Lester Murray Antman dba SimplyRich Increases Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Lester Murray Antman dba SimplyRich increased its position in PACCAR Inc (NASDAQ:PCAR) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,808 shares of the company’s stock after acquiring an additional 204 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in PACCAR were worth $2,060,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PCAR. Golden State Wealth Management LLC bought a new position in PACCAR in the 4th quarter valued at $37,000. Regents Gate Capital LLP bought a new position in PACCAR in the 4th quarter worth about $44,000. Grove Bank & Trust raised its holdings in shares of 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 acquiring an additional 103 shares in the last quarter. Sander Capital Advisors Inc. purchased a new position in shares of PACCAR during the third quarter worth about $50,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of PACCAR in the third quarter worth approximately $52,000. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Insider Buying and Selling at PACCAR

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 shares were sold at an average price of $110.98, for a total transaction of $2,796,696.00. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd R. Hubbard sold 2,000 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,871 shares of company stock worth $14,586,333. 2.02% of the stock is currently owned by company insiders.

PACCAR Trading Down 0.0 %

Shares of PCAR stock opened at $106.09 on Wednesday. The business has a 50-day moving average of $109.29 and a 200 day moving average of $104.70. 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. The stock has a market capitalization of $55.62 billion, a PE ratio of 13.41, a P/E/G ratio of 2.79 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data 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%. As a group, sell-side analysts anticipate 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. Shareholders of record on Friday, December 20th were issued a $3.00 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is a positive change from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio (DPR) is 15.17%.

Analyst Ratings Changes

Several equities research analysts have issued reports on PCAR shares. JPMorgan Chase & Co. lifted their target price on shares of PACCAR from $125.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Morgan Stanley dropped their price objective on shares of PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Truist Financial upped their target price on shares of PACCAR from $112.00 to $113.00 and gave the stock a “hold” rating in a research report on Wednesday, January 29th. Citigroup lowered 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. Finally, Evercore ISI upgraded PACCAR from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $99.00 to $129.00 in a report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PACCAR has an average rating of “Moderate Buy” and a consensus price target of $121.95.

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.