Lodestone Wealth Management LLC Cuts Holdings in PACCAR Inc (NASDAQ:PCAR)

Lodestone Wealth Management LLC decreased its position in shares of PACCAR Inc (NASDAQ:PCAR) by 15.1% in the fourth quarter, HoldingsChannel reports. The firm owned 16,222 shares of the company’s stock after selling 2,876 shares during the quarter. Lodestone Wealth Management LLC’s holdings in PACCAR were worth $1,687,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PCAR. WealthPlan Investment Management LLC purchased a new position in PACCAR in the fourth quarter worth about $235,000. ABC Arbitrage SA purchased a new position in PACCAR in the fourth quarter worth about $1,484,000. V Square Quantitative Management LLC grew its position in PACCAR by 14.0% in the fourth quarter. V Square Quantitative Management LLC now owns 3,820 shares of the company’s stock worth $397,000 after acquiring an additional 470 shares in the last quarter. Vontobel Holding Ltd. grew its position in PACCAR by 2.5% in the fourth quarter. Vontobel Holding Ltd. now owns 109,468 shares of the company’s stock worth $11,387,000 after acquiring an additional 2,679 shares in the last quarter. Finally, Avestar Capital LLC grew its position in PACCAR by 13.8% in the fourth quarter. Avestar Capital LLC now owns 3,086 shares of the company’s stock worth $330,000 after acquiring an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

PACCAR stock opened at $105.96 on Friday. The company has a 50 day moving average price of $108.52 and a 200-day moving average price of $104.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.39 and a current ratio of 1.67. PACCAR Inc has a fifty-two week low of $90.04 and a fifty-two week high of $125.50. The company has a market capitalization of $55.55 billion, a PE ratio of 13.40, a P/E/G ratio of 2.79 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts forecast that PACCAR Inc will post 7.6 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid a $3.00 dividend. 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 15.17%.

Insider Buying and Selling

In related news, CEO R Preston Feight sold 25,200 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $110.98, for a total value of $2,796,696.00. Following the completion of the transaction, the chief executive officer now owns 206,129 shares of the company’s stock, valued at $22,876,196.42. The trade was a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the business’s 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 directly owns 5,463 shares of the company’s stock, valued at $612,129.15. This trade represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 130,871 shares of company stock valued at $14,586,333 over the last 90 days. Corporate insiders own 2.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PCAR. JPMorgan Chase & Co. lifted their price target on PACCAR from $125.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Truist Financial raised their price objective on shares of PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research note on Wednesday, January 29th. Citigroup decreased their price objective on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Friday, December 6th. Finally, Evercore ISI raised shares of PACCAR from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $99.00 to $129.00 in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.