PACCAR Inc (NASDAQ:PCAR) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC lifted its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,661 shares of the company's stock after purchasing an additional 3,046 shares during the period. HB Wealth Management LLC's holdings in PACCAR were worth $3,710,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PCAR. Quarry LP purchased a new stake in PACCAR in the second quarter valued at approximately $26,000. Grove Bank & Trust grew its position in shares of PACCAR by 28.4% in the third quarter. Grove Bank & Trust now owns 466 shares of the company's stock valued at $46,000 after purchasing an additional 103 shares during the period. Sander Capital Advisors Inc. purchased a new position in shares of PACCAR in the third quarter valued at approximately $50,000. Ashton Thomas Securities LLC purchased a new stake in PACCAR during the 3rd quarter valued at about $52,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of PACCAR by 223.4% in the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company's stock valued at $59,000 after purchasing an additional 391 shares during the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Todd R. Hubbard sold 3,230 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $107.27, for a total transaction of $346,482.10. Following the sale, the vice president now directly owns 3,061 shares in the company, valued at approximately $328,353.47. This trade represents a 51.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO R Preston Feight sold 27,191 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $103.52, for a total value of $2,814,812.32. Following the transaction, the chief executive officer now directly owns 171,776 shares in the company, valued at $17,782,251.52. This trade represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,315 shares of company stock valued at $6,358,552. 2.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on PCAR shares. Bank of America upgraded shares of PACCAR from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. Jefferies Financial Group lowered PACCAR from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Friday, December 6th. Citigroup reduced their price objective on shares of PACCAR from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Morgan Stanley reduced their price target on shares of PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Finally, BNP Paribas raised shares of PACCAR to a "hold" rating in a research note on Wednesday, October 16th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $120.13.

PACCAR Stock Performance

Shares of NASDAQ PCAR opened at $110.33 on Monday. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $125.50. The company has a 50-day simple moving average of $111.10 and a 200-day simple moving average of $104.05. The company has a market cap of $57.85 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.72 and a beta of 0.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.03.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $0.03. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The business had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the previous year, the business earned $2.34 earnings per share. The business's revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities analysts anticipate that PACCAR Inc will post 7.92 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a dividend of $3.00 per share. This is an increase from PACCAR's previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR's dividend payout ratio is presently 13.41%.

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.