Jones Financial Companies Lllp Has $903,000 Holdings in PACCAR Inc (NASDAQ:PCAR)

Jones Financial Companies Lllp raised its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 69.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,680 shares of the company's stock after purchasing an additional 3,562 shares during the quarter. Jones Financial Companies Lllp's holdings in PACCAR were worth $903,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PCAR. Golden State Wealth Management LLC bought a new position in PACCAR in the fourth quarter valued at $37,000. Kestra Investment Management LLC bought a new position in shares of PACCAR in the 4th quarter valued at about $37,000. Regents Gate Capital LLP bought a new position in shares of PACCAR in the 4th quarter valued at about $44,000. Ashton Thomas Securities LLC acquired a new stake in shares of PACCAR in the third quarter valued at about $52,000. Finally, AdvisorNet Financial Inc raised its holdings in PACCAR by 223.4% during the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company's stock worth $59,000 after acquiring an additional 391 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors.

Insider Transactions at PACCAR

In other PACCAR news, EVP Darrin C. Siver sold 103,671 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the sale, the executive vice president now directly owns 61,005 shares in the company, valued at $6,805,717.80. This represents a 62.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael K. Walton sold 6,000 shares of PACCAR stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the completion of the transaction, the vice president now owns 951 shares in the company, valued at approximately $100,929.63. This represents a 86.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 165,547 shares of company stock valued at $18,261,908. 2.02% of the stock is owned by corporate insiders.

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PACCAR Stock Performance

PCAR traded down $2.32 during trading on Wednesday, hitting $102.40. The stock had a trading volume of 1,586,383 shares, compared to its average volume of 2,506,546. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.54 and a quick ratio of 1.39. The company has a 50 day moving average price of $107.42 and a 200-day moving average price of $106.32. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50. The firm has a market cap of $53.74 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 2.77 and a beta of 0.91.

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

PACCAR Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a dividend of $3.00 per share. This is an increase 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 16.69%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PCAR. Evercore ISI decreased their price target on PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Citigroup lowered their target price on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group cut shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Friday, December 6th. Truist Financial boosted their price objective on shares of PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. Finally, Bank of America upgraded shares of 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 research note on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.77.

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.