Callan Family Office LLC Takes $439,000 Position in PACCAR Inc (NASDAQ:PCAR)

Callan Family Office LLC purchased a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,219 shares of the company's stock, valued at approximately $439,000.

Several other institutional investors have also recently made changes to their positions in PCAR. Golden State Wealth Management LLC acquired a new position in shares of PACCAR during the 4th quarter worth approximately $37,000. Kestra Investment Management LLC acquired a new position in shares of PACCAR during the 4th quarter worth approximately $37,000. Regents Gate Capital LLP acquired a new position in shares of PACCAR during the 4th quarter worth approximately $44,000. Ashton Thomas Securities LLC acquired a new position in shares of PACCAR during the 3rd quarter worth approximately $52,000. Finally, AdvisorNet Financial Inc increased its position 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 purchasing an additional 391 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

PACCAR Stock Performance

PCAR traded up $0.50 during trading on Monday, hitting $110.56. The stock had a trading volume of 4,923,855 shares, compared to its average volume of 2,502,324. The company has a 50 day moving average price of $107.27 and a 200-day moving average price of $106.16. The firm has a market cap of $58.02 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 2.77 and a beta of 0.91. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39.

Remove Ads

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly 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 net margin of 12.36% and a return on equity of 23.53%. As a group, research analysts predict that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a dividend of $3.00 per share. This is an increase from PACCAR's previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR's dividend payout ratio is presently 16.69%.

Insider Activity

In other news, VP Michael K. Walton sold 6,000 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total transaction of $636,780.00. Following the completion of the sale, the vice president now directly owns 951 shares in the company, valued at approximately $100,929.63. This represents a 86.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Darrin C. Siver sold 103,671 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $111.56, for a total value of $11,565,536.76. Following the sale, the executive vice president now owns 61,005 shares of the company's stock, valued at approximately $6,805,717.80. The trade was a 62.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 165,547 shares of company stock worth $18,261,908. 2.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PCAR shares. Bank of America raised PACCAR from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. Truist Financial boosted their price target on PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. Citigroup decreased their target price on PACCAR from $125.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on PACCAR from $125.00 to $132.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group lowered PACCAR from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $121.77.

PACCAR Company 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.