International Assets Investment Management LLC Sells 579 Shares of PACCAR Inc (NASDAQ:PCAR)

International Assets Investment Management LLC trimmed its position in PACCAR Inc (NASDAQ:PCARFree Report) by 13.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,852 shares of the company’s stock after selling 579 shares during the period. International Assets Investment Management LLC’s holdings in PACCAR were worth $376,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its position in PACCAR by 188.5% in the 4th quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock worth $27,000 after purchasing an additional 181 shares in the last quarter. NBC Securities Inc. bought a new stake in PACCAR in the 3rd quarter worth about $34,000. Bruce G. Allen Investments LLC bought a new stake in PACCAR in the 4th quarter worth about $37,000. Larson Financial Group LLC grew its position in PACCAR by 55.1% in the 3rd quarter. Larson Financial Group LLC now owns 459 shares of the company’s stock worth $39,000 after purchasing an additional 163 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in PACCAR in the 4th quarter worth about $44,000. 64.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PCAR shares. Truist Financial reaffirmed a “hold” rating and issued a $121.00 price objective (up from $117.00) on shares of PACCAR in a research report on Thursday, May 2nd. TD Cowen increased their target price on shares of PACCAR from $91.00 to $108.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. UBS Group raised shares of PACCAR from a “neutral” rating to a “buy” rating and increased their target price for the company from $104.00 to $136.00 in a research report on Friday, March 15th. JPMorgan Chase & Co. reduced their target price on shares of PACCAR from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada assumed coverage on shares of PACCAR in a research report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 target price for the company. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PACCAR has a consensus rating of “Moderate Buy” and a consensus target price of $112.62.

Get Our Latest Analysis on PACCAR

PACCAR Stock Up 0.2 %

Shares of NASDAQ:PCAR opened at $105.60 on Wednesday. The company has a market cap of $55.35 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.64 and a beta of 0.96. PACCAR Inc has a one year low of $68.40 and a one year high of $125.50. The firm has a fifty day moving average price of $114.91 and a two-hundred day moving average price of $104.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.73 and a quick ratio of 2.49.

PACCAR (NASDAQ:PCARGet Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The business had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $8.25 billion. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 earnings per share. Analysts anticipate that PACCAR Inc will post 8.26 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This is a positive change from PACCAR’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.14%. PACCAR’s payout ratio is presently 12.45%.

Insiders Place Their Bets

In other news, VP Brice J. Poplawski sold 2,067 shares of PACCAR stock in a transaction on Friday, May 10th. The shares were sold at an average price of $109.40, for a total transaction of $226,129.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO R Preston Feight sold 33,850 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $106.18, for a total transaction of $3,594,193.00. Following the transaction, the chief executive officer now directly owns 154,430 shares in the company, valued at approximately $16,397,377.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brice J. Poplawski sold 2,067 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $109.40, for a total value of $226,129.80. The disclosure for this sale can be found here. Insiders sold a total of 45,040 shares of company stock valued at $4,779,241 in the last quarter. Corporate insiders own 2.02% of the company’s stock.

PACCAR Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PACCAR (NASDAQ:PCAR)

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