4,560 shares during the quarter. Laird Norton Wetherby Trust Company LLC's holdings in PACCAR were worth $2,335,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. grew its stake in PACCAR by 221.8% in the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company's stock valued at $29,000 after acquiring an additional 193 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of PACCAR during the fourth quarter worth approximately $37,000. Kestra Investment Management LLC bought a new position in shares of PACCAR in the 4th quarter worth $37,000. OFI Invest Asset Management acquired a new stake in PACCAR in the 4th quarter valued at $43,000. Finally, Atala Financial Inc bought a new stake in PACCAR during the 4th quarter valued at $43,000. Institutional investors own 64.90% of the company's stock.

Insider Buying and Selling at PACCAR

In other news, CFO Harrie Schippers sold 28,676 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $105.97, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pierre R. Breber purchased 5,000 shares of PACCAR stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $89.78 per share, with a total value of $448,900.00. Following the completion of the transaction, the director now owns 13,015 shares of the company's stock, valued at $1,168,486.70. This represents a 62.38% increase in their position. The disclosure for this purchase can be found here. Insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PCAR. Truist Financial dropped their price objective on shares of PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Melius Research set a $120.00 target price on shares of PACCAR in a report on Tuesday, March 18th. StockNews.com upgraded PACCAR from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Melius raised PACCAR from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Evercore ISI dropped their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $105.23.

PACCAR Stock Performance

PCAR traded up $1.32 during trading on Thursday, hitting $95.97. 3,684,593 shares of the company traded hands, compared to its average volume of 2,771,143. PACCAR Inc has a one year low of $84.65 and a one year high of $118.81. The stock's fifty day moving average is $93.79 and its 200 day moving average is $104.01. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The firm has a market cap of $50.38 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.36% and a return on equity of 23.53%. The firm had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $7.13 billion. During the same quarter in the previous year, the company posted $2.27 EPS. PACCAR's revenue for the quarter was down 16.0% on a year-over-year basis. As a group, equities analysts predict that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, May 14th. PACCAR's dividend payout ratio (DPR) is presently 20.00%.

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.