Foster & Motley Inc. Sells 4,727 Shares of PACCAR Inc (NASDAQ:PCAR)

Foster & Motley Inc. cut its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 5.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 77,174 shares of the company’s stock after selling 4,727 shares during the period. Foster & Motley Inc.’s holdings in PACCAR were worth $8,028,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PCAR. Quarry LP bought a new stake in PACCAR during the 2nd quarter valued at $26,000. Grove Bank & Trust boosted its position in PACCAR by 28.4% during the third quarter. Grove Bank & Trust now owns 466 shares of the company’s stock valued at $46,000 after purchasing an additional 103 shares in the last quarter. Sander Capital Advisors Inc. bought a new stake in PACCAR during the third quarter valued at about $50,000. Ashton Thomas Securities LLC bought a new position in PACCAR in the third quarter worth about $52,000. Finally, AdvisorNet Financial Inc lifted its position in shares of PACCAR by 223.4% during the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock valued at $59,000 after buying an additional 391 shares during the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

PACCAR Trading Up 3.4 %

PACCAR stock opened at $110.89 on Thursday. The stock has a 50-day moving average price of $110.45 and a 200 day moving average price of $104.45. The company has a market capitalization of $58.14 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 2.77 and a beta of 0.93. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a net margin of 13.51% and a return on equity of 27.24%. Sell-side analysts anticipate that PACCAR Inc will post 7.93 EPS for the current year.

PACCAR Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a $3.00 dividend. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR’s dividend payout ratio is presently 13.41%.

Insider Buying and Selling at PACCAR

In other PACCAR news, CEO R Preston Feight sold 27,191 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $103.52, for a total value of $2,814,812.32. Following the sale, the chief executive officer now owns 171,776 shares in the company, valued at approximately $17,782,251.52. This represents a 13.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PCAR has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Bank of America raised PACCAR from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. Morgan Stanley decreased their price objective on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Truist Financial boosted their target price on PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on PACCAR from $122.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.32.

About PACCAR

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.