Larson Financial Group LLC Has $57,000 Holdings in PACCAR Inc (NASDAQ:PCAR)

Larson Financial Group LLC grew its position in shares of PACCAR Inc (NASDAQ:PCAR) by 39.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 548 shares of the company’s stock after purchasing an additional 154 shares during the quarter. Larson Financial Group LLC’s holdings in PACCAR were worth $57,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Lifeworks Advisors LLC boosted its stake in shares of PACCAR by 9.4% during the fourth quarter. Lifeworks Advisors LLC now owns 45,581 shares of the company’s stock valued at $4,741,000 after purchasing an additional 3,924 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of PACCAR by 1.5% during the fourth quarter. Intellectus Partners LLC now owns 10,880 shares of the company’s stock valued at $1,164,000 after purchasing an additional 157 shares in the last quarter. Banco Santander S.A. acquired a new stake in shares of PACCAR during the fourth quarter valued at about $277,000. Berkshire Asset Management LLC PA acquired a new stake in shares of PACCAR during the fourth quarter valued at about $326,000. Finally, Callan Family Office LLC acquired a new stake in shares of PACCAR during the fourth quarter valued at about $439,000. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Trading Down 2.3 %

Shares of PCAR stock opened at $102.33 on Thursday. The company has a market cap of $53.70 billion, a P/E ratio of 12.94, a PEG ratio of 2.77 and a beta of 0.91. The stock has a 50 day simple moving average of $107.39 and a two-hundred day simple moving average of $106.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. PACCAR Inc has a fifty-two week low of $90.04 and a fifty-two week high of $125.50.

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%. Research analysts forecast that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently disclosed 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. 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 currently 16.69%.

Insider Activity

In other news, EVP Darrin C. Siver sold 103,671 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the sale, the executive vice president now owns 61,005 shares in the company, valued at $6,805,717.80. The trade was a 62.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO R Preston Feight sold 25,200 shares of PACCAR stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $110.98, for a total value of $2,796,696.00. Following the transaction, the chief executive officer now directly owns 206,129 shares in the company, valued at approximately $22,876,196.42. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock worth $18,261,908 over the last quarter. 2.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PCAR shares. Jefferies Financial Group lowered PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Friday, December 6th. Bank of America raised PACCAR from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $116.00 to $121.50 in a research note on Tuesday, January 14th. Citigroup cut their price objective on PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI cut their price objective on PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lifted their price objective on PACCAR from $125.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.77.

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.