Atria Wealth Solutions Inc. Sells 4,686 Shares of PACCAR Inc (NASDAQ:PCAR)

Atria Wealth Solutions Inc. decreased its position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,676 shares of the company's stock after selling 4,686 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in PACCAR were worth $7,236,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PCAR. Creative Planning grew its position in PACCAR by 2.6% in the 3rd quarter. Creative Planning now owns 74,672 shares of the company's stock valued at $7,369,000 after purchasing an additional 1,920 shares during the period. Stratos Wealth Advisors LLC raised its stake in shares of PACCAR by 3.8% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,245 shares of the company's stock worth $419,000 after purchasing an additional 155 shares during the period. Blue Trust Inc. raised its stake in shares of PACCAR by 172.6% during the 3rd quarter. Blue Trust Inc. now owns 3,816 shares of the company's stock worth $393,000 after purchasing an additional 2,416 shares during the period. Raymond James & Associates raised its stake in PACCAR by 15.2% in the 3rd quarter. Raymond James & Associates now owns 195,504 shares of the company's stock valued at $19,292,000 after acquiring an additional 25,867 shares during the period. Finally, Foundations Investment Advisors LLC raised its stake in PACCAR by 5.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,297 shares of the company's stock valued at $325,000 after acquiring an additional 185 shares during the period. Institutional investors own 64.90% of the company's stock.

Insider Buying and Selling at PACCAR

In other news, CEO R Preston Feight sold 25,200 shares of PACCAR stock in a transaction that occurred on Friday, January 31st. The stock was 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 in the company, valued at approximately $22,876,196.42. The trade was a 10.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael K. Walton sold 6,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the transaction, the vice president now owns 951 shares of the company's stock, valued at approximately $100,929.63. The trade was a 86.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,547 shares of company stock worth $18,261,908 in the last quarter. 2.02% of the stock is owned by corporate insiders.

PACCAR Stock Down 2.7 %

PCAR traded down $2.89 during trading on Friday, reaching $103.57. The stock had a trading volume of 966,489 shares, compared to its average volume of 2,250,429. The stock's 50 day moving average is $107.67 and its two-hundred day moving average is $105.07. The company has a current ratio of 1.67, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $54.30 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 2.79 and a beta of 0.92. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its earnings results 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, analysts expect that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from PACCAR's previous dividend of $0.89. PACCAR's dividend payout ratio (DPR) is currently 16.69%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Evercore ISI reduced their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday. Jefferies Financial Group lowered PACCAR from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Friday, December 6th. Citigroup lowered their price objective on PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Bank of America upgraded PACCAR from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price objective on PACCAR from $125.00 to $132.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.77.

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.