PACCAR Inc (NASDAQ:PCAR) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. boosted its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 7.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 61,741 shares of the company’s stock after buying an additional 4,390 shares during the quarter. GHP Investment Advisors Inc.’s holdings in PACCAR were worth $6,422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Grove Bank & Trust raised its stake in PACCAR by 28.4% in the 3rd quarter. Grove Bank & Trust now owns 466 shares of the company’s stock worth $46,000 after acquiring an additional 103 shares during the last quarter. Sander Capital Advisors Inc. purchased a new position in shares of PACCAR in the third quarter worth about $50,000. Ashton Thomas Securities LLC acquired a new stake in shares of PACCAR during the third quarter worth about $52,000. AdvisorNet Financial Inc boosted its position in PACCAR by 223.4% in the fourth quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock valued at $59,000 after buying an additional 391 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in PACCAR in the 4th quarter worth approximately $76,000. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

PACCAR Stock Performance

PCAR opened at $107.68 on Friday. The firm’s fifty day simple moving average is $109.88 and its two-hundred day simple moving average is $104.55. PACCAR Inc has a 52-week low of $90.04 and a 52-week high of $125.50. The company has a market cap of $56.46 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 2.87 and a beta of 0.92. The company has a quick ratio of 1.39, a current ratio of 1.67 and a debt-to-equity ratio of 0.54.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings data 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 return on equity of 23.53% and a net margin of 12.36%. Equities analysts anticipate that PACCAR Inc will post 7.6 earnings per share for the current fiscal year.

PACCAR Increases Dividend

The company 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 an increase from PACCAR’s previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR’s dividend payout ratio is currently 15.17%.

Analyst Ratings Changes

Several analysts have commented on PCAR shares. Royal Bank of Canada restated a “sector perform” rating and set a $119.00 price objective on shares of PACCAR in a research note on Monday, November 4th. BNP Paribas raised shares of PACCAR to a “hold” rating in a report on Wednesday, October 16th. Truist Financial lifted their price objective on PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on PACCAR from $125.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Citigroup decreased their price target on PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.95.

Insider Buying and Selling at PACCAR

In related news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction that occurred 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 owns 5,463 shares of the company’s stock, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the chief executive officer now directly owns 206,129 shares in the company, valued at $22,876,196.42. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,871 shares of company stock worth $14,586,333. 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.