Signet Financial Management LLC Has $728,000 Holdings in PACCAR Inc (NASDAQ:PCAR)

Signet Financial Management LLC decreased its position in shares of PACCAR Inc (NASDAQ:PCAR) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,995 shares of the company’s stock after selling 882 shares during the period. Signet Financial Management LLC’s holdings in PACCAR were worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Everence Capital Management Inc. acquired a new stake in PACCAR during the 4th quarter valued at $1,984,000. Sanctuary Advisors LLC grew its holdings in shares of PACCAR by 24.3% during the third quarter. Sanctuary Advisors LLC now owns 30,016 shares of the company’s stock worth $2,962,000 after purchasing an additional 5,871 shares during the last quarter. Mengis Capital Management Inc. increased its stake in shares of PACCAR by 2.9% in the third quarter. Mengis Capital Management Inc. now owns 191,157 shares of the company’s stock valued at $18,863,000 after buying an additional 5,433 shares in the last quarter. Insight Wealth Strategies LLC raised its holdings in shares of PACCAR by 21.6% in the fourth quarter. Insight Wealth Strategies LLC now owns 39,041 shares of the company’s stock valued at $4,061,000 after buying an additional 6,936 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in PACCAR by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 5,180,925 shares of the company’s stock worth $511,254,000 after buying an additional 89,245 shares in the last quarter. Institutional investors own 64.90% of the company’s stock.

Insider Activity at PACCAR

In other PACCAR news, SVP Kevin D. Baney sold 9,894 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $107.00, for a total transaction of $1,058,658.00. Following the transaction, the senior vice president now owns 7,121 shares in the company, valued at $761,947. This trade represents a 58.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd R. Hubbard sold 3,230 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $107.27, for a total value of $346,482.10. Following the completion of the transaction, the vice president now directly owns 3,061 shares of the company’s stock, valued at approximately $328,353.47. This trade represents a 51.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,315 shares of company stock worth $6,358,552. Insiders own 2.02% of the company’s stock.

PACCAR Stock Performance

NASDAQ PCAR traded up $1.58 during trading on Monday, reaching $108.16. 2,168,879 shares of the company’s stock were exchanged, compared to its average volume of 2,281,932. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.03. The business has a 50 day moving average price of $111.26 and a 200-day moving average price of $103.81. The stock has a market capitalization of $56.71 billion, a P/E ratio of 12.08, a PEG ratio of 1.77 and a beta of 0.93. PACCAR Inc has a fifty-two week low of $90.04 and a fifty-two week high of $125.50.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.03. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The business had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter in the prior year, the business earned $2.34 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts forecast that PACCAR Inc will post 7.98 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a dividend of $3.00 per share. This is an increase from PACCAR’s previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR’s payout ratio is presently 14.75%.

Analyst Upgrades and Downgrades

PCAR has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $119.00 price objective on shares of PACCAR in a research report on Monday, November 4th. BNP Paribas upgraded PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Citigroup lifted their target price on PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their price target on PACCAR from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $118.75.

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.