Lifeworks Advisors LLC Boosts Stock Position in PACCAR Inc (NASDAQ:PCAR)

Lifeworks Advisors LLC increased its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,581 shares of the company's stock after purchasing an additional 3,924 shares during the quarter. Lifeworks Advisors LLC's holdings in PACCAR were worth $4,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PCAR. Graypoint LLC lifted its position in PACCAR by 3.0% during the third quarter. Graypoint LLC now owns 3,908 shares of the company's stock valued at $386,000 after buying an additional 115 shares during the period. Principal Financial Group Inc. increased its stake in shares of PACCAR by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,398,193 shares of the company's stock worth $335,334,000 after acquiring an additional 178,813 shares in the last quarter. AIA Group Ltd purchased a new position in PACCAR during the 3rd quarter valued at about $2,113,000. SpiderRock Advisors LLC boosted its stake in PACCAR by 14.2% during the third quarter. SpiderRock Advisors LLC now owns 29,275 shares of the company's stock worth $2,889,000 after acquiring an additional 3,638 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in PACCAR by 1.9% in the third quarter. Assetmark Inc. now owns 338,568 shares of the company's stock worth $33,410,000 after purchasing an additional 6,180 shares during the period. Hedge funds and other institutional investors own 64.90% of the company's stock.

PACCAR Stock Performance

Shares of PCAR stock traded down $2.39 during trading hours on Wednesday, reaching $102.33. The company had a trading volume of 2,691,012 shares, compared to its average volume of 2,510,132. 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 has a fifty 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 $53.70 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91.

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PACCAR (NASDAQ:PCAR - Get Free Report) last posted 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 return on equity of 23.53% and a net margin of 12.36%. Sell-side analysts predict that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PCAR. JPMorgan Chase & Co. lifted their target price on shares of PACCAR from $125.00 to $132.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Citigroup lowered their price objective on PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, January 14th. Truist Financial increased their target price on PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. Evercore ISI reduced their price target 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 cut shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $121.77.

Insider Buying and Selling at PACCAR

In other news, VP Todd R. Hubbard sold 2,000 shares of the company's stock in a transaction dated 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 $612,129.15. This represents a 26.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michael K. Walton sold 6,000 shares of the firm'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 transaction of $636,780.00. Following the completion of the transaction, the vice president now directly owns 951 shares in the company, valued at approximately $100,929.63. The trade was a 86.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,547 shares of company stock valued at $18,261,908. 2.02% of the stock is owned by company insiders.

About PACCAR

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.