SageView Advisory Group LLC Takes $320,000 Position in PACCAR Inc (NASDAQ:PCAR)

SageView Advisory Group LLC bought a new position in PACCAR Inc (NASDAQ:PCAR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,136 shares of the company’s stock, valued at approximately $320,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. acquired a new stake in PACCAR during the 3rd quarter worth about $1,345,000. Pearl River Capital LLC purchased a new position in PACCAR during the third quarter valued at approximately $914,000. Aigen Investment Management LP acquired a new position in PACCAR in the 3rd quarter valued at approximately $319,000. Rathbones Group PLC purchased a new stake in PACCAR in the 3rd quarter worth approximately $201,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of PACCAR during the 3rd quarter valued at $210,000. 64.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PCAR has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on shares of PACCAR from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. UBS Group raised PACCAR from a “neutral” rating to a “buy” rating and boosted their price target for the company from $104.00 to $136.00 in a research note on Friday, March 15th. Royal Bank of Canada assumed coverage on shares of PACCAR in a research report on Tuesday, March 26th. They set a “sector perform” rating and a $123.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of PACCAR from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Finally, Truist Financial restated a “hold” rating and set a $121.00 price target (up previously from $117.00) on shares of PACCAR in a report on Thursday, May 2nd. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.62.

Insider Buying and Selling at PACCAR

In other news, VP Brice J. Poplawski sold 2,067 shares of the business’s stock in a transaction dated 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 SEC, which is accessible through this hyperlink. In related news, VP Michael K. Walton sold 9,123 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $105.11, for a total value of $958,918.53. Following the completion of the transaction, the vice president now directly owns 1,468 shares of the company’s stock, valued at $154,301.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Brice J. Poplawski sold 2,067 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $109.40, for a total transaction of $226,129.80. 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 in the last ninety days. Company insiders own 2.02% of the company’s stock.

PACCAR Trading Down 0.0 %

Shares of NASDAQ:PCAR opened at $107.70 on Thursday. PACCAR Inc has a 52-week low of $76.88 and a 52-week high of $125.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.49 and a current ratio of 2.73. The company has a market cap of $56.45 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.65 and a beta of 0.94. The stock’s 50-day moving average is $109.12 and its 200-day moving average is $107.22.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, April 30th. The company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. PACCAR had a return on equity of 31.71% and a net margin of 14.30%. The firm had revenue of $8.24 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same quarter last year, the firm posted $2.25 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that PACCAR Inc will post 8.36 earnings per share for the current year.

PACCAR Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were paid a dividend of $0.30 per share. This is a boost from PACCAR’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Tuesday, May 14th. PACCAR’s dividend payout ratio is presently 12.45%.

PACCAR 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.