PACCAR Inc (NASDAQ:PCAR) Shares Sold by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC reduced its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,222 shares of the company's stock after selling 2,876 shares during the quarter. Lodestone Wealth Management LLC's holdings in PACCAR were worth $1,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Everence Capital Management Inc. purchased a new position in shares of PACCAR in the 4th quarter valued at approximately $1,984,000. Sanctuary Advisors LLC grew its stake in PACCAR by 24.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,016 shares of the company's stock valued at $2,962,000 after acquiring an additional 5,871 shares during the period. Mengis Capital Management Inc. raised its holdings in shares of PACCAR by 2.9% during the third quarter. Mengis Capital Management Inc. now owns 191,157 shares of the company's stock valued at $18,863,000 after acquiring an additional 5,433 shares during the last quarter. Insight Wealth Strategies LLC lifted its stake in shares of PACCAR by 21.6% in the fourth quarter. Insight Wealth Strategies LLC now owns 39,041 shares of the company's stock worth $4,061,000 after buying an additional 6,936 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in PACCAR by 1.8% during the third quarter. Fisher Asset Management LLC now owns 5,180,925 shares of the company's stock worth $511,254,000 after buying an additional 89,245 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on PCAR shares. Bank of America raised shares of PACCAR from a "neutral" rating to a "buy" rating and increased their target price for the stock from $116.00 to $121.50 in a research note on Tuesday, January 14th. Evercore ISI decreased their price objective on PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of PACCAR from $125.00 to $132.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Truist Financial raised their price objective on shares of PACCAR from $112.00 to $113.00 and gave the company a "hold" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley dropped their price objective on shares of PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, PACCAR currently has a consensus rating of "Moderate Buy" and an average price target of $121.77.

PACCAR Stock Up 0.6 %

NASDAQ PCAR traded up $0.67 during trading hours on Wednesday, hitting $107.21. The company had a trading volume of 1,957,301 shares, compared to its average volume of 2,306,497. The firm's 50 day moving average is $107.80 and its 200 day moving average is $105.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.39. PACCAR Inc has a fifty-two week low of $90.04 and a fifty-two week high of $125.50. The company has a market capitalization of $56.21 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 2.75 and a beta of 0.92.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing the consensus estimate 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 anticipate 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. Shareholders of record on Friday, December 20th were given a $3.00 dividend. This is a boost 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%.

Insider Transactions at PACCAR

In other PACCAR news, EVP Darrin C. Siver sold 103,671 shares of the business's stock in a transaction on Friday, January 31st. The shares were 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 owns 61,005 shares in the company, valued at $6,805,717.80. The trade was 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 this link. Also, VP Todd R. Hubbard sold 2,000 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total value of $224,100.00. Following the transaction, the vice president now directly owns 5,463 shares of the company's stock, valued at $612,129.15. This trade represents a 26.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 159,547 shares of company stock valued at $17,625,128. 2.02% of the stock is currently owned by 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.