Certuity LLC Buys New Holdings in PACCAR Inc (NASDAQ:PCAR)

Certuity LLC acquired a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,685 shares of the company's stock, valued at approximately $279,000.

Several other large investors also recently made changes to their positions in PCAR. Golden State Wealth Management LLC bought a new position in shares of PACCAR in the fourth quarter valued at $37,000. Regents Gate Capital LLP acquired a new stake in shares of PACCAR in the 4th quarter worth about $44,000. Sander Capital Advisors Inc. bought a new position in PACCAR in the 3rd quarter valued at about $50,000. Ashton Thomas Securities LLC bought a new position in PACCAR in the 3rd quarter valued at about $52,000. Finally, AdvisorNet Financial Inc boosted its position in shares of PACCAR by 223.4% during the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company's stock valued at $59,000 after buying an additional 391 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PCAR has been the subject of a number of analyst reports. Truist Financial increased their price target on PACCAR from $112.00 to $113.00 and gave the company a "hold" rating in a research report on Wednesday, January 29th. Morgan Stanley lowered their target price on shares of PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Evercore ISI upgraded shares of PACCAR from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $99.00 to $129.00 in a report on Wednesday, November 13th. Citigroup decreased their price target on PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $119.00 target price on shares of PACCAR in a research note on Monday, November 4th. Seven 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 company presently has an average rating of "Moderate Buy" and an average target price of $121.95.

PACCAR Price Performance

NASDAQ:PCAR traded up $0.70 during mid-day trading on Monday, hitting $105.96. 1,849,815 shares of the stock traded hands, compared to its average volume of 2,268,529. The business's 50-day moving average price is $108.32 and its 200 day moving average price is $104.89. The company has a quick ratio of 1.39, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. The company has a market cap of $55.55 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 2.79 and a beta of 0.92. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $125.50.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results 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%. On average, analysts expect that PACCAR Inc will post 7.6 EPS for the current fiscal year.

PACCAR Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a dividend of $3.00 per share. This is a boost from PACCAR's previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR's payout ratio is presently 15.17%.

Insiders Place Their Bets

In related news, 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 value of $224,100.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO R Preston Feight sold 25,200 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the transaction, the chief executive officer now owns 206,129 shares in the company, valued at $22,876,196.42. The trade was a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 130,871 shares of company stock worth $14,586,333 in the last ninety days. 2.02% of the stock is currently owned by insiders.

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.