Atria Wealth Solutions Inc. Has $7.52 Million Holdings in PACCAR Inc (NASDAQ:PCAR)

Atria Wealth Solutions Inc. lifted its position in PACCAR Inc (NASDAQ:PCAR) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,633 shares of the company’s stock after buying an additional 491 shares during the period. Atria Wealth Solutions Inc.’s holdings in PACCAR were worth $7,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Alaska Permanent Fund Corp boosted its stake in PACCAR by 1.3% in the 4th quarter. Alaska Permanent Fund Corp now owns 141,958 shares of the company’s stock worth $13,862,000 after purchasing an additional 1,856 shares during the period. Watershed Asset Management L.L.C. acquired a new position in shares of PACCAR during the 4th quarter worth about $295,000. Harvest Fund Management Co. Ltd boosted its stake in shares of PACCAR by 7.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 7,120 shares of the company’s stock worth $660,000 after buying an additional 483 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of PACCAR during the 4th quarter worth about $364,000. Finally, Linden Thomas Advisory Services LLC acquired a new position in shares of PACCAR during the 4th quarter worth about $258,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on PCAR. UBS Group upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $104.00 to $136.00 in a research note on Friday, March 15th. Morgan Stanley began coverage on shares of PACCAR in a research note on Monday, January 8th. They set an “overweight” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of PACCAR from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. The Goldman Sachs Group raised their target price on shares of PACCAR from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada assumed coverage on shares of PACCAR in a research note on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 target price for the company. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.82.

Insider Activity

In related news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.15, for a total transaction of $212,300.00. Following the sale, the vice president now owns 5,726 shares of the company’s stock, valued at $607,814.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Mark C. Pigott sold 74,347 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $101.93, for a total transaction of $7,578,189.71. Following the sale, the chairman now owns 4,843,277 shares of the company’s stock, valued at $493,675,224.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.15, for a total value of $212,300.00. Following the sale, the vice president now directly owns 5,726 shares in the company, valued at approximately $607,814.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,293 shares of company stock valued at $14,581,337. 2.02% of the stock is owned by insiders.

PACCAR Stock Performance

Shares of PACCAR stock traded down $0.20 on Friday, hitting $112.42. The stock had a trading volume of 240,197 shares, compared to its average volume of 2,300,493. PACCAR Inc has a twelve month low of $68.40 and a twelve month high of $125.50. The business’s 50 day moving average is $116.49 and its two-hundred day moving average is $101.60. The company has a quick ratio of 2.21, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. The stock has a market cap of $58.91 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 23rd. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.25 by $0.45. PACCAR had a return on equity of 33.17% and a net margin of 13.10%. The company had revenue of $8.59 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts forecast that PACCAR Inc will post 8.21 EPS for the current year.

PACCAR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 15th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, February 14th. PACCAR’s payout ratio is 12.31%.

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.