PACCAR Inc (NASDAQ:PCAR) Shares Sold by Optimist Retirement Group LLC

Optimist Retirement Group LLC decreased its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 373,501 shares of the company’s stock after selling 4,818 shares during the period. PACCAR makes up about 18.4% of Optimist Retirement Group LLC’s portfolio, making the stock its largest position. Optimist Retirement Group LLC’s holdings in PACCAR were worth $38,852,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Grove Bank & Trust increased its position in shares of PACCAR by 28.4% during the third quarter. Grove Bank & Trust now owns 466 shares of the company’s stock worth $46,000 after acquiring an additional 103 shares in the last quarter. Sander Capital Advisors Inc. acquired a new position in PACCAR during the 3rd quarter valued at about $50,000. Ashton Thomas Securities LLC bought a new stake in PACCAR during the 3rd quarter worth approximately $52,000. AdvisorNet Financial Inc raised its stake in shares of PACCAR by 223.4% in the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock worth $59,000 after purchasing an additional 391 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of PACCAR in the fourth quarter valued at approximately $76,000. 64.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PCAR has been the subject of several recent research reports. Citigroup decreased their price target on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. BNP Paribas upgraded shares of PACCAR to a “hold” rating in a report on Wednesday, October 16th. Jefferies Financial Group cut shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Friday, December 6th. Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $116.00 to $121.50 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 lifted their target price for the stock from $99.00 to $129.00 in a research report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PACCAR presently has an average rating of “Moderate Buy” and a consensus price target of $121.95.

PACCAR Stock Down 1.4 %

PCAR stock opened at $106.99 on Thursday. The stock has a fifty day moving average of $110.07 and a 200-day moving average of $104.53. PACCAR Inc has a fifty-two week low of $90.04 and a fifty-two week high of $125.50. The company has a market capitalization of $56.09 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.87 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.39 and a current ratio of 1.67.

PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share for the quarter, missing analysts’ consensus estimates 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 predict that PACCAR Inc will post 7.6 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid a $3.00 dividend. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s payout ratio is currently 15.17%.

Insider Buying and Selling at PACCAR

In other news, EVP Darrin C. Siver sold 103,671 shares of PACCAR stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 61,005 shares in the company, valued at approximately $6,805,717.80. The trade was a 62.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $112.05, for a total value of $224,100.00. Following the sale, the vice president now directly owns 5,463 shares in the company, valued at $612,129.15. This trade represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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 company insiders.

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.