Fiducient Advisors LLC Acquires New Position in PACCAR Inc (NASDAQ:PCAR)

Fiducient Advisors LLC bought a new position in PACCAR Inc (NASDAQ:PCAR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 365,929 shares of the company's stock, valued at approximately $38,064,000. PACCAR comprises about 4.7% of Fiducient Advisors LLC's holdings, making the stock its 6th largest position. Fiducient Advisors LLC owned about 0.07% of PACCAR at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PCAR. Synovus Financial Corp raised its stake in shares of PACCAR by 2.1% in the fourth quarter. Synovus Financial Corp now owns 9,085 shares of the company's stock valued at $945,000 after acquiring an additional 186 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of PACCAR by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 21,790 shares of the company's stock valued at $2,267,000 after buying an additional 706 shares during the period. Advisors Capital Management LLC raised its holdings in shares of PACCAR by 27.7% in the fourth quarter. Advisors Capital Management LLC now owns 3,305 shares of the company's stock worth $344,000 after buying an additional 716 shares during the period. Sagespring Wealth Partners LLC bought a new stake in shares of PACCAR during the 4th quarter worth approximately $742,000. Finally, Optimize Financial Inc bought a new position in PACCAR in the 4th quarter valued at $229,000. Institutional investors own 64.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of PACCAR from $121.00 to $105.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Truist Financial decreased their price objective on PACCAR from $113.00 to $104.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Melius raised shares of PACCAR from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Bank of America upgraded shares of PACCAR from a "neutral" rating to a "buy" rating and increased their price objective for the company from $116.00 to $121.50 in a research note on Tuesday, January 14th. Finally, Evercore ISI lowered 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $108.59.

Insider Transactions at PACCAR

In other news, CFO Harrie Schippers sold 28,676 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.97, for a total value of $3,038,795.72. Following the sale, the chief financial officer now directly owns 114,659 shares in the company, valued at approximately $12,150,414.23. This trade represents a 20.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darrin C. Siver sold 103,671 shares of the 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 completion of the transaction, the executive vice president now directly owns 61,005 shares in the company, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,547 shares of company stock valued at $18,261,908. 2.02% of the stock is currently owned by corporate insiders.

PACCAR Stock Performance

NASDAQ PCAR traded up $1.36 during mid-day trading on Friday, reaching $88.17. 2,444,557 shares of the stock were exchanged, compared to its average volume of 2,752,825. PACCAR Inc has a 1 year low of $85.10 and a 1 year high of $118.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. The business's 50 day moving average is $99.45 and its 200-day moving average is $105.82. The company has a market capitalization of $46.28 billion, a P/E ratio of 11.15, a P/E/G ratio of 2.77 and a beta of 0.96.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. On average, equities research analysts forecast that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Wednesday, February 12th. This is an increase from PACCAR's previous quarterly dividend of $0.30. PACCAR's payout ratio is currently 16.69%.

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.