Kiley Juergens Wealth Management LLC Trims Stock Position in PACCAR Inc (NASDAQ:PCAR)

Kiley Juergens Wealth Management LLC cut its position in PACCAR Inc (NASDAQ:PCAR) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 28,603 shares of the company’s stock after selling 477 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in PACCAR were worth $2,975,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PCAR. Blair William & Co. IL raised its holdings in shares of PACCAR by 5.0% in the 2nd quarter. Blair William & Co. IL now owns 27,322 shares of the company’s stock valued at $2,813,000 after acquiring an additional 1,289 shares in the last quarter. AE Wealth Management LLC increased its position in shares of PACCAR by 33.7% in the second quarter. AE Wealth Management LLC now owns 3,887 shares of the company’s stock worth $400,000 after purchasing an additional 980 shares during the last quarter. Pacer Advisors Inc. raised its stake in PACCAR by 2.7% in the second quarter. Pacer Advisors Inc. now owns 68,222 shares of the company’s stock valued at $7,023,000 after purchasing an additional 1,776 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in PACCAR by 34.1% during the second quarter. Thrivent Financial for Lutherans now owns 151,067 shares of the company’s stock valued at $15,550,000 after purchasing an additional 38,373 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its stake in PACCAR by 2.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 9,262 shares of the company’s stock worth $953,000 after buying an additional 182 shares in the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

PACCAR Stock Up 0.8 %

Shares of NASDAQ:PCAR opened at $110.33 on Tuesday. The stock’s 50-day moving average is $111.10 and its 200 day moving average is $104.06. The company has a market cap of $57.85 billion, a PE ratio of 12.33, a P/E/G ratio of 2.78 and a beta of 0.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.25 and a quick ratio of 1.03. PACCAR Inc has a 1 year low of $90.04 and a 1 year high of $125.50.

PACCAR (NASDAQ:PCAR) last announced its earnings results on Tuesday, October 22nd. The company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.03. The company had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $7.66 billion. PACCAR had a return on equity of 27.24% and a net margin of 13.51%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 earnings per share. Sell-side analysts anticipate that PACCAR Inc will post 7.93 EPS for the current year.

PACCAR Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a $3.00 dividend. The ex-dividend date was Friday, December 20th. This is a positive change from PACCAR’s previous dividend of $0.89. PACCAR’s dividend payout ratio is 13.41%.

Insider Transactions at PACCAR

In other PACCAR news, SVP Kevin D. Baney sold 9,894 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $107.00, for a total value of $1,058,658.00. Following the completion of the transaction, the senior vice president now owns 7,121 shares in the company, valued at approximately $761,947. This represents a 58.15 % 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 27,191 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $103.52, for a total value of $2,814,812.32. Following the transaction, the chief executive officer now directly owns 171,776 shares of the company’s stock, valued at $17,782,251.52. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,315 shares of company stock valued at $6,358,552. Company insiders own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Friday, December 6th. JPMorgan Chase & Co. raised their price objective on PACCAR from $122.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Truist Financial upped their target price on PACCAR from $110.00 to $112.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. BNP Paribas raised shares of PACCAR to a “hold” rating in a research note on Wednesday, October 16th. Finally, Citigroup cut their price objective on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, PACCAR currently has a consensus rating of “Hold” and a consensus price target of $120.13.

PACCAR Company 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.