Yousif Capital Management LLC Sells 1,782 Shares of PACCAR Inc (NASDAQ:PCAR)

Yousif Capital Management LLC lessened its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 2.5% during the 4th quarter, HoldingsChannel reports. The firm owned 70,365 shares of the company’s stock after selling 1,782 shares during the quarter. Yousif Capital Management LLC’s holdings in PACCAR were worth $7,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PCAR. Grove Bank & Trust grew its stake in PACCAR by 28.4% in the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company’s stock valued at $46,000 after buying an additional 103 shares during the last quarter. Sander Capital Advisors Inc. acquired a new stake in shares of PACCAR in the third quarter valued at about $50,000. Ashton Thomas Securities LLC acquired a new stake in shares of PACCAR in the third quarter valued at about $52,000. AdvisorNet Financial Inc increased 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 period. Finally, ORG Wealth Partners LLC acquired a new position in shares of PACCAR during the 4th quarter worth about $76,000. Institutional investors own 64.90% of the company’s stock.

Insiders Place Their Bets

In other PACCAR news, CEO R Preston Feight sold 25,200 shares of the business’s stock in a transaction on Friday, January 31st. The stock was 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 owns 206,129 shares of the company’s stock, valued at approximately $22,876,196.42. The trade was a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction on 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 owns 5,463 shares in the company, valued at $612,129.15. The trade was a 26.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,871 shares of company stock valued at $14,586,333. 2.02% of the stock is currently owned by insiders.

PACCAR Stock Down 1.4 %

NASDAQ PCAR opened at $106.99 on Thursday. PACCAR Inc has a 1-year low of $90.04 and a 1-year 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 stock’s 50 day moving average is $110.07 and its two-hundred day moving average is $104.53. The company has a current ratio of 1.67, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR) last announced its quarterly 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 net margin of 12.36% and a return on equity of 23.53%. Equities analysts forecast that PACCAR Inc will post 7.6 earnings per share for the current fiscal year.

PACCAR Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup dropped their price target on PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $119.00 target price on shares of PACCAR in a research note on Monday, November 4th. BNP Paribas upgraded shares of PACCAR to a “hold” rating in a research report on Wednesday, October 16th. Truist Financial upped their price objective on shares of PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Finally, Evercore ISI upgraded shares of PACCAR from an “in-line” rating to an “outperform” rating and increased their target price for the company from $99.00 to $129.00 in a research note 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.95.

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.