Capital Advisors Inc. OK Makes New Investment in PACCAR Inc (NASDAQ:PCAR)

Capital Advisors Inc. OK acquired a new stake in PACCAR Inc (NASDAQ:PCAR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 182,500 shares of the company's stock, valued at approximately $17,821,000.

A number of other institutional investors have also modified their holdings of the company. FORVIS Wealth Advisors LLC grew its stake in PACCAR by 0.5% during the fourth quarter. FORVIS Wealth Advisors LLC now owns 22,097 shares of the company's stock worth $2,158,000 after buying an additional 109 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in PACCAR by 0.9% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 14,478 shares of the company's stock worth $1,231,000 after purchasing an additional 124 shares during the period. CIBC Private Wealth Group LLC increased its holdings in PACCAR by 1.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 6,654 shares of the company's stock valued at $557,000 after purchasing an additional 124 shares in the last quarter. Penserra Capital Management LLC raised its position in PACCAR by 8.2% in the first quarter. Penserra Capital Management LLC now owns 1,653 shares of the company's stock valued at $145,000 after purchasing an additional 125 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of PACCAR by 39.3% during the fourth quarter. Blue Trust Inc. now owns 450 shares of the company's stock worth $44,000 after purchasing an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PCAR shares. TD Cowen increased their target price on PACCAR from $91.00 to $108.00 and gave the company a "market perform" rating in a research note on Wednesday, January 24th. The Goldman Sachs Group boosted their target price on shares of PACCAR from $93.00 to $106.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 24th. Royal Bank of Canada started coverage on shares of PACCAR in a research note on Tuesday, March 26th. They issued a "sector perform" rating and a $123.00 target price for the company. UBS Group raised shares of PACCAR from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $104.00 to $136.00 in a research note on Friday, March 15th. Finally, Bank of America raised shares of PACCAR from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $84.00 to $97.00 in a research report on Friday, January 19th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PACCAR has a consensus rating of "Moderate Buy" and an average price target of $109.39.

Insiders Place Their Bets

In other news, VP Todd R. Hubbard sold 2,000 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total value of $212,300.00. Following the transaction, the vice president now directly owns 5,726 shares in the company, valued at approximately $607,814.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PACCAR news, CFO Harrie Schippers sold 32,797 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.08, for a total value of $3,479,105.76. Following the completion of the sale, the chief financial officer now owns 103,547 shares of the company's stock, valued at $10,984,265.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the transaction, the vice president now directly owns 5,726 shares in the company, valued at $607,814.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,496 shares of company stock valued at $15,834,812. Company insiders own 2.02% of the company's stock.

PACCAR Stock Performance

Shares of PCAR traded down $0.72 during trading hours on Friday, reaching $118.16. 1,976,024 shares of the company traded hands, compared to its average volume of 2,238,831. The stock has a market cap of $61.92 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92. PACCAR Inc has a 1-year low of $68.40 and a 1-year high of $125.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 2.40. The stock's fifty day moving average is $114.94 and its 200 day moving average is $99.90.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.45. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The firm had revenue of $8.59 billion during the quarter, compared to analyst estimates of $8.48 billion. During the same period last year, the company earned $1.76 earnings per share. The company's revenue was up 11.1% on a year-over-year basis. Equities research analysts anticipate that PACCAR Inc will post 8.16 earnings per share for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were paid a $0.27 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 dividend on an annualized basis and a yield of 0.91%. PACCAR's payout ratio is presently 12.31%.

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.