RFG Bristol Wealth Advisors LLC Makes New Investment in PACCAR Inc (NASDAQ:PCAR)

RFG Bristol Wealth Advisors LLC bought a new position in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,272 shares of the company's stock, valued at approximately $444,000.

Other institutional investors have also recently bought and sold shares of the company. Madrona Financial Services LLC raised its holdings in PACCAR by 1.1% in the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock valued at $837,000 after acquiring an additional 91 shares in the last quarter. Global Financial Private Client LLC boosted its holdings in PACCAR by 1.0% in the fourth 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 increased its position in PACCAR by 3.7% during the 4th quarter. PDS Planning Inc now owns 2,810 shares of the company's stock valued at $292,000 after purchasing an additional 101 shares during the period. Valley National Advisers Inc. raised its holdings in PACCAR by 0.6% during the 4th quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock worth $1,982,000 after purchasing an additional 106 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of PACCAR by 14.4% in the 4th 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 last quarter. Institutional investors own 64.90% of the company's stock.

Insider Buying and Selling at PACCAR

In related news, VP Todd R. Hubbard sold 2,000 shares of the business's stock in a transaction 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 sale, the vice president now owns 5,463 shares in the company, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Darrin C. Siver sold 103,671 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 61,005 shares in the company, valued at $6,805,717.80. This represents a 62.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,547 shares of company stock valued at $18,261,908. Insiders own 2.02% of the company's stock.

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PACCAR Price Performance

NASDAQ:PCAR traded down $1.48 during mid-day trading on Friday, reaching $90.88. The stock had a trading volume of 6,326,890 shares, compared to its average volume of 2,671,814. The firm has a 50 day moving average price of $104.12 and a two-hundred day moving average price of $106.61. PACCAR Inc has a one year low of $81.60 and a one year high of $123.20. The stock has a market capitalization of $47.71 billion, a P/E ratio of 11.49, a P/E/G ratio of 2.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54.

PACCAR (NASDAQ:PCAR - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.04). PACCAR had a return on equity of 23.53% and a net margin of 12.36%. As a group, analysts expect that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.32 annualized dividend and a dividend yield of 1.45%. This is a positive change from PACCAR's previous quarterly dividend of $0.30. PACCAR's payout ratio is presently 16.69%.

Analysts Set New Price Targets

Several research firms recently issued reports on PCAR. Bank of America upgraded shares of PACCAR from a "neutral" rating to a "buy" rating and boosted their target price for the company from $116.00 to $121.50 in a report on Tuesday, January 14th. Evercore ISI lowered their target price on PACCAR from $129.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Truist Financial increased their price target on PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of PACCAR from $132.00 to $121.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Finally, 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 note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.54.

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.