Meeder Advisory Services Inc. Has $1.18 Million Holdings in PACCAR Inc (NASDAQ:PCAR)

Meeder Advisory Services Inc. decreased its position in PACCAR Inc (NASDAQ:PCAR) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,375 shares of the company’s stock after selling 354 shares during the quarter. Meeder Advisory Services Inc.’s holdings in PACCAR were worth $1,183,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. grew its holdings in PACCAR by 221.8% in the 4th quarter. Meeder Asset Management Inc. now owns 280 shares of the company’s stock valued at $29,000 after buying an additional 193 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of PACCAR in the fourth quarter valued at about $37,000. Kestra Investment Management LLC acquired a new position in shares of PACCAR in the fourth quarter valued at about $37,000. OFI Invest Asset Management bought a new position in PACCAR during the fourth quarter worth about $43,000. Finally, Atala Financial Inc bought a new position in PACCAR during the fourth quarter worth about $43,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Up 0.8 %

Shares of NASDAQ:PCAR opened at $99.09 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. PACCAR Inc has a 52-week low of $90.04 and a 52-week high of $123.20. The company has a market capitalization of $52.02 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91. The company has a fifty day moving average of $104.48 and a 200-day moving average of $106.71.

PACCAR (NASDAQ:PCAR) last posted its earnings results 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 12.36% and a return on equity of 23.53%. On average, equities analysts predict that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.33%. This is a positive change from PACCAR’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 12th. PACCAR’s payout ratio is presently 16.69%.

Insider Buying and Selling at PACCAR

In other news, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the transaction, the vice president now directly owns 5,463 shares in the company, valued at $612,129.15. This trade represents a 26.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R Preston Feight sold 25,200 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the sale, the chief executive officer now directly owns 206,129 shares of the company’s stock, valued at $22,876,196.42. This represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,547 shares of company stock worth $18,261,908. 2.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PCAR. Melius upgraded shares of PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Jefferies Financial Group lowered PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Friday, December 6th. JPMorgan Chase & Co. cut their target price on PACCAR from $132.00 to $121.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Melius Research set a $120.00 price target on PACCAR in a research report on Tuesday, March 18th. Finally, Evercore ISI dropped their price target on PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.54.

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.