Retireful LLC Takes Position in PACCAR Inc (NASDAQ:PCAR)

Retireful LLC acquired a new position in shares of PACCAR Inc (NASDAQ:PCAR) during the fourth quarter, HoldingsChannel reports. The firm acquired 6,879 shares of the company’s stock, valued at approximately $716,000.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC increased its holdings in PACCAR by 13.3% during the 3rd quarter. CVA Family Office LLC now owns 827 shares of the company’s stock worth $82,000 after purchasing an additional 97 shares in the last quarter. Global Financial Private Client LLC grew its holdings in shares of PACCAR by 1.0% during the fourth quarter. Global Financial Private Client LLC now owns 9,716 shares of the company’s stock worth $1,011,000 after buying an additional 97 shares in the last quarter. Omnia Family Wealth LLC grew its holdings in shares of PACCAR by 2.5% during the third quarter. Omnia Family Wealth LLC now owns 3,993 shares of the company’s stock worth $394,000 after buying an additional 98 shares in the last quarter. Grove Bank & Trust raised its position 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 buying an additional 103 shares during the last quarter. Finally, Insight Wealth Partners LLC lifted its stake in PACCAR by 1.4% in the 3rd quarter. Insight Wealth Partners LLC now owns 7,700 shares of the company’s stock valued at $760,000 after acquiring an additional 104 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

PACCAR Stock Performance

PCAR opened at $109.48 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.25 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. The business has a 50 day moving average of $111.24 and a 200-day moving average of $103.93. The stock has a market cap of $57.40 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.72 and a beta of 0.93.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.03. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The business had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter last year, the firm posted $2.34 EPS. The company’s quarterly revenue was down 5.2% on a year-over-year basis. On average, equities research analysts expect that PACCAR Inc will post 7.92 earnings per share for the current year.

PACCAR Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a dividend of $3.00 per share. This is an increase from PACCAR’s previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR’s payout ratio is presently 13.41%.

Insider Activity at PACCAR

In other 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 value of $346,482.10. Following the transaction, the vice president now owns 3,061 shares of the company’s stock, valued at approximately $328,353.47. This represents a 51.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin D. Baney sold 9,894 shares of PACCAR stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $107.00, for a total value of $1,058,658.00. Following the sale, the senior vice president now directly owns 7,121 shares of the company’s stock, valued at approximately $761,947. The trade was a 58.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,315 shares of company stock worth $6,358,552. Insiders own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

PCAR has been the subject of several research reports. BNP Paribas raised shares of PACCAR to a “hold” rating in a research note on Wednesday, October 16th. Truist Financial lifted their price target on shares of PACCAR from $110.00 to $112.00 and gave the company a “hold” rating in a research note on Thursday. Evercore ISI upgraded shares of PACCAR from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $99.00 to $129.00 in a research note on Wednesday, November 13th. Morgan Stanley decreased their price objective on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their target price on PACCAR from $122.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, PACCAR has a consensus rating of “Hold” and a consensus target price of $120.13.

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.