BSW Wealth Partners Increases Position in PACCAR Inc (NASDAQ:PCAR)

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

Several other institutional investors also recently bought and sold shares of the business. Quarry LP purchased a new stake in shares of PACCAR in the second quarter valued at $26,000. Grove Bank & Trust boosted its stake in PACCAR by 28.4% in the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company’s stock worth $46,000 after buying an additional 103 shares during the last quarter. Sander Capital Advisors Inc. purchased a new stake in PACCAR in the 3rd quarter valued at about $50,000. Ashton Thomas Securities LLC acquired a new position in shares of PACCAR during the 3rd quarter valued at about $52,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of PACCAR by 223.4% during the 4th quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock worth $59,000 after acquiring an additional 391 shares during the period. 64.90% of the stock is currently owned by institutional investors and hedge funds.

PACCAR Price Performance

PCAR opened at $110.89 on Thursday. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50. The firm has a market cap of $58.14 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 2.77 and a beta of 0.93. 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 has a fifty day simple moving average of $110.45 and a 200 day simple moving average of $104.45.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (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%. Equities research analysts expect that PACCAR Inc will post 7.93 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a $3.00 dividend. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s dividend payout ratio is presently 13.41%.

Insider Activity

In related news, CEO R Preston Feight sold 27,191 shares of PACCAR stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $103.52, for a total value of $2,814,812.32. Following the completion of the transaction, the chief executive officer now directly owns 171,776 shares in the company, valued at approximately $17,782,251.52. This trade represents a 13.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PCAR. Citigroup lowered their target price on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. BNP Paribas upgraded PACCAR to a “hold” rating in a report on Wednesday, October 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $119.00 target price on shares of PACCAR in a report on Monday, November 4th. Truist Financial upped their price target on PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on PACCAR from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, PACCAR currently has a consensus rating of “Moderate Buy” and a consensus price target 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.