Coldstream Capital Management Inc. Acquires 9,583 Shares of PACCAR Inc (NASDAQ:PCAR)

Coldstream Capital Management Inc. grew its holdings in PACCAR Inc (NASDAQ:PCAR - Free Report) by 26.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,696 shares of the company's stock after acquiring an additional 9,583 shares during the period. Coldstream Capital Management Inc.'s holdings in PACCAR were worth $4,753,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Nebula Research & Development LLC raised its holdings in PACCAR by 45.4% during the fourth quarter. Nebula Research & Development LLC now owns 13,807 shares of the company's stock valued at $1,436,000 after buying an additional 4,310 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of PACCAR by 370.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,359,095 shares of the company's stock valued at $557,453,000 after acquiring an additional 4,219,964 shares in the last quarter. Voya Investment Management LLC lifted its holdings in PACCAR by 41.8% in the 4th quarter. Voya Investment Management LLC now owns 158,210 shares of the company's stock worth $16,457,000 after purchasing an additional 46,616 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in PACCAR by 42.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 489,898 shares of the company's stock worth $50,959,000 after purchasing an additional 145,800 shares during the last quarter. Finally, Coppell Advisory Solutions LLC grew its holdings in PACCAR by 28.9% during the fourth quarter. Coppell Advisory Solutions LLC now owns 933 shares of the company's stock valued at $97,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Buying and Selling at PACCAR

In other news, VP Todd R. Hubbard sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the sale, the vice president now owns 5,463 shares of the company's stock, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO R Preston Feight sold 25,200 shares of PACCAR 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 completion of the transaction, the chief executive officer now owns 206,129 shares of the company's stock, valued at $22,876,196.42. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,547 shares of company stock valued at $18,261,908. 2.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PCAR shares. JPMorgan Chase & Co. reduced their price objective on shares of PACCAR from $121.00 to $105.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Citigroup decreased their price target on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Truist Financial dropped their price objective on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI decreased their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Finally, Bank of America raised PACCAR from a "neutral" rating to a "buy" rating and raised their target price for the company from $116.00 to $121.50 in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $108.59.

PACCAR Stock Performance

NASDAQ PCAR opened at $91.89 on Friday. PACCAR Inc has a twelve month low of $85.05 and a twelve month high of $118.81. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56. The stock has a market cap of $48.24 billion, a P/E ratio of 11.62, a PEG ratio of 2.77 and a beta of 0.96. The company's 50-day simple moving average is $97.55 and its 200 day simple moving average is $105.36.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share 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 forecast that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.33 per share. This is a positive change from PACCAR's previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 1.44%. The ex-dividend date was Wednesday, February 12th. PACCAR's dividend payout ratio is currently 16.69%.

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.

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