Atala Financial Inc purchased a new position in PACCAR Inc (NASDAQ:PCAR – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 415 shares of the company’s stock, valued at approximately $43,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in PACCAR in the 4th quarter worth about $37,000. Kestra Investment Management LLC bought a new position in PACCAR during the fourth quarter valued at about $37,000. OFI Invest Asset Management acquired a new stake in shares of PACCAR in the fourth quarter worth about $43,000. Regents Gate Capital LLP bought a new stake in shares of PACCAR during the 4th quarter worth about $44,000. Finally, Larson Financial Group LLC increased its holdings in shares of PACCAR by 39.1% during the 4th quarter. Larson Financial Group LLC now owns 548 shares of the company’s stock valued at $57,000 after acquiring an additional 154 shares during the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related 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 value of $224,100.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael K. Walton sold 6,000 shares of PACCAR stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $106.13, for a total value of $636,780.00. Following the sale, the vice president now directly owns 951 shares in the company, valued at $100,929.63. The trade was a 86.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 165,547 shares of company stock worth $18,261,908 over the last 90 days. Corporate insiders own 2.02% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on PCAR
PACCAR Stock Up 0.8 %
NASDAQ PCAR opened at $99.21 on Friday. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50. The stock has a market cap of $52.07 billion, a PE ratio of 12.54, a PEG ratio of 2.77 and a beta of 0.91. The firm has a 50-day simple moving average of $107.17 and a 200 day simple moving average of $106.26. 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 (NASDAQ:PCAR – Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.66 EPS 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%. On average, research analysts forecast that PACCAR Inc will post 7.57 EPS for the current year.
PACCAR Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a $3.00 dividend. This is a boost from PACCAR’s previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR’s dividend payout ratio (DPR) is 16.69%.
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.
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