One Degree Advisors Inc Takes $1.08 Million Position in PACCAR Inc (NASDAQ:PCAR)

One Degree Advisors Inc acquired a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,371 shares of the company's stock, valued at approximately $1,080,000.

A number of other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in shares of PACCAR in the 3rd quarter valued at approximately $26,000. AdvisorNet Financial Inc grew its position in PACCAR by 188.5% in the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company's stock worth $27,000 after acquiring an additional 181 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of PACCAR during the 3rd quarter worth $34,000. Bruce G. Allen Investments LLC acquired a new stake in shares of PACCAR in the 4th quarter valued at $37,000. Finally, ORG Partners LLC lifted its stake in shares of PACCAR by 6,200.0% in the 4th quarter. ORG Partners LLC now owns 378 shares of the company's stock valued at $37,000 after purchasing an additional 372 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Transactions at PACCAR

In other PACCAR news, VP Brice J. Poplawski sold 2,067 shares of the business's stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $109.40, for a total value of $226,129.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Todd R. Hubbard sold 2,000 shares of the firm's stock in a transaction dated 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 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 this hyperlink. Also, VP Brice J. Poplawski sold 2,067 shares of the business's stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $109.40, for a total value of $226,129.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,837 shares of company stock valued at $8,470,647. 2.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PCAR has been the topic of a number of analyst reports. Evercore ISI increased their price objective on PACCAR from $94.00 to $101.00 and gave the company an "in-line" rating in a report on Tuesday, February 20th. Royal Bank of Canada initiated coverage on shares of PACCAR in a report on Tuesday, March 26th. They set a "sector perform" rating and a $123.00 price objective for the company. UBS Group raised shares of PACCAR from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $104.00 to $136.00 in a research report on Friday, March 15th. 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. Finally, Truist Financial reaffirmed a "hold" rating and issued a $121.00 price target (up from $117.00) on shares of PACCAR in a research report on Thursday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.62.

PACCAR Price Performance

Shares of PCAR stock traded up $0.26 during mid-day trading on Friday, reaching $109.18. The company's stock had a trading volume of 1,810,853 shares, compared to its average volume of 3,023,947. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.49 and a current ratio of 2.73. The firm's 50-day moving average is $115.98 and its two-hundred day moving average is $103.38. PACCAR Inc has a 1-year low of $68.40 and a 1-year high of $125.50. The company has a market cap of $57.23 billion, a P/E ratio of 11.33, a PEG ratio of 1.70 and a beta of 0.96.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.07. PACCAR had a net margin of 14.30% and a return on equity of 31.71%. The firm had revenue of $8.24 billion during the quarter, compared to analysts' expectations of $8.25 billion. During the same quarter last year, the company earned $2.25 earnings per share. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, research analysts predict that PACCAR Inc will post 8.24 earnings per share for the current year.

PACCAR Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, May 14th. This is a boost from PACCAR's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.10%. PACCAR's dividend payout ratio (DPR) is presently 12.45%.

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.

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