Sei Investments Co. Has $13.13 Million Position in PACCAR Inc (NASDAQ:PCAR)

Sei Investments Co. increased its position in PACCAR Inc (NASDAQ:PCAR) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 126,268 shares of the company’s stock after buying an additional 4,422 shares during the period. Sei Investments Co.’s holdings in PACCAR were worth $13,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PCAR. Golden State Wealth Management LLC acquired a new stake in shares of PACCAR in the fourth quarter worth $37,000. Kestra Investment Management LLC acquired a new position in PACCAR during the 4th quarter valued at $37,000. Atala Financial Inc acquired a new stake in PACCAR during the fourth quarter worth about $43,000. Regents Gate Capital LLP bought a new stake in shares of PACCAR during the fourth quarter valued at approximately $44,000. Finally, OFI Invest Asset Management acquired a new position in shares of PACCAR in the 4th quarter valued at $43,000. Institutional investors own 64.90% of the company’s stock.

PACCAR Stock Performance

Shares of PACCAR stock opened at $96.91 on Friday. The business’s fifty day simple moving average is $105.19 and its 200 day simple moving average is $106.55. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $50.87 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 2.77 and a beta of 0.91. PACCAR Inc has a 12 month low of $90.04 and a 12 month high of $124.39.

PACCAR (NASDAQ:PCAR) last posted its quarterly 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 net margin of 12.36% and a return on equity of 23.53%. As a group, analysts anticipate that PACCAR Inc will post 7.57 EPS for the current year.

PACCAR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.33 per share. This is a positive change from PACCAR’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.32 annualized dividend and a dividend yield of 1.36%. PACCAR’s payout ratio is presently 16.69%.

Insider Transactions at PACCAR

In other PACCAR news, VP Michael K. Walton sold 6,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $106.13, for a total value of $636,780.00. Following the completion of the transaction, the vice president now owns 951 shares in the company, valued at approximately $100,929.63. This represents a 86.32 % 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 25,200 shares of PACCAR stock in a transaction on Friday, January 31st. The shares were sold at an average price of $110.98, for a total value of $2,796,696.00. Following the transaction, the chief executive officer now owns 206,129 shares of the company’s stock, valued at $22,876,196.42. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,547 shares of company stock valued at $18,261,908 in the last quarter. Insiders own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Truist Financial raised their price target on PACCAR from $112.00 to $113.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Citigroup cut their price target on shares of PACCAR from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on PACCAR from $132.00 to $121.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Jefferies Financial Group cut shares of 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. Finally, Melius raised shares of PACCAR from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PACCAR currently has an average rating of “Moderate Buy” and an average target price of $118.38.

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.