Great Valley Advisor Group Inc. Buys Shares of 13,608 PACCAR Inc (NASDAQ:PCAR)

Great Valley Advisor Group Inc. bought a new stake in PACCAR Inc (NASDAQ:PCAR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,608 shares of the company's stock, valued at approximately $1,329,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. FORVIS Wealth Advisors LLC grew its holdings in shares of 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 in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in PACCAR by 0.9% in 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 in the last quarter. Blue Trust Inc. boosted its holdings in shares of PACCAR by 39.3% during the 4th quarter. Blue Trust Inc. now owns 450 shares of the company's stock worth $44,000 after purchasing an additional 127 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of PACCAR by 0.4% in the third quarter. Coldstream Capital Management Inc. now owns 35,869 shares of the company's stock valued at $3,050,000 after purchasing an additional 142 shares during the last quarter. Finally, Waldron Private Wealth LLC lifted its position in PACCAR by 3.1% during the third quarter. Waldron Private Wealth LLC now owns 4,960 shares of the company's stock worth $421,000 after buying an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PCAR shares. Royal Bank of Canada began coverage on shares of PACCAR in a research note on Tuesday, March 26th. They issued a "sector perform" rating and a $123.00 price target for the company. Bank of America raised PACCAR from an "underperform" rating to a "neutral" rating and upped their price target for the company from $84.00 to $97.00 in a research note on Friday, January 19th. UBS Group raised PACCAR from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $104.00 to $136.00 in a research report on Friday, March 15th. Morgan Stanley began coverage on shares of PACCAR in a research note on Monday, January 8th. They set an "overweight" rating and a $125.00 target price for the company. Finally, The Goldman Sachs Group boosted their price target on shares of PACCAR from $106.00 to $121.00 and gave the company a "neutral" rating in a research note on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $112.62.

Insider Transactions at PACCAR

In related news, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president now owns 5,726 shares in the company, valued at $607,814.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Harrie Schippers sold 32,797 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.08, for a total transaction of $3,479,105.76. Following the transaction, the chief financial officer now owns 103,547 shares in the company, valued at approximately $10,984,265.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $106.15, for a total value of $212,300.00. Following the completion of the sale, the vice president now owns 5,726 shares of the company's stock, valued at approximately $607,814.90. The disclosure for this sale can be found here. Insiders own 2.02% of the company's stock.

PACCAR Stock Down 1.6 %

Shares of PACCAR stock traded down $1.67 on Friday, reaching $104.79. 3,899,161 shares of the company were exchanged, compared to its average volume of 2,813,976. The stock's 50 day moving average price is $116.42 and its 200-day moving average price is $102.53. The company has a market cap of $54.91 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 1.66 and a beta of 0.96. 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 current ratio of 1.69 and a quick ratio of 2.21.

PACCAR (NASDAQ:PCAR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The company had revenue of $8.24 billion during the quarter, compared to analysts' expectations of $8.25 billion. PACCAR had a net margin of 14.30% and a return on equity of 31.71%. The firm's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.25 EPS. As a group, equities analysts forecast that PACCAR Inc will post 8.24 EPS for the current year.

PACCAR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.15%. This is an increase from PACCAR's previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, May 14th. PACCAR's payout ratio is 11.20%.

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.