Fiducient Advisors LLC Invests $38.06 Million in PACCAR Inc (NASDAQ:PCAR)

Fiducient Advisors LLC acquired a new stake in shares of PACCAR Inc (NASDAQ:PCAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 365,929 shares of the company’s stock, valued at approximately $38,064,000. PACCAR accounts for about 4.7% of Fiducient Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Fiducient Advisors LLC owned approximately 0.07% of PACCAR at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of PACCAR by 5.6% during the third quarter. Principal Financial Group Inc. now owns 3,398,193 shares of the company’s stock valued at $335,334,000 after buying an additional 178,813 shares during the last quarter. Morse Asset Management Inc bought a new stake in PACCAR during the 3rd quarter valued at $370,000. McIlrath & Eck LLC boosted its position in PACCAR by 16.0% during the 3rd quarter. McIlrath & Eck LLC now owns 28,064 shares of the company’s stock worth $2,769,000 after acquiring an additional 3,878 shares during the period. Sanctuary Advisors LLC grew its stake in shares of PACCAR by 24.3% in the third quarter. Sanctuary Advisors LLC now owns 30,016 shares of the company’s stock worth $2,962,000 after purchasing an additional 5,871 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of PACCAR during the third quarter valued at about $419,000. 64.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other PACCAR news, VP Michael K. Walton sold 6,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total value of $636,780.00. Following the transaction, the vice president now owns 951 shares in the company, valued at $100,929.63. The trade was a 86.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Harrie Schippers sold 28,676 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.97, for a total value of $3,038,795.72. Following the sale, the chief financial officer now directly owns 114,659 shares of the company’s stock, valued at $12,150,414.23. This trade represents a 20.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock worth $18,261,908 in the last quarter. 2.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on PCAR shares. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $116.00 to $121.50 in a research report on Tuesday, January 14th. Melius upgraded PACCAR from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Evercore ISI lowered their price target on PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Melius Research set a $120.00 price objective on PACCAR in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. decreased their target price on PACCAR from $121.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.13.

PACCAR Trading Up 1.9 %

PACCAR stock opened at $90.47 on Friday. The firm has a market capitalization of $47.49 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 2.77 and a beta of 0.96. The company has a 50 day moving average price of $100.92 and a 200 day moving average price of $106.15. 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 52 week low of $85.10 and a 52 week high of $121.75.

PACCAR (NASDAQ:PCAR) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.66 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%. Research analysts forecast that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from PACCAR’s previous quarterly dividend of $0.30. PACCAR’s dividend payout ratio is currently 16.69%.

PACCAR 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.