Mcdaniel Terry & Co. Has $42.07 Million Stake in PACCAR Inc (NASDAQ:PCAR)

Mcdaniel Terry & Co. raised its holdings in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 404,434 shares of the company's stock after buying an additional 18,689 shares during the period. PACCAR comprises approximately 3.4% of Mcdaniel Terry & Co.'s investment portfolio, making the stock its 7th biggest position. Mcdaniel Terry & Co. owned approximately 0.08% of PACCAR worth $42,069,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in PACCAR during the fourth quarter worth approximately $37,000. Kestra Investment Management LLC bought a new stake in PACCAR during the fourth quarter worth approximately $37,000. Regents Gate Capital LLP bought a new stake in PACCAR during the fourth quarter worth approximately $44,000. Ashton Thomas Securities LLC bought a new stake in PACCAR during the third quarter worth approximately $52,000. Finally, AdvisorNet Financial Inc boosted its holdings in PACCAR by 223.4% during the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company's stock worth $59,000 after buying an additional 391 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors.

PACCAR Stock Down 1.9 %

PCAR stock traded down $2.00 during midday trading on Friday, reaching $104.46. The company had a trading volume of 2,978,755 shares, compared to its average volume of 2,311,501. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $125.50. The company has a current ratio of 1.67, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $54.77 billion, a P/E ratio of 13.21, a PEG ratio of 2.79 and a beta of 0.92. The company has a 50 day moving average of $107.67 and a two-hundred day moving average of $105.07.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing analysts' consensus estimates 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 expect that PACCAR Inc will post 7.57 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, December 20th. This is an increase from PACCAR's previous dividend of $0.89. PACCAR's dividend payout ratio (DPR) is currently 16.69%.

Insider Activity

In other PACCAR news, EVP Darrin C. Siver sold 103,671 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $111.56, for a total value of $11,565,536.76. Following the sale, the executive vice president now directly owns 61,005 shares in the company, valued at $6,805,717.80. This trade represents a 62.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael K. Walton sold 6,000 shares of the firm's stock in a transaction 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 sale, the vice president now owns 951 shares in the company, valued at $100,929.63. This represents a 86.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,547 shares of company stock worth $18,261,908. 2.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PCAR shares. Evercore ISI reduced their price target on shares of PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a research report on Wednesday. Jefferies Financial Group downgraded shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their price target on shares of PACCAR from $125.00 to $132.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Bank of America upgraded shares of PACCAR from a "neutral" rating to a "buy" rating and upped their price target for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. Finally, Truist Financial upped their price target on shares of PACCAR from $112.00 to $113.00 and gave the company a "hold" rating in a research report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.77.

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.