Farther Finance Advisors LLC Has $776,000 Position in PACCAR Inc (NASDAQ:PCAR)

Farther Finance Advisors LLC cut its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 10.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,464 shares of the company’s stock after selling 825 shares during the period. Farther Finance Advisors LLC’s holdings in PACCAR were worth $776,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have 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 $37,000. Kestra Investment Management LLC acquired a new stake in PACCAR during the fourth quarter valued at $37,000. OFI Invest Asset Management acquired a new position in PACCAR in the 4th quarter worth about $43,000. Regents Gate Capital LLP purchased a new stake in shares of PACCAR during the 4th quarter worth about $44,000. Finally, Larson Financial Group LLC lifted its holdings in shares of PACCAR by 39.1% during the 4th quarter. Larson Financial Group LLC now owns 548 shares of the company’s stock valued at $57,000 after buying an additional 154 shares during the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PCAR shares. JPMorgan Chase & Co. increased their price objective on PACCAR from $125.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Friday, December 6th. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $116.00 to $121.50 in a report on Tuesday, January 14th. Evercore ISI cut their target price on PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, Truist Financial increased their price objective on PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $120.35.

Insider Activity at PACCAR

In other news, VP Todd R. Hubbard sold 2,000 shares of PACCAR 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 completion of the sale, the vice president now directly owns 5,463 shares of the company’s stock, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold 165,547 shares of company stock valued at $18,261,908 in the last ninety days. Insiders own 2.02% of the company’s stock.

PACCAR Stock Up 0.8 %

Shares of PCAR opened at $99.21 on Friday. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50. The firm has a market capitalization of $52.07 billion, a P/E ratio of 12.54, a P/E/G ratio of 2.77 and a beta of 0.91. The company has a 50-day simple moving average of $107.17 and a 200-day simple moving average of $106.35. 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 (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 the consensus estimate of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. On average, equities research analysts expect that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio (DPR) is presently 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.