WealthPlan Investment Management LLC Acquires Shares of 2,263 PACCAR Inc (NASDAQ:PCAR)

WealthPlan Investment Management LLC acquired a new stake in PACCAR Inc (NASDAQ:PCAR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,263 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors also recently bought and sold shares of PCAR. Creative Planning grew its holdings in PACCAR by 2.6% in the third quarter. Creative Planning now owns 74,672 shares of the company’s stock valued at $7,369,000 after purchasing an additional 1,920 shares during the period. Global Retirement Partners LLC grew its holdings in PACCAR by 4.5% in the third quarter. Global Retirement Partners LLC now owns 5,573 shares of the company’s stock valued at $550,000 after purchasing an additional 241 shares during the period. Bleakley Financial Group LLC grew its holdings in PACCAR by 1.3% in the third quarter. Bleakley Financial Group LLC now owns 8,721 shares of the company’s stock valued at $861,000 after purchasing an additional 109 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of PACCAR by 1.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 69,491 shares of the company’s stock valued at $6,857,000 after acquiring an additional 1,322 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in shares of PACCAR by 66.9% in the third quarter. V Square Quantitative Management LLC now owns 3,350 shares of the company’s stock valued at $331,000 after acquiring an additional 1,343 shares in the last quarter. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Stock Performance

NASDAQ PCAR opened at $105.96 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $108.32 and its two-hundred day moving average is $104.79. PACCAR Inc has a 12-month low of $90.04 and a 12-month high of $125.50. The stock has a market capitalization of $55.55 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 2.79 and a beta of 0.92.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (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%. Research analysts expect that PACCAR Inc will post 7.6 EPS for the current year.

PACCAR Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a dividend of $3.00 per share. 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 is 15.17%.

Analyst Upgrades and Downgrades

PCAR has been the topic of several research reports. Evercore ISI upgraded PACCAR from an “in-line” rating to an “outperform” rating and raised their target price for the company from $99.00 to $129.00 in a research report on Wednesday, November 13th. Bank of America upgraded PACCAR from a “neutral” rating to a “buy” rating and raised their target price for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on PACCAR from $125.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Citigroup decreased their target price on PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group downgraded PACCAR from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, PACCAR currently has an average rating of “Moderate Buy” and a consensus target price of $121.95.

Insider Buying and Selling at PACCAR

In other PACCAR news, EVP Darrin C. Siver sold 103,671 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $111.56, for a total transaction of $11,565,536.76. Following the sale, the executive vice president now 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 link. Also, VP Todd R. Hubbard sold 2,000 shares of the 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 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 90 days, insiders have sold 130,871 shares of company stock worth $14,586,333. 2.02% of the stock is owned by insiders.

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.