PACCAR Inc (NASDAQ:PCAR) Stake Increased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC lifted its holdings in PACCAR Inc (NASDAQ:PCAR) by 21.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,041 shares of the company’s stock after acquiring an additional 6,936 shares during the quarter. Insight Wealth Strategies LLC’s holdings in PACCAR were worth $4,061,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PCAR. Foundations Investment Advisors LLC lifted its position in shares of PACCAR by 4.3% in the second quarter. Foundations Investment Advisors LLC now owns 3,112 shares of the company’s stock worth $320,000 after purchasing an additional 127 shares in the last quarter. New York Life Investment Management LLC lifted its position in PACCAR by 0.7% in the 2nd quarter. New York Life Investment Management LLC now owns 72,027 shares of the company’s stock worth $7,414,000 after buying an additional 522 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of PACCAR by 3.1% during the 2nd quarter. Private Advisor Group LLC now owns 21,661 shares of the company’s stock valued at $2,230,000 after buying an additional 658 shares during the period. Candriam S.C.A. grew its holdings in shares of PACCAR by 4.9% during the 2nd quarter. Candriam S.C.A. now owns 41,110 shares of the company’s stock valued at $4,232,000 after acquiring an additional 1,936 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in shares of PACCAR by 0.6% during the 2nd quarter. Savant Capital LLC now owns 20,811 shares of the company’s stock valued at $2,142,000 after acquiring an additional 118 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Stock Performance

Shares of NASDAQ:PCAR traded up $2.36 during midday trading on Monday, hitting $107.26. The company’s stock had a trading volume of 1,120,870 shares, compared to its average volume of 1,466,510. PACCAR Inc has a fifty-two week low of $90.04 and a fifty-two week high of $125.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.03 and a current ratio of 1.25. The stock has a market capitalization of $56.24 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 1.77 and a beta of 0.93. The stock’s 50 day simple moving average is $110.98 and its 200 day simple moving average is $103.74.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.82 by $0.03. The company had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.34 EPS. As a group, research analysts anticipate that PACCAR Inc will post 7.98 earnings per share for the current year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued a dividend of $3.00 per share. This is an increase from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend is Friday, December 20th. PACCAR’s payout ratio is presently 14.75%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $99.00 to $129.00 in a research report on Wednesday, November 13th. Morgan Stanley lowered their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Citigroup increased their price objective on PACCAR from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $119.00 target price on shares of PACCAR in a research note on Monday, November 4th. Finally, BNP Paribas upgraded shares of PACCAR to a “hold” rating in a research note on Wednesday, October 16th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $118.50.

Insider Activity

In related news, CEO R Preston Feight sold 27,191 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $103.52, for a total value of $2,814,812.32. Following the completion of the transaction, the chief executive officer now directly owns 171,776 shares of the company’s stock, valued at $17,782,251.52. This trade represents a 13.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Todd R. Hubbard sold 3,230 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $107.27, for a total transaction of $346,482.10. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,315 shares of company stock valued at $6,358,552. Insiders own 2.02% of the company’s stock.

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.