Stratos Wealth Advisors LLC Sells 235 Shares of PACCAR Inc (NASDAQ:PCAR)

Stratos Wealth Advisors LLC lowered its stake in shares of PACCAR Inc (NASDAQ:PCAR) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,010 shares of the company’s stock after selling 235 shares during the period. Stratos Wealth Advisors LLC’s holdings in PACCAR were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of PCAR. UMB Bank n.a. boosted its holdings in shares of PACCAR by 1.8% during the 3rd quarter. UMB Bank n.a. now owns 33,288 shares of the company’s stock valued at $3,285,000 after purchasing an additional 601 shares during the last quarter. Hudson Capital Management LLC lifted its position in shares of PACCAR by 3.6% in the third quarter. Hudson Capital Management LLC now owns 44,652 shares of the company’s stock worth $4,406,000 after buying an additional 1,535 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in PACCAR by 23.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 95,397 shares of the company’s stock valued at $9,413,000 after buying an additional 18,309 shares during the last quarter. CVA Family Office LLC grew its holdings in PACCAR by 13.3% during the 3rd quarter. CVA Family Office LLC now owns 827 shares of the company’s stock valued at $82,000 after buying an additional 97 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in PACCAR by 130.5% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 669,058 shares of the company’s stock worth $66,023,000 after acquiring an additional 378,810 shares during the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on PCAR shares. Jefferies Financial Group downgraded PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on shares of PACCAR from $125.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Truist Financial upped their target price on shares of PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Evercore ISI upgraded PACCAR from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $99.00 to $129.00 in a research report on Wednesday, November 13th. Finally, Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.95.

PACCAR Stock Performance

Shares of PACCAR stock opened at $106.02 on Friday. PACCAR Inc has a 52 week low of $90.04 and a 52 week high of $125.50. The company has a market capitalization of $55.59 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 2.87 and a beta of 0.92. The stock’s fifty day moving average is $109.71 and its two-hundred day moving average is $104.57. 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 results on Tuesday, January 28th. The company reported $1.66 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%. As a group, analysts expect that PACCAR Inc will post 7.6 earnings per share for the current year.

PACCAR Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, December 20th. This is an increase from PACCAR’s previous dividend of $0.89. PACCAR’s payout ratio is currently 15.17%.

Insider Activity at PACCAR

In other PACCAR news, EVP Darrin C. Siver sold 103,671 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $111.56, for a total value of $11,565,536.76. Following the completion of the sale, the executive vice president now directly owns 61,005 shares in the company, valued at approximately $6,805,717.80. This represents a 62.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $112.05, for a total value of $224,100.00. Following the transaction, the vice president now owns 5,463 shares in the company, valued at approximately $612,129.15. This represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,871 shares of company stock worth $14,586,333. Company 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.