Inspire Advisors LLC Raises Holdings in PACCAR Inc (NASDAQ:PCAR)

Inspire Advisors LLC boosted its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 12.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,219 shares of the company’s stock after acquiring an additional 703 shares during the quarter. Inspire Advisors LLC’s holdings in PACCAR were worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Citizens Financial Group Inc. RI lifted its holdings in PACCAR by 11.7% in the 4th quarter. Citizens Financial Group Inc. RI now owns 4,180 shares of the company’s stock worth $435,000 after buying an additional 439 shares during the period. Sage Mountain Advisors LLC purchased a new stake in PACCAR in the 4th quarter worth approximately $258,000. Net Worth Advisory Group lifted its holdings in PACCAR by 2.5% in the 4th quarter. Net Worth Advisory Group now owns 15,904 shares of the company’s stock worth $1,654,000 after buying an additional 386 shares during the period. Claris Advisors LLC MO lifted its holdings in PACCAR by 1.5% in the 4th quarter. Claris Advisors LLC MO now owns 7,209 shares of the company’s stock worth $750,000 after buying an additional 108 shares during the period. Finally, Independent Advisor Alliance lifted its holdings in PACCAR by 27.6% in the 4th quarter. Independent Advisor Alliance now owns 6,586 shares of the company’s stock worth $685,000 after buying an additional 1,425 shares during the period. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PCAR shares. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. Citigroup dropped their price objective on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on PACCAR from $125.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Evercore ISI decreased their target price on PACCAR from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group lowered PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, PACCAR presently has an average rating of “Moderate Buy” and an average target price of $121.77.

Insider Activity at PACCAR

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of PACCAR 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 completion of the sale, the vice president now owns 5,463 shares of the company’s stock, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael K. Walton sold 6,000 shares of PACCAR stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total value of $636,780.00. Following the completion of the sale, the vice president now directly owns 951 shares of the company’s stock, valued at approximately $100,929.63. The trade was a 86.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock valued at $18,261,908 in the last 90 days. Corporate insiders own 2.02% of the company’s stock.

PACCAR Stock Down 5.3 %

PCAR stock opened at $104.72 on Wednesday. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The firm has a market cap of $54.96 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91. The business has a 50 day moving average of $107.42 and a 200 day moving average of $106.32.

PACCAR (NASDAQ:PCAR) last posted 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, research analysts forecast that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio (DPR) is 16.69%.

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.