Atria Wealth Solutions Inc. Boosts Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Atria Wealth Solutions Inc. grew its position in shares of PACCAR Inc (NASDAQ:PCAR) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,633 shares of the company’s stock after buying an additional 491 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in PACCAR were worth $7,520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PCAR. Lord Abbett & CO. LLC bought a new position in PACCAR in the third quarter worth approximately $33,668,000. International Assets Investment Management LLC raised its position in shares of PACCAR by 8,388.6% during the 4th quarter. International Assets Investment Management LLC now owns 376,132 shares of the company’s stock valued at $36,729,000 after purchasing an additional 371,701 shares during the period. Clarius Group LLC grew its stake in PACCAR by 52.7% during the fourth quarter. Clarius Group LLC now owns 1,012,755 shares of the company’s stock valued at $98,896,000 after acquiring an additional 349,727 shares in the last quarter. Invesco Ltd. grew its stake in PACCAR by 9.9% during the third quarter. Invesco Ltd. now owns 3,645,267 shares of the company’s stock valued at $309,921,000 after acquiring an additional 328,347 shares in the last quarter. Finally, Northern Trust Corp grew its stake in PACCAR by 6.0% during the third quarter. Northern Trust Corp now owns 5,540,803 shares of the company’s stock valued at $471,079,000 after acquiring an additional 316,001 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on PCAR shares. UBS Group raised shares of PACCAR from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $104.00 to $136.00 in a research note on Friday, March 15th. Bank of America raised shares of PACCAR from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $84.00 to $97.00 in a report on Friday, January 19th. Morgan Stanley initiated coverage on shares of PACCAR in a report on Monday, January 8th. They issued an “overweight” rating and a $125.00 price objective on the stock. Royal Bank of Canada initiated coverage on shares of PACCAR in a research report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 price objective for the company. Finally, Truist Financial initiated coverage on shares of PACCAR in a research report on Thursday, March 14th. They set a “hold” rating and a $117.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.82.

Insider Buying and Selling at PACCAR

In other PACCAR news, Chairman Mark C. Pigott sold 74,347 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $101.93, for a total value of $7,578,189.71. Following the completion of the transaction, the chairman now owns 4,843,277 shares of the company’s stock, valued at approximately $493,675,224.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other PACCAR news, Chairman Mark C. Pigott sold 74,347 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $101.93, for a total value of $7,578,189.71. Following the completion of the transaction, the chairman now owns 4,843,277 shares of the company’s stock, valued at approximately $493,675,224.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Todd R. Hubbard sold 4,829 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $102.12, for a total transaction of $493,137.48. Following the completion of the transaction, the vice president now directly owns 5,726 shares of the company’s stock, valued at approximately $584,739.12. The disclosure for this sale can be found here. Insiders sold 141,293 shares of company stock valued at $14,581,337 in the last 90 days. Company insiders own 2.02% of the company’s stock.

PACCAR Trading Down 0.2 %

PACCAR stock traded down $0.20 during trading on Friday, hitting $112.42. The company had a trading volume of 240,197 shares, compared to its average volume of 2,300,493. PACCAR Inc has a 1-year low of $68.40 and a 1-year high of $125.50. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.54. The company’s 50 day simple moving average is $116.49 and its 200-day simple moving average is $101.60. The stock has a market cap of $58.91 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 23rd. The company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.45. PACCAR had a net margin of 13.10% and a return on equity of 33.17%. The firm had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter last year, the firm earned $1.76 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, analysts expect that PACCAR Inc will post 8.21 EPS for the current fiscal year.

PACCAR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 15th were given a $0.27 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.08 annualized dividend and a yield of 0.96%. PACCAR’s dividend payout ratio is presently 12.31%.

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.