Vest Financial LLC Purchases 35,635 Shares of PACCAR Inc (NASDAQ:PCAR)

Vest Financial LLC increased its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,356 shares of the company's stock after acquiring an additional 35,635 shares during the period. Vest Financial LLC owned about 0.06% of PACCAR worth $32,075,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PCAR. Madrona Financial Services LLC boosted its holdings in shares of PACCAR by 1.1% during the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock worth $837,000 after buying an additional 91 shares during the period. CVA Family Office LLC boosted its holdings in PACCAR by 13.3% in the 3rd quarter. CVA Family Office LLC now owns 827 shares of the company's stock valued at $82,000 after purchasing an additional 97 shares during the period. Global Financial Private Client LLC boosted its holdings in PACCAR by 1.0% in the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock valued at $1,011,000 after purchasing an additional 97 shares during the period. Omnia Family Wealth LLC boosted its holdings in PACCAR by 2.5% in the 3rd quarter. Omnia Family Wealth LLC now owns 3,993 shares of the company's stock valued at $394,000 after purchasing an additional 98 shares during the period. Finally, Grove Bank & Trust boosted its holdings in 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 during the period. 64.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other PACCAR news, VP Todd R. Hubbard sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the sale, the vice president now owns 5,463 shares in the company, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darrin C. Siver sold 103,671 shares of the stock in a transaction that occurred on 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 directly owns 61,005 shares of the company's stock, valued at approximately $6,805,717.80. This trade represents a 62.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 130,871 shares of company stock valued at $14,586,333 in the last 90 days. 2.02% of the stock is currently owned by insiders.

PACCAR Stock Down 2.8 %

Shares of NASDAQ:PCAR traded down $2.98 during midday trading on Wednesday, reaching $103.11. The company's stock had a trading volume of 4,474,050 shares, compared to its average volume of 2,346,627. The firm has a 50 day moving average of $109.08 and a 200-day moving average of $104.75. The firm has a market capitalization of $54.06 billion, a P/E ratio of 13.04, a PEG ratio of 2.79 and a beta of 0.92. The company has a quick ratio of 1.39, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $125.50.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. On average, research analysts anticipate 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. Stockholders of record on Friday, December 20th were issued a dividend of $3.00 per share. The ex-dividend date was Friday, December 20th. This is an increase from PACCAR's previous dividend of $0.89. PACCAR's dividend payout ratio (DPR) is presently 16.69%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PCAR. Jefferies Financial Group cut shares of PACCAR from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their target price 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 boosted their target price for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. Citigroup lowered 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. Finally, Evercore ISI raised shares of PACCAR from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $99.00 to $129.00 in a research note on Wednesday, November 13th. Seven 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.com, PACCAR presently has an average rating of "Moderate Buy" and an average price target of $121.95.

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.