PACCAR Inc (NASDAQ:PCAR) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC raised its holdings in PACCAR Inc (NASDAQ:PCAR - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,890 shares of the company's stock after purchasing an additional 3,296 shares during the period. NewEdge Advisors LLC's holdings in PACCAR were worth $1,965,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Evergreen Capital Management LLC grew its holdings in PACCAR by 2.2% in the fourth quarter. Evergreen Capital Management LLC now owns 694,471 shares of the company's stock valued at $74,322,000 after purchasing an additional 15,058 shares during the period. United Capital Financial Advisors LLC grew its holdings in PACCAR by 3.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 22,760 shares of the company's stock valued at $2,367,000 after purchasing an additional 684 shares during the period. Rossby Financial LCC acquired a new stake in PACCAR in the fourth quarter valued at approximately $206,000. Canada Post Corp Registered Pension Plan acquired a new stake in PACCAR in the fourth quarter valued at approximately $2,749,000. Finally, Mariner LLC lifted its position in shares of PACCAR by 2.9% in the fourth quarter. Mariner LLC now owns 72,647 shares of the company's stock valued at $7,557,000 after acquiring an additional 2,029 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Darrin C. Siver sold 103,671 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the transaction, the executive vice president now directly owns 61,005 shares of the company's stock, valued at $6,805,717.80. The trade was a 62.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $112.05, for a total value of $224,100.00. Following the transaction, the vice president now directly owns 5,463 shares of the company's stock, valued at $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,547 shares of company stock valued at $18,261,908. 2.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PCAR has been the topic of several research reports. Citigroup decreased their target price on PACCAR from $105.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Melius Research set a $120.00 target price on PACCAR in a research report on Tuesday, March 18th. Evercore ISI decreased their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their target price on PACCAR from $121.00 to $105.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Bank of America upgraded PACCAR from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $108.59.

PACCAR Trading Up 0.2 %

PCAR stock traded up $0.15 during midday trading on Monday, hitting $92.04. 3,381,905 shares of the company's stock were exchanged, compared to its average volume of 2,753,088. The business has a 50-day simple moving average of $97.24 and a two-hundred day simple moving average of $105.27. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $48.32 billion, a PE ratio of 11.64, a P/E/G ratio of 2.77 and a beta of 0.96. PACCAR Inc has a 1-year low of $85.05 and a 1-year high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing analysts' consensus estimates of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. On average, sell-side analysts predict that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.33 dividend. The ex-dividend date was Wednesday, February 12th. This is a boost from PACCAR's previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.43%. PACCAR's payout ratio is presently 16.69%.

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.