PACCAR Inc (NASDAQ:PCAR) Shares Sold by Bogart Wealth LLC

Bogart Wealth LLC reduced its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 138,484 shares of the company’s stock after selling 1,614 shares during the period. PACCAR makes up approximately 0.7% of Bogart Wealth LLC’s portfolio, making the stock its 27th biggest holding. Bogart Wealth LLC’s holdings in PACCAR were worth $14,405,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of PACCAR during the 4th quarter valued at about $37,000. Regents Gate Capital LLP acquired a new stake in shares of PACCAR during the 4th quarter valued at about $44,000. Sander Capital Advisors Inc. acquired a new stake in shares of PACCAR during the 3rd quarter valued at about $50,000. Ashton Thomas Securities LLC acquired a new stake in shares of PACCAR during the 3rd quarter valued at about $52,000. Finally, AdvisorNet Financial Inc grew its position in shares of PACCAR by 223.4% during the 4th quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock valued at $59,000 after acquiring an additional 391 shares during the period. 64.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PACCAR

In related news, EVP Darrin C. Siver sold 103,671 shares of PACCAR stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $111.56, for a total value 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 approximately $6,805,717.80. This trade represents a 62.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the sale, the vice president now owns 5,463 shares of the company’s stock, valued at $612,129.15. This trade represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 130,871 shares of company stock worth $14,586,333 in the last 90 days. Insiders own 2.02% of the company’s stock.

PACCAR Stock Up 2.1 %

Shares of NASDAQ PCAR opened at $105.26 on Friday. The company has a 50 day simple moving average of $108.77 and a 200-day simple moving average of $104.74. The company has a market capitalization of $55.19 billion, a P/E ratio of 13.31, a P/E/G ratio of 2.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 1.39. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $125.50.

PACCAR (NASDAQ:PCAR) last announced 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%. On average, equities research analysts predict that PACCAR Inc will post 7.6 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently declared 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. The ex-dividend date was Friday, December 20th. This is an increase from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio (DPR) is currently 15.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PCAR shares. Morgan Stanley dropped their target price on PACCAR from $135.00 to $126.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on PACCAR from $125.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $119.00 price target on shares of PACCAR in a research note on Monday, November 4th. Jefferies Financial Group lowered shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Friday, December 6th. Finally, Truist Financial raised their price target on shares of PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, PACCAR currently has an average rating of “Moderate Buy” and an average 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.