RFG Bristol Wealth Advisors LLC Invests $444,000 in PACCAR Inc (NASDAQ:PCAR)

RFG Bristol Wealth Advisors LLC bought a new stake in PACCAR Inc (NASDAQ:PCAR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,272 shares of the company’s stock, valued at approximately $444,000.

Several other hedge funds have also recently added to or reduced their stakes in PCAR. Meeder Asset Management Inc. increased its holdings in shares of PACCAR by 221.8% during the fourth quarter. Meeder Asset Management Inc. now owns 280 shares of the company’s stock valued at $29,000 after purchasing an additional 193 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of PACCAR during the 4th quarter worth about $37,000. Kestra Investment Management LLC acquired a new stake in shares of PACCAR in the 4th quarter worth approximately $37,000. OFI Invest Asset Management bought a new position in shares of PACCAR in the fourth quarter valued at approximately $43,000. Finally, Atala Financial Inc bought a new position in shares of PACCAR in the fourth quarter valued at approximately $43,000. Institutional investors own 64.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PCAR. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and upped their target price for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. UBS Group lowered PACCAR from a “buy” rating to a “neutral” rating and cut their price objective for the company from $124.00 to $108.00 in a report on Tuesday, March 18th. Melius raised PACCAR from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Friday, December 6th. Finally, Melius Research set a $120.00 price objective on shares of PACCAR in a research note on Tuesday, March 18th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.54.

PACCAR Stock Up 0.9 %

Shares of PACCAR stock opened at $98.29 on Wednesday. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $123.20. The company has a market cap of $51.60 billion, a P/E ratio of 12.43, a P/E/G ratio of 2.77 and a beta of 0.91. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $104.69 and a 200 day moving average price of $106.76.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) 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, analysts expect that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.34%. This is a positive change from PACCAR’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 12th. PACCAR’s dividend payout ratio (DPR) is currently 16.69%.

Insider Activity at PACCAR

In other news, EVP Darrin C. Siver sold 103,671 shares of PACCAR stock in a transaction dated 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 directly owns 61,005 shares in the company, valued at $6,805,717.80. The trade was a 62.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael K. Walton sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the completion of the sale, the vice president now directly owns 951 shares of the company’s stock, valued at approximately $100,929.63. The trade was a 86.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,547 shares of company stock valued at $18,261,908. Insiders own 2.02% of the company’s stock.

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.