PACCAR Inc (NASDAQ:PCAR) Holdings Decreased by Cerity Partners LLC

Cerity Partners LLC trimmed its position in PACCAR Inc (NASDAQ:PCAR) by 52.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,360 shares of the company’s stock after selling 60,976 shares during the quarter. Cerity Partners LLC’s holdings in PACCAR were worth $5,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in PCAR. FORVIS Wealth Advisors LLC grew its stake in PACCAR by 0.5% during the 4th quarter. FORVIS Wealth Advisors LLC now owns 22,097 shares of the company’s stock worth $2,158,000 after buying an additional 109 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in PACCAR by 0.9% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 14,478 shares of the company’s stock worth $1,231,000 after buying an additional 124 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in PACCAR by 1.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 6,654 shares of the company’s stock worth $557,000 after buying an additional 124 shares during the last quarter. Penserra Capital Management LLC grew its stake in PACCAR by 8.2% during the 1st quarter. Penserra Capital Management LLC now owns 1,653 shares of the company’s stock worth $145,000 after buying an additional 125 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in PACCAR by 39.3% during the 4th quarter. Blue Trust Inc. now owns 450 shares of the company’s stock worth $44,000 after buying an additional 127 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors.

PACCAR Stock Down 0.4 %

Shares of PCAR stock opened at $117.54 on Wednesday. The stock’s 50 day simple moving average is $115.48 and its 200 day simple moving average is $100.46. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.21 and a current ratio of 2.40. PACCAR Inc has a twelve month low of $68.40 and a twelve month high of $125.50. The company has a market capitalization of $61.59 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.79 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.45. The firm had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.48 billion. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. As a group, research analysts predict that PACCAR Inc will post 8.16 EPS for the current year.

PACCAR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, February 14th. PACCAR’s dividend payout ratio (DPR) is currently 12.31%.

Wall Street Analyst Weigh In

PCAR has been the subject of several recent analyst reports. TD Cowen increased their price target on PACCAR from $91.00 to $108.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Bank of America raised PACCAR from an “underperform” rating to a “neutral” rating and upped their target price for the company from $84.00 to $97.00 in a report on Friday, January 19th. Royal Bank of Canada initiated coverage on PACCAR in a research report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 price target on the stock. The Goldman Sachs Group upped their target price on PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Evercore ISI upped their target price on PACCAR from $94.00 to $101.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.82.

Insider Buying and Selling at PACCAR

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.15, for a total value of $212,300.00. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at approximately $607,814.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Harrie Schippers sold 32,797 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.08, for a total value of $3,479,105.76. Following the sale, the chief financial officer now owns 103,547 shares of the company’s stock, valued at approximately $10,984,265.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Todd R. Hubbard sold 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $106.15, for a total value of $212,300.00. Following the completion of the sale, the vice president now directly owns 5,726 shares in the company, valued at approximately $607,814.90. The disclosure for this sale can be found here. Insiders have sold 153,496 shares of company stock valued at $15,834,812 in the last 90 days. 2.02% of the stock is currently owned by insiders.

PACCAR Company 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.