DecisionMap Wealth Management LLC Takes Position in PACCAR Inc (NASDAQ:PCAR)

DecisionMap Wealth Management LLC purchased a new position in PACCAR Inc (NASDAQ:PCAR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,970 shares of the company's stock, valued at approximately $1,037,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ boosted its position in PACCAR by 2.2% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 327,949 shares of the company's stock valued at $33,998,000 after purchasing an additional 6,903 shares in the last quarter. Vestcor Inc boosted its holdings in PACCAR by 14.1% in the fourth quarter. Vestcor Inc now owns 20,794 shares of the company's stock worth $2,163,000 after acquiring an additional 2,565 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in PACCAR by 2,259.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 60,511 shares of the company's stock worth $6,294,000 after acquiring an additional 57,946 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in PACCAR by 8.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,748 shares of the company's stock worth $1,534,000 after acquiring an additional 1,105 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in PACCAR by 14.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock worth $88,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

PACCAR Stock Down 2.3 %

Shares of PCAR stock opened at $102.33 on Thursday. The stock has a 50 day moving average of $107.39 and a 200 day moving average of $106.29. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The stock has a market cap of $53.70 billion, a P/E ratio of 12.94, a P/E/G ratio of 2.77 and a beta of 0.91. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50.

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PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings results 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, sell-side analysts expect that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a $3.00 dividend. 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 payout ratio is 16.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PCAR shares. JPMorgan Chase & Co. raised their price target on PACCAR from $125.00 to $132.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Truist Financial lifted their target price on PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th. Citigroup decreased their target price on PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Evercore ISI decreased their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Finally, Jefferies Financial Group downgraded PACCAR from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, PACCAR presently has an average rating of "Moderate Buy" and an average price target of $121.77.

Insider Activity

In other news, VP Michael K. Walton sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total value of $636,780.00. Following the completion of the sale, the vice president now directly owns 951 shares in the company, valued at $100,929.63. The trade was a 86.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Darrin C. Siver sold 103,671 shares of the business's stock in a transaction that occurred 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 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 trade represents a 62.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 165,547 shares of company stock worth $18,261,908 over the last three months. 2.02% of the stock is currently owned by corporate insiders.

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.

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