PACCAR Inc (NASDAQ:PCAR) Stock Holdings Lifted by Clarius Group LLC

Clarius Group LLC grew its position in PACCAR Inc (NASDAQ:PCAR - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,329,473 shares of the company's stock after buying an additional 17,499 shares during the quarter. PACCAR accounts for about 16.6% of Clarius Group LLC's portfolio, making the stock its largest holding. Clarius Group LLC owned about 0.44% of PACCAR worth $242,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PCAR. Quarry LP acquired a new stake in PACCAR in the second quarter valued at about $26,000. Grove Bank & Trust boosted its stake in shares of PACCAR by 28.4% in the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company's stock valued at $46,000 after purchasing an additional 103 shares in the last quarter. Sander Capital Advisors Inc. bought a new stake in shares of PACCAR during the 3rd quarter valued at approximately $50,000. Ashton Thomas Securities LLC acquired a new position in PACCAR during the 3rd quarter worth approximately $52,000. Finally, AdvisorNet Financial Inc lifted its stake in PACCAR by 223.4% in the 4th 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. Institutional investors own 64.90% of the company's stock.

Insider Buying and Selling

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

PACCAR Trading Up 0.8 %

PCAR traded up $0.85 during trading on Friday, reaching $110.33. 1,981,144 shares of the stock traded hands, compared to its average volume of 1,920,377. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 0.54. The stock's 50-day moving average is $111.10 and its 200 day moving average is $104.05. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $125.50. The stock has a market capitalization of $57.85 billion, a PE ratio of 12.33, a P/E/G ratio of 1.72 and a beta of 0.93.

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

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from PACCAR's previous dividend of $0.89. PACCAR's payout ratio is currently 13.41%.

Analyst Ratings Changes

A number of analysts have weighed in on PCAR shares. Jefferies Financial Group cut shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research note on Friday, December 6th. Truist Financial upped their target price on PACCAR from $110.00 to $112.00 and gave the stock a "hold" rating in a report on Thursday. Citigroup cut their price target on PACCAR from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on PACCAR from $122.00 to $125.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, Morgan Stanley cut their target price on shares of PACCAR from $135.00 to $126.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Eight 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 data from MarketBeat.com, PACCAR currently has an average rating of "Hold" and an average price target of $120.13.

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.