Great Lakes Advisors LLC Sells 492 Shares of PACCAR Inc (NASDAQ:PCAR)

Great Lakes Advisors LLC lowered its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,738 shares of the company’s stock after selling 492 shares during the quarter. Great Lakes Advisors LLC’s holdings in PACCAR were worth $2,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in PACCAR by 14.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 850 shares of the company’s stock valued at $88,000 after purchasing an additional 107 shares during the last quarter. PFG Advisors raised its stake in shares of PACCAR by 8.7% in the fourth quarter. PFG Advisors now owns 4,793 shares of the company’s stock valued at $499,000 after acquiring an additional 384 shares during the period. Inspire Advisors LLC raised its stake in shares of PACCAR by 12.7% in the fourth quarter. Inspire Advisors LLC now owns 6,219 shares of the company’s stock valued at $647,000 after acquiring an additional 703 shares during the period. Citizens Financial Group Inc. RI raised its stake in shares of PACCAR by 11.7% in the fourth quarter. Citizens Financial Group Inc. RI now owns 4,180 shares of the company’s stock valued at $435,000 after acquiring an additional 439 shares during the period. Finally, Sage Mountain Advisors LLC purchased a new stake in shares of PACCAR in the fourth quarter valued at $258,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Trading Up 0.8 %

NASDAQ PCAR opened at $99.21 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. The company has a market capitalization of $52.07 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91. The company’s 50-day simple moving average is $107.17 and its two-hundred day simple moving average is $106.35. PACCAR Inc has a one year low of $90.04 and a one year high of $125.50.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, January 28th. The company reported $1.66 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. Equities analysts forecast that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio (DPR) is 16.69%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PCAR shares. JPMorgan Chase & Co. increased their target price on shares of PACCAR from $125.00 to $132.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Evercore ISI reduced their target price on shares of PACCAR from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Friday, December 6th. Citigroup reduced their target price on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Truist Financial increased their target price on shares of PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a research note on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $120.35.

Insider Buying and Selling

In other PACCAR news, VP Michael K. Walton sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total transaction of $636,780.00. Following the completion of the transaction, the vice president now directly owns 951 shares of the company’s stock, valued at approximately $100,929.63. This trade represents a 86.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Todd R. Hubbard sold 2,000 shares of PACCAR stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total transaction of $224,100.00. Following the transaction, the vice president now directly 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 disclosure for this sale can be found here. Insiders sold 165,547 shares of company stock worth $18,261,908 in 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.