PACCAR Inc (NASDAQ:PCAR) Shares Bought by BSW Wealth Partners

BSW Wealth Partners increased its holdings in PACCAR Inc (NASDAQ:PCAR) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,663 shares of the company’s stock after buying an additional 112 shares during the period. BSW Wealth Partners’ holdings in PACCAR were worth $485,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Creative Planning raised its position in shares of PACCAR by 7.5% during the 2nd quarter. Creative Planning now owns 72,752 shares of the company’s stock worth $7,489,000 after purchasing an additional 5,073 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in PACCAR by 8.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 44,808 shares of the company’s stock worth $4,613,000 after buying an additional 3,622 shares during the last quarter. Quarry LP acquired a new stake in PACCAR in the second quarter worth $26,000. Sanctuary Advisors LLC bought a new stake in PACCAR in the second quarter valued at $2,703,000. Finally, Heritage Wealth Management Inc. bought a new stake in PACCAR in the second quarter valued at $344,000. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Price Performance

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

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

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a dividend of $3.00 per share. The ex-dividend date was Friday, December 20th. This is an increase from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio is 13.41%.

Insider Buying and Selling

In other news, CEO R Preston Feight sold 27,191 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $103.52, for a total transaction of $2,814,812.32. Following the completion of the sale, the chief executive officer now directly owns 171,776 shares of the company’s stock, valued at $17,782,251.52. This represents a 13.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group cut shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Friday, December 6th. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. Citigroup reduced their price objective on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Truist Financial increased their price objective on PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $99.00 to $129.00 in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.32.

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.