PACCAR Inc (NASDAQ:PCAR) Shares Sold by Spire Wealth Management

Spire Wealth Management lowered its stake in PACCAR Inc (NASDAQ:PCAR - Free Report) by 93.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 908 shares of the company's stock after selling 13,885 shares during the quarter. Spire Wealth Management's holdings in PACCAR were worth $94,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PCAR. Grove Bank & Trust grew its stake 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 buying an additional 103 shares in the last quarter. Sander Capital Advisors Inc. purchased a new position in PACCAR in the third quarter valued at about $50,000. Ashton Thomas Securities LLC purchased a new position in PACCAR in the third quarter valued at about $52,000. AdvisorNet Financial Inc boosted its holdings in 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. Finally, ORG Wealth Partners LLC purchased a new position in PACCAR in the fourth quarter valued at about $76,000. Institutional investors and hedge funds own 64.90% of the company's stock.

Insider Buying and Selling

In related news, EVP Darrin C. Siver sold 103,671 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $2,796,696.00. Following the completion of the sale, the chief executive officer now owns 206,129 shares in the company, valued at approximately $22,876,196.42. This represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,871 shares of company stock valued at $14,586,333. Insiders own 2.02% of the company's stock.

PACCAR Stock Performance

Shares of NASDAQ PCAR traded down $2.98 during mid-day trading on Wednesday, hitting $103.11. The company had a trading volume of 4,474,050 shares, compared to its average volume of 2,346,627. The stock has a market cap of $54.06 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 2.79 and a beta of 0.92. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $125.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.39. The firm's 50 day simple moving average is $109.08 and its two-hundred day simple moving average is $104.75.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly 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 return on equity of 23.53% and a net margin of 12.36%. As a group, equities research analysts forecast that PACCAR Inc will post 7.6 earnings per share for the current year.

PACCAR Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a $3.00 dividend. 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 (DPR) is 16.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Bank of America raised PACCAR from a "neutral" rating to a "buy" rating and increased their price target for the company from $116.00 to $121.50 in a report on Tuesday, January 14th. BNP Paribas raised PACCAR to a "hold" rating in a report on Wednesday, October 16th. Royal Bank of Canada reissued a "sector perform" rating and issued a $119.00 price target on shares of PACCAR in a report on Monday, November 4th. Jefferies Financial Group downgraded PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Friday, December 6th. Finally, Morgan Stanley reduced their price target on PACCAR from $135.00 to $126.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.95.

PACCAR Company 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.