PACCAR Inc. $PCAR Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its position in shares of PACCAR Inc. (NASDAQ:PCAR) by 6.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 73,462 shares of the company’s stock after selling 5,256 shares during the period. Foster & Motley Inc.’s holdings in PACCAR were worth $8,045,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Private Wealth Management Group LLC raised its position in PACCAR by 293.1% in the third quarter. Private Wealth Management Group LLC now owns 283 shares of the company’s stock worth $28,000 after acquiring an additional 211 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of PACCAR in the third quarter valued at about $32,000. AlphaQuest LLC purchased a new stake in PACCAR in the 3rd quarter valued at approximately $38,000. True Wealth Design LLC lifted its position in shares of PACCAR by 61.1% in the fourth quarter. True Wealth Design LLC now owns 364 shares of the company’s stock valued at $40,000 after acquiring an additional 138 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of PACCAR by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 432 shares of the company’s stock worth $42,000 after purchasing an additional 216 shares during the last quarter. 64.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PACCAR

In other PACCAR news, VP Paulo Henrique Bolgar sold 12,183 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $122.43, for a total transaction of $1,491,564.69. Following the completion of the transaction, the vice president directly owned 6,274 shares of the company’s stock, valued at $768,125.82. The trade was a 66.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kevin D. Baney sold 9,672 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $126.53, for a total transaction of $1,223,798.16. Following the completion of the transaction, the executive vice president owned 12,592 shares of the company’s stock, valued at approximately $1,593,265.76. This trade represents a 43.44% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 133,105 shares of company stock valued at $16,869,046. Corporate insiders own 1.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PCAR. Zacks Research upgraded PACCAR from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. JPMorgan Chase & Co. boosted their price objective on shares of PACCAR from $133.00 to $142.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Morgan Stanley set a $109.00 target price on PACCAR and gave the company an “equal weight” rating in a research note on Tuesday, February 3rd. Truist Financial raised their price target on shares of PACCAR from $108.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Finally, Citigroup lifted their price objective on PACCAR from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, PACCAR currently has an average rating of “Hold” and an average price target of $116.18.

PACCAR Price Performance

PCAR opened at $112.47 on Tuesday. The firm has a market cap of $59.19 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 0.95 and a beta of 1.03. PACCAR Inc. has a fifty-two week low of $84.65 and a fifty-two week high of $131.88. The company has a quick ratio of 2.79, a current ratio of 2.98 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $121.85 and its 200 day moving average price is $110.48.

PACCAR (NASDAQ:PCAR) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same quarter in the previous year, the firm posted $1.66 EPS. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. As a group, sell-side analysts expect that PACCAR Inc. will post 7.57 earnings per share for the current year.

PACCAR Company Profile

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.