QV Investors Inc. Sells 920 Shares of PACCAR Inc (NASDAQ:PCAR)

QV Investors Inc. trimmed its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 2.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 45,505 shares of the company’s stock after selling 920 shares during the quarter. QV Investors Inc.’s holdings in PACCAR were worth $4,733,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PCAR. Quarry LP acquired a new stake in shares of PACCAR in the 2nd quarter valued at approximately $26,000. Meeder Asset Management Inc. boosted its holdings in shares of PACCAR by 269.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 281 shares of the company’s stock valued at $29,000 after buying an additional 205 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of PACCAR in the 2nd quarter valued at approximately $36,000. Grove Bank & Trust boosted 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 buying an additional 103 shares during the last quarter. Finally, Sander Capital Advisors Inc. acquired a new stake in shares of PACCAR in the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 64.90% of the company’s stock.

Insider Buying and Selling

In other news, VP Todd R. Hubbard sold 3,230 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $107.27, for a total transaction of $346,482.10. Following the completion of the sale, the vice president now owns 3,061 shares in the company, valued at $328,353.47. The trade was a 51.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO R Preston Feight sold 27,191 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $103.52, for a total value of $2,814,812.32. Following the sale, the chief executive officer now owns 171,776 shares of the company’s stock, valued at approximately $17,782,251.52. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,315 shares of company stock valued at $6,358,552 over the last ninety days. 2.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PCAR shares. Morgan Stanley cut their price target on PACCAR from $135.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Citigroup raised their price target on PACCAR from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Evercore ISI raised PACCAR from an “in-line” rating to an “outperform” rating and raised their price target for the company from $99.00 to $129.00 in a report on Wednesday, November 13th. BNP Paribas raised PACCAR to a “hold” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lowered their price objective on PACCAR from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $118.50.

PACCAR Trading Up 1.4 %

Shares of PCAR stock traded up $1.48 during mid-day trading on Monday, reaching $108.06. 802,780 shares of the stock traded hands, compared to its average volume of 2,082,478. The stock’s fifty day simple moving average is $111.26 and its two-hundred day simple moving average is $103.81. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50. The company has a market cap of $56.66 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.03. The company had revenue of $8.24 billion for the quarter, compared to analyst estimates of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 earnings per share. On average, research analysts anticipate that PACCAR Inc will post 7.98 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid a $3.00 dividend. This is a positive change from PACCAR’s previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR’s payout ratio is currently 14.75%.

PACCAR Company 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.