Proficio Capital Partners LLC Invests $215,000 in PACCAR Inc (NASDAQ:PCAR)

Proficio Capital Partners LLC acquired a new stake in PACCAR Inc (NASDAQ:PCAR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 214,528 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its position in PACCAR by 4.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 83,058 shares of the company’s stock valued at $8,640,000 after buying an additional 3,573 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of PACCAR by 1.8% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 206,619 shares of the company’s stock valued at $21,493,000 after acquiring an additional 3,700 shares during the period. New York Life Investment Management LLC lifted its holdings in shares of PACCAR by 0.8% during the 4th quarter. New York Life Investment Management LLC now owns 70,284 shares of the company’s stock valued at $7,311,000 after acquiring an additional 558 shares in the last quarter. Nwam LLC boosted its position in PACCAR by 1.6% during the 4th quarter. Nwam LLC now owns 46,164 shares of the company’s stock worth $4,802,000 after purchasing an additional 722 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in PACCAR by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 44,957 shares of the company’s stock valued at $4,676,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company’s stock.

PACCAR Price Performance

PCAR opened at $102.33 on Thursday. The company has a market capitalization of $53.70 billion, a P/E ratio of 12.94, a PEG ratio of 2.77 and a beta of 0.91. The company has a 50-day moving average of $107.39 and a 200-day moving average of $106.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.39 and a current ratio of 2.54. PACCAR Inc has a 1-year low of $90.04 and a 1-year high of $125.50.

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

PACCAR Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued 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 payout ratio is 16.69%.

Wall Street Analysts Forecast Growth

PCAR has been the subject of several analyst reports. 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 report on Monday, February 3rd. Jefferies Financial Group cut PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Friday, December 6th. Citigroup lowered their price objective on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. 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 report on Wednesday, February 19th. Finally, Bank of America raised shares of PACCAR from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $121.50 in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.77.

Insider Activity at PACCAR

In related news, EVP Darrin C. Siver sold 103,671 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the completion of the sale, the executive vice president now owns 61,005 shares of the company’s stock, valued at $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 is accessible through this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $112.05, for a total transaction of $224,100.00. Following the sale, the vice president now owns 5,463 shares in the company, valued at approximately $612,129.15. This trade represents a 26.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 165,547 shares of company stock valued at $18,261,908. Corporate insiders own 2.02% of the company’s stock.

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.