Lakeside Advisors INC. Has $3.46 Million Stock Holdings in PACCAR Inc (NASDAQ:PCAR)

Lakeside Advisors INC. lifted its holdings in shares of PACCAR Inc (NASDAQ:PCAR) by 46.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 33,268 shares of the company’s stock after acquiring an additional 10,483 shares during the period. PACCAR comprises about 2.3% of Lakeside Advisors INC.’s holdings, making the stock its 11th biggest position. Lakeside Advisors INC.’s holdings in PACCAR were worth $3,460,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC bought a new position in PACCAR in the 4th quarter valued at approximately $37,000. Kestra Investment Management LLC acquired a new position in shares of PACCAR during the fourth quarter worth $37,000. Regents Gate Capital LLP acquired a new position in shares of PACCAR during the fourth quarter worth $44,000. Ashton Thomas Securities LLC bought a new position in shares of PACCAR in the 3rd quarter valued at $52,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of PACCAR by 223.4% during the 4th quarter. AdvisorNet Financial Inc now owns 566 shares of the company’s stock valued at $59,000 after acquiring an additional 391 shares in the last quarter. 64.90% of the stock is currently owned by institutional investors.

PACCAR Price Performance

PCAR stock opened at $106.46 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. The firm has a market cap of $55.82 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 2.79 and a beta of 0.92. The company’s fifty day simple moving average is $107.67 and its 200 day simple moving average is $105.07. PACCAR Inc has a 12-month low of $90.04 and a 12-month 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 (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%. On average, analysts expect that PACCAR Inc will post 7.57 earnings per share for the current year.

PACCAR Increases Dividend

The firm also recently declared 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. This is a boost from PACCAR’s previous dividend of $0.89. The ex-dividend date was Friday, December 20th. PACCAR’s dividend payout ratio is presently 16.69%.

Insider Transactions at PACCAR

In other news, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction dated 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 owns 5,463 shares of the company’s stock, valued at $612,129.15. This represents a 26.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Darrin C. Siver sold 103,671 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $111.56, for a total value 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 approximately $6,805,717.80. This represents a 62.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock valued at $18,261,908 in the last quarter. 2.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PCAR has been the subject of a number of recent research reports. Jefferies Financial Group cut PACCAR from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a report on Friday, December 6th. Citigroup dropped their price objective on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on shares of PACCAR from $125.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Bank of America upgraded shares of PACCAR from a “neutral” rating to a “buy” rating and upped their price target for the company from $116.00 to $121.50 in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $119.00 price target on shares of PACCAR in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.77.

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.