GHP Investment Advisors Inc. Raises Position in PACCAR Inc (NASDAQ:PCAR)

GHP Investment Advisors Inc. boosted its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 7.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,741 shares of the company's stock after buying an additional 4,390 shares during the quarter. GHP Investment Advisors Inc.'s holdings in PACCAR were worth $6,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PCAR. Everence Capital Management Inc. bought a new position in shares of PACCAR in the 4th quarter worth about $1,984,000. Sanctuary Advisors LLC raised its position in shares of PACCAR by 24.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,016 shares of the company's stock worth $2,962,000 after acquiring an additional 5,871 shares in the last quarter. Mengis Capital Management Inc. raised its position in shares of PACCAR by 2.9% in the 3rd quarter. Mengis Capital Management Inc. now owns 191,157 shares of the company's stock worth $18,863,000 after acquiring an additional 5,433 shares in the last quarter. Insight Wealth Strategies LLC raised its position in shares of PACCAR by 21.6% in the 4th quarter. Insight Wealth Strategies LLC now owns 39,041 shares of the company's stock worth $4,061,000 after acquiring an additional 6,936 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of PACCAR by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 5,180,925 shares of the company's stock worth $511,254,000 after acquiring an additional 89,245 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PCAR shares. JPMorgan Chase & Co. boosted their target price on PACCAR from $125.00 to $132.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Morgan Stanley decreased their price objective on PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Evercore ISI raised PACCAR from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $99.00 to $129.00 in a report on Wednesday, November 13th. Jefferies Financial Group lowered PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a report on Friday, December 6th. Finally, Bank of America raised PACCAR from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.95.

PACCAR Price Performance

Shares of PACCAR stock traded up $0.28 during trading on Monday, hitting $106.30. The stock had a trading volume of 695,711 shares, compared to its average volume of 2,266,972. The firm has a market cap of $55.73 billion, a price-to-earnings ratio of 13.44, a P/E/G 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. The business's 50-day moving average is $109.49 and its 200 day moving average is $104.64. The company has a current ratio of 1.67, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.66 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%. As a group, sell-side analysts anticipate that PACCAR Inc will post 7.6 earnings per share for the current year.

PACCAR Increases Dividend

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

Insider Buying and Selling at PACCAR

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were 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 directly owns 5,463 shares in the company, valued at $612,129.15. This trade represents a 26.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO R Preston Feight sold 25,200 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 130,871 shares of company stock worth $14,586,333 over the last three months. Company insiders own 2.02% of the company's stock.

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.