Lester Murray Antman dba SimplyRich Grows Position in PACCAR Inc (NASDAQ:PCAR)

Lester Murray Antman dba SimplyRich increased its position in PACCAR Inc (NASDAQ:PCAR) by 1.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,808 shares of the company’s stock after purchasing an additional 204 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in PACCAR were worth $2,060,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of PACCAR during the 4th quarter valued at $37,000. Regents Gate Capital LLP purchased a new position in PACCAR during the 4th quarter valued at about $44,000. Grove Bank & Trust boosted its stake in PACCAR by 28.4% during the third quarter. Grove Bank & Trust now owns 466 shares of the company’s stock worth $46,000 after acquiring an additional 103 shares in the last quarter. Sander Capital Advisors Inc. purchased a new stake in PACCAR in the third quarter worth about $50,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of PACCAR during the third quarter valued at approximately $52,000. Institutional investors own 64.90% of the company’s stock.

Insider Activity at PACCAR

In related news, EVP Darrin C. Siver sold 103,671 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the sale, the executive vice president now directly owns 61,005 shares in the company, valued at approximately $6,805,717.80. The trade was a 62.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction that occurred on 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 owns 5,463 shares in the company, valued at $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,871 shares of company stock worth $14,586,333. 2.02% of the stock is owned by insiders.

PACCAR Stock Performance

Shares of NASDAQ PCAR opened at $106.09 on Wednesday. The firm’s 50-day moving average price is $109.29 and its 200-day moving average price is $104.70. PACCAR Inc has a 52-week low of $90.04 and a 52-week high of $125.50. The company has a market cap of $55.62 billion, a PE ratio of 13.41, a PEG ratio of 2.79 and a beta of 0.92. The company has a quick ratio of 1.39, a current ratio of 1.67 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. As a group, analysts anticipate that PACCAR Inc will post 7.6 EPS for the current year.

PACCAR Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a $3.00 dividend. The ex-dividend date was Friday, December 20th. This is a positive change from PACCAR’s previous dividend of $0.89. PACCAR’s payout ratio is presently 15.17%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PCAR. Morgan Stanley dropped their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $99.00 to $129.00 in a report on Wednesday, November 13th. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $121.50 in a report on Tuesday, January 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $119.00 price objective on shares of PACCAR in a research report on Monday, November 4th. Finally, Truist Financial raised their price objective on shares of PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.95.

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.