LSV Asset Management Trims Stake in PACCAR Inc (NASDAQ:PCAR)

LSV Asset Management decreased its position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 49.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,900 shares of the company's stock after selling 290,800 shares during the period. LSV Asset Management owned approximately 0.06% of PACCAR worth $31,404,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PCAR. Madrona Financial Services LLC grew its stake in shares of PACCAR by 1.1% in the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock worth $837,000 after buying an additional 91 shares in the last quarter. Global Financial Private Client LLC lifted its holdings in shares of PACCAR by 1.0% in the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock valued at $1,011,000 after acquiring an additional 97 shares during the last quarter. PDS Planning Inc grew its position in PACCAR by 3.7% in the fourth quarter. PDS Planning Inc now owns 2,810 shares of the company's stock worth $292,000 after acquiring an additional 101 shares in the last quarter. Valley National Advisers Inc. increased its stake in PACCAR by 0.6% during the fourth quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock worth $1,982,000 after acquiring an additional 106 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in PACCAR by 14.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company's stock valued at $88,000 after purchasing an additional 107 shares during the period. 64.90% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other PACCAR news, CEO R Preston Feight sold 25,200 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the completion of the transaction, the chief executive officer now directly owns 206,129 shares of the company's stock, valued at approximately $22,876,196.42. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michael K. Walton sold 6,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total transaction of $636,780.00. Following the completion of the sale, the vice president now directly owns 951 shares in the company, valued at $100,929.63. This trade represents a 86.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,547 shares of company stock valued at $18,261,908. Insiders own 2.02% of the company's stock.

PACCAR Stock Down 0.8 %

Shares of PCAR traded down $0.73 during mid-day trading on Tuesday, hitting $88.82. The company's stock had a trading volume of 2,517,715 shares, compared to its average volume of 2,746,938. The firm has a market capitalization of $46.62 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 2.77 and a beta of 0.96. The company's 50-day moving average is $100.57 and its 200-day moving average is $106.15. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. PACCAR Inc has a 52-week low of $85.10 and a 52-week high of $118.81.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.33 per share. This is a positive change from PACCAR's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.49%. PACCAR's payout ratio is presently 16.69%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Truist Financial decreased their price target on PACCAR from $113.00 to $104.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on shares of PACCAR from $121.00 to $105.00 and set an "overweight" rating for the company in a research note on Friday. Evercore ISI reduced their price objective on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Citigroup decreased their price objective on shares of PACCAR from $105.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Melius Research set a $120.00 target price on PACCAR in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.13.

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.