Everett Harris & Co. CA Sells 172 Shares of PACCAR Inc (NASDAQ:PCAR)

Everett Harris & Co. CA cut its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,648 shares of the company’s stock after selling 172 shares during the period. Everett Harris & Co. CA’s holdings in PACCAR were worth $1,567,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its holdings in PACCAR by 188.5% in the fourth quarter. AdvisorNet Financial Inc now owns 277 shares of the company’s stock valued at $27,000 after acquiring an additional 181 shares during the last quarter. Riverview Trust Co bought a new stake in shares of PACCAR in the 1st quarter valued at $29,000. Rise Advisors LLC acquired a new stake in shares of PACCAR during the first quarter worth $31,000. Bruce G. Allen Investments LLC bought a new position in PACCAR during the fourth quarter worth $37,000. Finally, ORG Partners LLC boosted its position in PACCAR by 6,200.0% during the fourth quarter. ORG Partners LLC now owns 378 shares of the company’s stock valued at $37,000 after acquiring an additional 372 shares during the last quarter. 64.90% of the stock is currently owned by institutional investors.

PACCAR Stock Up 1.1 %

PACCAR stock traded up $1.09 during trading on Thursday, hitting $102.00. 1,860,059 shares of the company were exchanged, compared to its average volume of 2,897,979. The company has a market capitalization of $53.46 billion, a P/E ratio of 10.58, a PEG ratio of 1.21 and a beta of 0.92. The business’s 50 day moving average is $106.90 and its 200 day moving average is $107.80. PACCAR Inc has a 52 week low of $80.91 and a 52 week high of $125.50. The company has a current ratio of 2.73, a quick ratio of 2.49 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, April 30th. The company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. PACCAR had a net margin of 14.30% and a return on equity of 31.71%. The company had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the prior year, the company posted $2.25 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts predict that PACCAR Inc will post 8.34 earnings per share for the current year.

PACCAR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.18%. This is a boost from PACCAR’s previous quarterly dividend of $0.27. PACCAR’s dividend payout ratio (DPR) is currently 12.45%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PCAR. Royal Bank of Canada began coverage on PACCAR in a research note on Tuesday, March 26th. They issued a “sector perform” rating and a $123.00 price objective on the stock. Raymond James began coverage on PACCAR in a report on Friday, June 28th. They set a “market perform” rating on the stock. Truist Financial lowered their price objective on shares of PACCAR from $121.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday. StockNews.com lowered shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Finally, UBS Group raised shares of PACCAR from a “neutral” rating to a “buy” rating and lifted their price target for the company from $104.00 to $136.00 in a research note on Friday, March 15th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $113.92.

Insider Activity

In other news, VP Brice J. Poplawski sold 2,067 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $109.40, for a total transaction of $226,129.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Brice J. Poplawski sold 2,067 shares of the stock in a transaction that occurred 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 is available through this link. Also, VP Michael K. Walton sold 9,123 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.11, for a total transaction of $958,918.53. Following the sale, the vice president now owns 1,468 shares of the company’s stock, valued at approximately $154,301.48. 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 over the last three months. Corporate insiders own 2.02% of the company’s stock.

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.