Envestnet Portfolio Solutions Inc. Has $2.34 Million Holdings in PACCAR Inc (NASDAQ:PCAR)

Envestnet Portfolio Solutions Inc. lessened its stake in PACCAR Inc (NASDAQ:PCAR) by 10.6% in the 4th quarter, HoldingsChannel reports. The fund owned 22,455 shares of the company’s stock after selling 2,660 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in PACCAR were worth $2,336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Madrona Financial Services LLC increased its position in PACCAR by 1.1% in the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company’s stock valued at $837,000 after acquiring an additional 91 shares in the last quarter. Global Financial Private Client LLC increased its position in PACCAR by 1.0% in the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company’s stock valued at $1,011,000 after acquiring an additional 97 shares in the last quarter. Insight Wealth Partners LLC boosted its stake in shares of PACCAR by 1.4% in the 3rd quarter. Insight Wealth Partners LLC now owns 7,700 shares of the company’s stock valued at $760,000 after purchasing an additional 104 shares during the last quarter. Valley National Advisers Inc. boosted its stake in shares of PACCAR by 0.6% in the 4th quarter. Valley National Advisers Inc. now owns 19,063 shares of the company’s stock valued at $1,982,000 after purchasing an additional 106 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of PACCAR by 14.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company’s stock valued at $88,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insider Activity

In related news, EVP Darrin C. Siver sold 103,671 shares of the company’s stock in a transaction dated 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 owns 61,005 shares of the company’s stock, valued at $6,805,717.80. This represents a 62.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the sale, the vice president now directly owns 5,463 shares of the company’s stock, valued at $612,129.15. This represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,547 shares of company stock valued at $18,261,908. 2.02% of the stock is owned by company insiders.

PACCAR Price Performance

NASDAQ:PCAR opened at $98.32 on Friday. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50. The company has a market cap of $51.60 billion, a P/E ratio of 12.43, a P/E/G ratio of 2.77 and a beta of 0.91. The firm’s fifty day moving average price is $106.48 and its two-hundred day moving average price is $106.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. Equities analysts expect that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Wednesday, February 12th. This is a boost from PACCAR’s previous quarterly dividend of $0.30. PACCAR’s payout ratio is presently 16.69%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Evercore ISI reduced their target price on shares of PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Melius Research raised shares of PACCAR to a “strong-buy” rating in a research note on Tuesday. UBS Group lowered shares of PACCAR from a “buy” rating to a “neutral” rating and reduced their target price for the company from $124.00 to $108.00 in a research note on Tuesday. Melius raised shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Jefferies Financial Group lowered shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.23.

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.